40,000 Square Foot Facility Utilized As Pilot Scale Facility For
CRAiLAR Decortication Process
PORTLAND, OR, Aug. 10 /PRNewswire-FirstCall/ - Naturally
Advanced Technologies, Inc (OTCBB: NADVF, TSXV: NAT) announced
today that as of August 9, 2010, it
has signed a ten month sublease of a facility at 164 County Camp
Road, Kingstree, SC, 29556. The
space has been attained for use as an initial scale-up flax fiber
facility to conduct the decortication process of CRAiLAR(R) Organic
Fibers. The facility was originally established to conduct
processing of flax fiber under a USDA initiative.
In addition, the property is housed near 300 acres of flax crops
that will also be utilized to conduct the company's flax fiber
growing trials taking place beginning October, 2010.
"Having a facility in the USA
that we operate and manage for the dry process or decortication of
our CRAiLAR Organic Fibers brings the entire patented CRAiLAR
process together under NAT control, enabling us to manage our
process entirely," said Ken Barker,
CEO, Naturally Advanced Technologies. "As well, the opportunity to
conduct full scale flax trials furthers our vision of utilizing a
variety of bast fibers as the foundation for CRAiLAR and its
multiple principal uses."
Kingstree, SC is a town of
approximately 3500 people; the new facility is expected to create
job opportunities for the people of Kingstree as well as create opportunities with
local farmers in the surrounding areas.
For more information about Naturally Advanced Technologies Inc.,
visit www.naturallyadvanced.com.
About Naturally Advanced Technologies Inc.
Naturally Advanced Technologies Inc. is committed to unlocking
the potential of renewable and environmentally sustainable biomass
resources from hemp and other bast fibers. The company, through its
wholly owned subsidiary, Crailar Fiber Technologies Inc., is
developing proprietary technologies for production of bast fibers,
cellulose pulp, and their resulting by-products, in collaboration
with Canada's National Research Council and the Alberta Research
Council. Crailar(R) technology offers cost-effective and
environmentally sustainable processing and production of natural,
bast fibers such as hemp and flax, resulting in increased
performance characteristics for use in textile, industrial, energy,
medical and composite material applications. The company was
founded in 1998 as a provider of environmentally friendly, socially
responsible clothing and adheres to a "triple bottom line"
philosophy, respecting the human rights of employees, the
environmental impact of the company's operations and fiscal
responsibility to its shareholders. See
www.naturallyadvanced.com
Neither the TSX Venture Exchange Inc. nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Statement Disclaimer
This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this news release,
other than statements of historical facts, are forward-looking
statements. Forward-looking statements or information are subject
to a variety of risks and uncertainties which could cause actual
events or results to differ from those reflected in the
forward-looking statements or information and including, without
limitation, risks and uncertainties relating to: any market
interruptions that may delay the trading of the Company's shares,
technological and operational challenges, needs for additional
capital, changes in consumer preferences, market acceptance and
technological changes, dependence on manufacturing and material
supplies providers, international operations, competition,
regulatory restrictions and the loss of key employees. In addition,
the Company's business and operations are subject to the risks set
forth in the Company's most recent Form 10-K, Form 10-Q and other
SEC filings which are available through EDGAR at www.sec.gov. These
are among the primary risks we foresee at the present time. The
Company assumes no obligation to update the forward-looking
statements.
SOURCE Naturally Advanced Technologies Inc.
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