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Article Excerpt
- Jointly developing a processing facility to produce organic apparel-grade fiber in first phase - - To determine commercialization and marketing plan in second phase - - Management schedules conference call on Tuesday, August 11, 2009 -
PORTLAND, OR, Aug. 4 /PRNewswire-FirstCall/ -- Naturally Advanced Technologies Inc. (NAT, OTCBB: NADVF, TSXV: NAT) has entered into a multiphase joint development agreement with Hanesbrands Inc. , that will allow Crailar(R) Organic Fibers technology to be processed for use in commercial apparel knit products made by Hanesbrands.
NAT, using technology developed with and licensed from The National Research Council of Canada (NRC), and Hanesbrands, a leading producer and marketer of innerwear, outerwear and hosiery apparel, will retrofit existing dying equipment at a Hanesbrands facility to develop a commercially viable use of the 100 percent organic fiber.
"We are eagerly working with NAT to incorporate Crailar Organic Fibers into our production process," stated Michael...
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