Hanesbrands to pre-purchase CRAiLAR Flax fiber from NAT

02 Dec '10

1 min read

Naturally Advanced Technologies Inc announced that it has entered into a short-term supply agreement with Hanesbrands Inc starting in December 2010 for the continued development of CRAiLAR Flax fiber.

The companies recently completed spinning trials using the CRAiLAR flax fibers, and the supply agreement allows for Hanesbrands to pre-purchase CRAiLAR Flax fiber from Naturally Advanced Technologies for additional product testing. The agreement calls for Hanesbrands to purchase up to $375,000 of CRAiLAR Flax fiber between December 1, 2010 and early 2011.

Ken Barker, CEO of Naturally Advanced Technologies, said, "We are excited to move to this next level in our commercialization plans. Our partnership with Hanesbrands has proven to be a truly collaborative effort. We believe this next step is a significant validation of our technology and we look forward to bringing CRAiLAR Flax fiber to consumers in 2011."

Hanesbrands is a leading marketer of everyday basic apparel under some of the world's strongest apparel brands. Mike Faircloth, Hanesbrands senior vice president of supply chain said, "We are encouraged by our spinning tests with CRAiLAR Flax fiber and believe that our continued investment in this process will accelerate development of the commercialization process."

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