HTnaturals signs worldwide licensing deal with ARC

16 Jul '07

3 min read

Crailar Fiber Technologies Inc, a subsidiary of Naturally Advanced Technologies Inc (HTnaturals), the leading provider of sustainable, environmentally friendly fibers and fabrics, has entered into a Master Agreement for Technology Development an agreement with the Alberta Research Council (ARC) for the development of bast fiber technology.

Under the agreement, Crailar Fiber Technologies (CFT) has the option for an exclusive, royalty-bearing worldwide licence to use the new intellectual property developed by the Alberta Research Council on bast fibers.

The Master Agreement will serve as an umbrella for various project agreements, the first of which will be the development of a sustainable, organic moisture management fiber for both winter and summer performance apparel applications, currently referred to as Crailar X- Series, a high performance fiber that is not reliant on environmentally harmful petroleum-based products.

Ken Barker, CEO of Naturally Advanced Technologies, said, “This agreement with ARC and our ongoing collaboration for the commercialization of Crailar fiber technology has led to what we believe is a revolutionary application for sustainable organic fibers. The performance apparel market has to date been created from fossil fuel based products with inherent drawbacks in many steps of the product life cycle. The Crailar development, referred to as Crailar X-Series, allows us to enter a far more dynamic sector of the apparel market; one that I have been deeply passionate and involved in for the past 25 years.”

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