News Flash

HTnaturals signs worldwide licensing deal with ARC

16 Jul '07

3 min read

Under the agreement, Crailar Fiber Technologies will pay ARC a quarterly sum to support the collaboration and a royalty on any sales. A portion of the royalty will be used to fund future bast fiber development within ARC.

“We are very proud of this advancement in our core product offerings and delighted that the technology has had an opportunity to flourish through our work with ARC,” continued Barker. “Advanced composites manufacturing applications are potentially a large opportunity; and an added bonus is our fiber processing by-products can be used as a bio fuel source that has multiple beneficial uses. These are industry altering inventions and we are privileged to have the opportunity to be a part of global initiatives that create a sustainable, healthier planet.”

Naturally Advanced Technologies is the leading provider of sustainable, environmentally friendly fibers and fabrics as well as the development of bast fiber processes.

The company was founded in 1995 in response to the growing demand for environmentally friendly, socially responsible clothing and has evolved into two operating entities: HT Naturals and Crailar Fiber Technologies. NAT 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.

Naturally Advanced Technologies Inc

More Hemptown Clothing Inc News... More Textiles News - Canada...