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NAT enters Phase II research deal with NRC
28
Jan '08
Naturally Advanced Technologies Inc (NAT) announced that its wholly owned subsidiary CRAILAR Fiber Technologies Inc has entered into a Phase II Joint Collaboration Agreement (“Phase II Agreement”) with the National Research Council (NRC) of Canada for ongoing development of the Company's proprietary CRAILAR technology for environmentally sustainable processing and production of bast fibers.

“This is an important achievement for Naturally Advanced Technologies, its partners and investors,” said Ken Barker, CEO. “The signing of a second collaboration agreement with the NRC, ensures our continued strong research partnership to pursue many of the opportunities we have already identified for CRAILAR and develop additional environmentally responsible technologies.”

NAT's proprietary CRAILAR technology offers an environmentally and economically beneficial clean technology solution to the processing and production of bast fibers such as hemp and flax, resulting in increased performance characteristics for use in textile, industrial, energy, medical and composite material applications.

The Phase II Agreement is an extension of the Company's initial Joint Collaboration Agreement with the NRC Institute for Biological Sciences entered into in May of 2004, to develop CRAILAR, a patentable enzyme technology for the processing of hemp fibers. The Company secured exclusive worldwide license to all technology developed under the initial agreement including a patent application for the extraction of hemp fibers filed by the NRC in May 2007.


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