News Flash

Naturally HTnaturals shows strong growth in Q3

29 Nov '07

3 min read

Naturally Advanced Technologies Inc reported operating and financial results for the third quarter and nine months ended September 30, 2007.

For the third quarter ended September 30, 2007, the Company, through its wholly owned subsidiary CRAILAR Fiber Technologies Inc, confirmed Phase I proof of concept for two proprietary bast fiber processing technologies currently being developed in collaboration with Canada's National Research Council (“NRC”) and the Alberta Research Council (“ARC”).

CRAILAR X-Series Fiber demonstrated Phase I proof of concept at the NRC's Industrial Materials Institute in Montreal, including hemp fiber decortication and extrusion of dissolving pulp processes co-developed with the ARC. CRAILAR X-Series Fiber is an environmentally sustainable hemp fiber which is dissolved and then extruded to create high performance fabric, apparel and composites.

Phase I proof of concept for CRAILAR F-Series Fiber included final engineering, installation and testing of processing equipment at the Company's co-development facility located at the NRC's Institute for Biological Science in Ottawa. CRAILAR F-Series Fiber is a traditionally spun environmentally sustainable hemp yarn targeted for use in apparel and upholstery industries.

The Company has begun build-out of its CRAILAR F-Series pilot plant in Montreal, which is expected to be operational for initial scale-up of Phase II proof of concept during the second quarter of 2008. Proprietary CRAILAR fibertechnologies including all patent applications filed by the NRC and ARC, are held by the Company under exclusive international licensing agreements. Development continues to establish efficacy of the CRAILAR platform with test fibers meeting initial production requirements of textile and composite industries.

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