Aug. 16, 2012
Naturally Advanced Technologies Inc.
("NAT" or the "Company") (TSXV: NAT) (OTCBB: NADVF), which produces and markets CRAiLAR® Flax Fiber, announced it had completed its final large scale production and commercialization trial with Barnhardt Manufacturing, one of its key third party manufacturers, this month. The fiber is destined to go to CRAiLAR's partner brands, including
-Pacific for formed materials, Levi Strauss and Company for use in additional production trials for apparel products, and for the balance of the spring 2013 retail introduction
announced last month
announced a three-year purchasing agreement
after a successful evaluation period of less than six months. The partnership has since identified significant product performance advancements. NAT remains in development Levi's, and the delivered CRAiLAR Flax Fiber is expected to be used in a trial that would typically precede a large-scale production run for retail. The amount of fiber delivered could yield as many as 50,000 units of a regular Levi's product.
"This is a validating step for CRAiLAR as we demonstrate the ability of our technology to scale without risk, and as we finalize the completion of our full scale production facility in
Most importantly, this is a key milestone as we look to expand finished products available at retail, and industries within which consumers will soon be experiencing CRAiLAR Flax Fiber," said
, CEO of NAT. "We are thrilled to be providing a new, sustainable natural fiber that allows for innovation in partnership with global brands, and that aligns with each of their company-wide sustainability initiatives."
Each partner brand determines the timing of their CRAiLAR-related product introductions internally and has not made public statements about retail plans.