Press Releases
| February 22, 2010 Naturally Advanced Technologies Signs Amended Agreement with the National Research Council of Canada to Collaborate on Research for the Production of Cellulosic Ethanol from Sustainable Feedstock | |
- Research Intended to Develop New Enzyme Technology for Cellulosic Ethanol Manufacturing - PORTLAND, Oregon, Feb. 22, 2010 - Naturally Advanced Technologies Inc. (NAT, OTCBB: NADVF, TSXV: NAT) amended its agreement with the National Research Council (NRC) of Canada to include collaboration on cellulose technology research for the production of cellulosic ethanol from sustainable feedstock, such as corn stalks and straws, which is the unexploited byproduct in agri-food production.
"We are thrilled that Dr. Sung will again serve as Principal Research Officer for this project. He has received numerous awards for his leadership and promotion of the life sciences industry and collaboration within the industry on a national scale. His study of proteins and enzymes was pivotal in developing CRAiLAR(r), NAT's organic enzyme bath process that transforms hemp into fiber that can be used in traditional cotton knitting systems, thereby enabling hemp to enter mainstream apparel production. In addition, Dr. Sung designed enzymes that reduce toxic effluent in the pulp and paper industry," concluded Barker. About Naturally Advanced Technologies Inc. Naturally Advanced Technologies Inc. is committed to unlocking the potential of renewable and environmentally sustainable biomass resources from hemp and other bast fibers. The company, through its wholly owned subsidiary, Crailar Fiber Technologies Inc., is developing proprietary technologies for production of bast fibers, cellulose pulp, and their resulting by-products, in collaboration with Canada's National Research Council and the Alberta Research Council. Crailar(r) technology offers cost-effective and environmentally sustainable processing and production of natural, bast fibers such as hemp and flax, resulting in increased performance characteristics for use in textile, industrial, energy, medical and composite material applications. The company was founded in 1998 as a provider of environmentally friendly, socially responsible clothing and 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. See www.naturallyadvanced.com Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Statement Disclaimer This news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, other than statements of historical facts, are forward-looking statements. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information and including, without limitation, risks and uncertainties relating to: any market interruptions that may delay the trading of the Company's shares, technological and operational challenges, needs for additional capital, changes in consumer preferences, market acceptance and technological changes, dependence on manufacturing and material supplies providers, international operations, competition, regulatory restrictions and the loss of key employees. In addition, the Company's business and operations are subject to the risks set forth in the Company's most recent Form 10-K, Form 10-Q and other SEC filings which are available through EDGAR at www.sec.gov. These are among the primary risks we foresee at the present time. The Company assumes no obligation to update the forward-looking statements. Investor Contact: Kirsten Chapman / Cathy Mattison Lippert / Heilshorn & Associates 415.433.3777 ir@naturallyadvanced.com Media Contact: Cheryl Roth / Megan Roarty organicworks PR 212.253.0474 Cheryl@organicworkspr.com Megan@organicworkspr.com | |

