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The friendliest fiber on the planet™
Founded in Vancouver, British Columbia in 1998 by Jason Finnis and Larisa Harrison, the company was originally a provider of environmentally friendly, ethically produced clothing. The company quickly grew through strategic partnerships with Canada's National Research Council and Alberta Innovates-Technologies Futures to become a leading developer of renewable and environmentally sustainable biomass resources using flax, hemp, and other bast fibers.
CRAiLAR uses a cutting-edge, all-natural enzymatic process to unlock the potential of flax fiber, resulting in a garment that is as soft and durable as cotton, while minimizing the environmental risks associated with its cultivation. This breakthrough has attracted some of the world's biggest textile and apparel brands. But the versatility of CRAiLAR Flax means its potential uses extend far beyond fiber applications, standing to impact industrial, energy, medical, and composite material industries as well.
At Naturally Advanced Technologies Inc., we believe that sustainability is the way of the future and that every decision should be based on three things: people, planet, and profit. Known as the triple-bottom-line (3BL), this pervasive philosophy is upheld throughout NAT.
CRAiLAR® Fiber Technologies Inc.
CRAiLAR® Fiber Technologies Inc. is striving to make it easier and more cost effective for manufacturers and consumers to operate on the 3BL philosophy. With expected improvements in, including but not limited to, time and environmental footprint of manufacturing, agricultural practices and feedstock sourcing, and product quality and lifecycle, CRAiLAR® solutions have the potential to deliver value across the 3BL. CRAILAR® products are expected to have applications to many industries including such environmental heavyweights as traditional and performance apparel, and composite materials.
CRAiLAR® Organic Fibers are the building blocks for the first truly sustainable yarn in the apparel industry. Organic Fibers are processed through a patented enzymatic bath created in collaboration with the National Research Council of Canada. Prior to the bath, the fibers of up to a meter in length are cut to the desired staple length rivaling the very best long line cotton. These fibers then enter specialized processing equipment which turns the straw-like fibers into soft, white fibers similar to organic cotton.
The expected result is a yarn with the same warmth and feel of organic cotton, but with characteristics, such as tensile strength, that organic cotton simply can never achieve. As every step of the process can be certified organic, CRAiLAR® Organic Fibers become the first truly sustainable yarn in the apparel industry.
CRAiLAR® Organic Fibers division includes F-Series legacy technology.
The Company has entered into collaborative research and development agreements with the National Research Council, Canada ("NRC") and the Alberta Research Council ("ARC") for the engineering, processing and production of bast fibers including hemp and flax. To date, approximately CDN$1.9 million has been invested in the Company's CRAiLAR® technology with an additional CDN$2.5 million in expenditures directed toward ongoing R&D.
The NRC is a Government of Canada research and development organization with over 25 technology centers employing over 4,000 people and an annual budget of more than CDN$800 million. With a 90-year history, the NRC's mandate is to provide substantial resources to help Canada become one of the world's top five R&D performers by 2010. The NRC supports the growth of Canadian industry through collaboration with domestic and foreign universities, companies and public and private sector organizations in the areas of health, climate change, the environment, and clean energy. www.nrc-cnrc.gc.ca
The ARC is a provincial research organization established in 1921 to provide contract research and development services to business and government. With an annual budget of over CDN$100 million, the ARC operates five research facilities employing over 500 people throughout Alberta. The BioProducts division has established expertise in applied plant biotechnology and genomics for the development of commercially viable alternatives to petroleum-based products. www.arc.ab.ca
In 2004, NAT began working with a leading biotech scientist with the NRC, Dr. Wing Sung, who has developed a commercially successful and environmentally friendly biotech enzyme process for bast fibers (primarily hemp) for use in fabric and composites. His enzyme processes were initially developed to create products for the pulp and paper industry (See biography below). After success in this industry, Dr. Sung and other experts hypothesized that applying their expertise on technology for processing commercially grown hemp would be a key step to reinvigorate the hemp fiber industry in Canada.
The Company also has negotiated a Master Agreement for Technology Development with the ARC for further product development and commercialization. The results to date from this collaboration have been proprietary industry developments in the fiber and composites industries. These productive relationships are expected to continue for the life of intellectual property covered by the patent applications.
Dr. Wing Sung, BSc, MSc, PhD
Principal Research Officer
National Research Council of Canada
Dr. Wing L. Sung is a Principal Research Officer at the Institute for Biological Sciences, National Research Council of Canada, Ottawa, with research interests in industrial enzymes, bio-products and natural fiber. His current research involves the application of glycosidase enzymes for the extraction of plant fibers for textile and bio-composite materials.
Dr. Sung is the researcher behind four generations of engineered xylanases for the production of bleached pulp, in partnership with Iogen Corporation of Ottawa. Iogen develops, manufactures and markets industrial enzymes and has raised C$130 million including C$30 million from Goldman Sachs and C$46 million from Royal Dutch/Shell Group. Iogen's technology processes four million tons of pulp in Canada and USA annually, resulting in a net saving of between $500,000 - $1,000,000/year per facility. Between 1997 and 2007, this technology was responsible for a cumulative reduction of 10,000 tons of undesirable organochloride byproducts by reducing the amount of chlorine bleach required in the production of 25 million tons of bleached pulp.
Wade Chute, P. Eng.
Senior Research Engineer, Agrifiber
Alberta Research Council
Mr. Chute received his bachelor's degree in Chemical Engineering in 1991 from the University of British Columbia, where his interests focused on pulp and paper. As a process engineer, he was involved in the startup of the world's first zero effluent pulp mill in Meadow Lake, Saskatchewan. He also worked for one year with Slave Lake Pulp Corporation as a process engineer, followed by four years as a technical sales representative with Andritz Inc., a supplier of pulp mill machinery. Wade joined the Alberta Research Council in June of 1999 as the senior research engineer for agrifiber pulp and paper and has since become the manager of the pulp and paper business unit.
NRC - National Research Council of Canada
In May 2004, Naturally Advanced, through its wholly owned subsidiary CRAiLAR® Fiber Technologies Inc., entered into a Joint Collaboration Agreement (JCA) with the NRC Institute for Biological Sciences to develop CRAiLAR®, a patentable enzyme technology for the processing of hemp and other bast fibers. Under the terms of the JCA, all intellectual property developed under the agreement is available to the Company under exclusive license from the NRC. In October 2006, the Company entered into a Technology License Agreement with the NRC Institute for Biological Sciences, providing the Company an exclusive worldwide license to use and sublicense the technology developed under the JCA.
In May 2007, the NRC filed a patent application for processing hemp fibers under the Patent Cooperation Treaty simultaneously seeking protection in up to 117 countries worldwide. Later that month, CRAiLAR® Fiber Technologies Inc. secured the exclusive worldwide licensing rights from the NRC to the technology covered under this patent application.
ARC - Alberta Research Council
In January 2007, Naturally Advanced, through its wholly owned subsidiary CRAiLAR® Fiber Technologies Inc., entered into a Master Agreement for Technology Development ("MATD") with the Alberta Research Council ("ARC") to further develop technology related to the fabrication of products utilizing CRAiLAR® technology for use in textiles and composite applications.
Under the terms of the MATD, Naturally Advanced is entitled to an option to an exclusive, worldwide, royalty bearing license to use any new intellectual property developed pursuant to a Project Agreement. On May 23, 2007, the ARC filed two provisional patent applications related to technology developed under the MATD, and later that month the Company secured the exclusive worldwide licensing rights from the ARC, to the technology covered under the two patent applications.
In September 2005, the Company trademarked the term CRAiLAR® to identify its proprietary technology platform relating to the engineering, processing and production of bast fibers, including all technology co-developed with and licensed from the NRC and ARC.
Crailar Technologies today supplies its CRAiLAR Flax for commercial use to:
Brilliant Global Ltd.
Kowa Company, Inc. http://www.kowa.co.jp/eng/
For evaluation and development use, Crailar Technologies currently supplies its CRAiLAR Flax to:
Levi Strauss & Co. http://www.levi.com
PVH Corp http://www.pvh.com/
Cotswold Industries Inc. http://www.cotswoldindustries.com/
Cone Denim http://www.conedenim.com/
Adidas AG http://www.adidas-group.com/en/
Quaterly Report: First quarter ended March 29, 2015 http://www.crailar.com/sites/default/files/investors/financial_reports/CL-2015-Q1.pdf (May not be available yet)
Annual Report: Year ended December 27, 2014 http://www.crailar.com/sites/default/files/investors/financial_reports/CL-2014-Annual.pdf
Quaterly Report: Third quarter ended September 27, 2014 http://www.crailar.com/sites/default/files/investors/financial_reports/CL-2014-Q3.pdf
Quaterly Report: Second quarter ended June 28, 2014 http://www.crailar.com/sites/default/files/investors/financial_reports/CL-2014-Q2.pdf
Quaterly Report: First quarter ended March 29, 2014 http://www.crailar.com/sites/default/files/investors/financial_reports/CL-2014-Q1.pdf
Annual Report: Year ended December 28, 2013 http://www.crailar.com/sites/default/files/investors/financial_reports/CL-2013-Annual.pdf
Quaterly Report: Third quarter ended September 28, 2013 http://www.crailar.com/sites/default/files/investors/financial_reports/CL-2013-Q3.pdf
Quaterly Report: Second quarter ended June 29, 2013 http://www.crailar.com/sites/default/files/investors/financial_reports/CL-2013-Q2.pdf
Quaterly Report: First quarter ended March 30, 2013 http://www.crailar.com/sites/default/files/investors/financial_reports/CL-2013-Q1.pdf
Annual Report: Year ended December 31, 2012 http://www.crailar.com/sites/default/files/investors/financial_reports/CL-2012-ANNUAL.pdf
Quaterly Report: Third quarter ended September 30, 2012 http://www.crailar.com/sites/default/files/investors/financial_reports/CL-2012-Q3.pdf
Quaterly Report: Second quarter ended June 30, 2012 http://www.crailar.com/sites/default/files/investors/financial_reports/NAT-2012-Q2.pdf
Quaterly Report: First quarter ended March 31, 2012 http://www.crailar.com/sites/default/files/investors/financial_reports/NAT-2012-Q1.pdf
Market Value: $15,930,721 (as of April 13, 2015)
Shares Outstading: 66,378,003 shares (as of April 9, 2015)
Float: 62,350,603 shares without par value (as of February 2, 2015)
Authorized Shares: Unlimitted common shares without par value (as of April 13, 2015)