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Article: Naturally Advanced Technologies Reports Third Quarter 2009 Results.
- Article from:
- PR Newswire
- Article date:
- November 6, 2009
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PORTLAND, OR, Nov. 6 /PRNewswire-FirstCall/ -- Naturally Advanced Technologies Inc. (NAT, OTCBB: NADVF, TSXV: NAT), reported results for its third quarter ended September 30, 2009.
"During the third quarter, we made significant progress in bringing our Crailar(R) technology closer to market," stated Ken Barker, NAT's CEO. "In August, we signed a multi-phase joint development agreement with Hanesbrands, Inc. and a spinning and trademark licensing agreement with Patrick Yarns. In July, we entered a manufacturing agreement with G.J. Littlewoods & Son. We also raised $916,000 in gross proceeds through a private placement to support our commercialization activities ...