VICTORIA, BC and PORTLAND, OR, Feb. 14, 2013 /CNW/ - CRAiLAR
Technologies Inc. ("CRAiLAR" or the "Company") (TSXV: CL) (OTCBB:
CRLRF), which produces and markets CRAiLAR®, a natural fiber made from flax and other bast fibers, has been named
to the 2013 TSX Venture 50, a list assembled based on quantitative measurement of top performing
publicly traded companies on the TSX Venture Exchange. CRAiLAR was ranked ninth in clean tech sector. It is the third
consecutive year the company has earned a position on the list.
"We are proud to have earned a place among the Venture 50 for the third
year in a row," said Guy Prevost, CFO of CRAiLAR Technologies. "This
recognition is a demonstration of continued investor support for the
team's steadfast commitment to delivering the most unique natural fiber
the world has seen in decades."
Outlined in a TMX Group release on Wednesday, the 2013 TSX Venture 50 was determined based on equal weighting of the
following measures: market capitalization growth, share price
appreciation, trading volume and analyst coverage. It is comprised of
ten companies from each of five sectors: clean technology; mining; oil
& gas; diversified industries; and technology & life sciences.
About CRAiLAR Technologies Inc.
CRAiLAR® Technologies Inc. offers cost-effective and environmentally
sustainable natural fiber in the form of flax, hemp and other bast
fibers for use in textile, industrial, energy, medical and composite
material applications. Produced using a fraction of water and chemical
inputs compared with other natural fibers, CRAiLAR Flax is the newest
natural fiber introduction to the market in decades. The Company
supplies its CRAiLAR Flax to HanesBrands, Georgia-Pacific, Brilliant
Global Knitwear, Tuscarora Yarns, Target Corp. and Kowa Company for
commercial use, and to Levi Strauss & Co., Cintas, Carhartt, Ashland,
PVH Corp., Cotswold Industries and Lenzing for evaluation and
development. The Company was founded in 1998 as a provider of
environmentally friendly, socially responsible clothing. For more
information, visit www.crailar.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
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.
SOURCE: Crailar Technologies Inc.
For further information:
Director, Corporate Communications