Ranked 4th in the Clean Tech Sector
VICTORIA, BC and PORTLAND, OR, Feb. 22, 2012 /CNW/ - Naturally Advanced Technologies Inc. ("NAT" or the "Company") (TSXV: NAT) (OTCBB: NADVF), which produces and
markets CRAiLAR®, a natural fiber made from flax and other bast fibers,
announced that TSX Venture Exchange has named the Company to its 2012 TSX Venture 50, a list assembled based on quantitative measurement of top performing
publicly traded companies on the Toronto Stock Exchange (TSX). NAT was ranked fourth in Clean Tech sector.
The 2011 TSX Venture 50 is comprised of ten companies from each of five
sectors: Clean Technology, Mining, Oil & Gas, Diversified Industries,
and Technology & Life Sciences. The companies were chosen based on the
following criteria with equal weight: share price appreciation, market
capitalization growth, trading volume, and analyst coverage.
"It is a testament to the team and to our partners that we maintained a
position among the TSX Venture 50 for the second consecutive year,"
said Guy Prevost, CFO of NAT. "The past year saw several significant
milestones that laid the foundation for the future of NAT, and we
anticipate being able to deliver additional milestones in the coming
year that will continue to allow the company to make an impact in the
world of natural fibers."
The company's performance against TSX Venture 50 criteria for the period
closing December 2010 to closing December 2011 included:
• Price per share increase of 60% (C$1.40 to C$2.24)
• Market cap increase of 89% (C$47.3 million to C$90.1 million)
• A trading volume increase of 310% over 2010
• Initiation of coverage by Cormark Securities
NAT has developed the CRAiLAR process, which successfully removes the
binding agents from flax that contribute to its stiff texture, and
produces a fiber that has both the tensile strength and performance
benefits of flax, and the comfort qualities of cotton.
About Naturally Advanced Technologies Inc.
Naturally Advanced Technologies Inc. develops renewable and
environmentally sustainable biomass resources from flax, hemp and other
bast fibers. The Company, through its wholly owned subsidiary, CRAiLAR®
Fiber Technologies Inc., has developed proprietary technologies for
production of bast fibers, cellulose pulp, and their resulting
by-products in collaboration with Canada's National Research Council.
CRAiLAR technology offers cost-effective and environmentally
sustainable processing and production of natural, bast fibers 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. For more information, visit 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
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 Naturally Advanced Technologies Inc.
For further information:
Naturally Advanced Technologies