CRAiLAR® Flax Supply Agreement with Hanes

01/12/2010 at 7:24 am Leave a comment

We are pleased to announce that we have entered into a short-term agreement with Hanesbrand Inc. to begin in December 2010 for the continued development of CRAiLAR® Flax fibre.

Our recently completed spinning trials using the CRAiLAR® Flax fibres, and the supply agreement allows Hanesbrands to pre-purchase CRAiLAR® Flax fibre for additional product testing.  The agreement calls for Hanesbrands to purchase up to $375 000 of CRAiLAR® Flax fibre between December 1, 2010 and early 2011.

Our CEO, Ken Barker, had this to say, “We are very excited to move to this next level in our commercialization plans.  Our partnership with Hanesbrands has proven to be a truly collaborative effort.  We believe this next step is a significant validation of our technology and we look forward to bringing CRAiLAR® Flax fibre to consumers in 2011.”

Hanesbrands is a leading marketer of everyday basic apparel under some of the world’s strongest apparel brands.  Mike Faircloth, Hanesbrands senior vice president of supply chain said,  “We are encouraged by our spinning tests with CRAiLAR® Flax fibre and believe that our continued investment in this process will accelerate development of the commercialization process.”

 

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Entry filed under: Business, Flax, Textiles. Tags: , , , .

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