Archive for December, 2010

Investor Update Conference

Don’t miss out on our most recent developments – join us today by phone at 2pm PST / 5pm EST for our Investor Update Conference Call .  NAT CEO, Ken Barker, will provide an update on recent corporate developments followed by a question and answer session.

To participate via telephone, please dial 800.967.7187, or +1 719.325.2418 for international callers, at least 10 minutes before the presentation start time.  The passcode is 7723359.

If you are unable to participate during the live call, the telephone replay will be available until midnight EST, December 16th by dialing 877.870.5176, or +1 858.384.5517 for international callers, and entering passcode 7723359.

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09/12/2010 at 6:00 am Leave a comment

Nike Paves the Way

In an effort to further industry sustainability efforts, NIKE Inc.released its Environmental Apparel Design Tool, based on Nike’s Considered Design Index.  The release of the tool aims to accelerate collaboration between companies, fast-track sustainable innovation and decrease the use of natural resources such as oil and water.

Designed and built by Nike over seven years, with a six million dollar investment, the software-based Environmental Apparel Design Tool helps designers to make real time choices that decrease the environmental impacts of their work.

Recognizing the decline of natural resources and the need to move to a low-carbon economy, the tool is a practical way to rate how apparel designs score in reducing waste and increasing the use of environmentally preferred materials while allowing the designers to make real time adjustments.

Nike is committed to open innovation and welcomes others building and improving on this tool.

“This tool is about making it simple for designers to make the most sustainable choices right at the start of the product creation process.  Over the past four years it has proved to be invaluable at Nike and has helped us create products with a higher sustainability standard,” said Hannah Jones, Vice President of Nike Sustainable Business and Innovation.

“By releasing the tool we want others to improve on it and we hope to inspire further collaboration to create global industry standards for a level playing field, encourage widespread industry adoption of sustainable design practices and have more sustainable products available for the consumer.”

In the last year alone, Nike doubled its use of recycled polyester,  saving 82 million plastic bottles from landfill.  If all apparel companies committed to converting one third of their polyester garments to recycled polyester, the demand for recycled polyester would be greater than the annual production of plastic bottles, diverting PET bottles from landfill.

“Nike’s decision to open-source this design tool is a win-win because it leverages important intellectual capital to benefit an entire industry,” said Mindy Lubber, president of Ceres, a leading coalition of investors and environmental groups that works with companies like Nike to address sustainability challenges.  “Whether for sneakers or cars, it is hugely important to integrate water, chemical, energy and waste considerations into all product design.  If all apparel companies use this tool, the impacts could be breathtaking, from less-clogged landfills to expanding our sustainable material industries.”

Mike Barry, Head of Sustainability for Marks & Spencer, who has worked closely with Nike for several years on sustainability issues, said:  “As a company committed to developing a sustainable business, we welcome this type of industry collaboration.  The Nike tool will help apparel companies and retailers design more sustainable product.  We firmly believe that sharing knowledge like this helps us all move towards a more sustainable future faster.”

These efforts come after Nike’s announcement earlier this year about the GreenXchange (GX), a Web-based marketplace where companies can collaborate and share intellectual property which can lead to new sustainability business models and innovation.  Nike committed to placing more than 400 patents on GX for research, demonstrating its belief that the best way to stimulate sustainable innovation is through open innovation.

07/12/2010 at 6:00 am Leave a comment

CRAiLAR® Flax Supply Agreement with Hanes

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.”

 

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

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