NAT Enters Into Development Agreement with Cintas Corporation
Today we are pleased to announce that we have entered into a short-term CRAiLAR® Flax fibre development agreement with Cintas Corporation beginning June 2011 to support evaluation of processing CRAiLAR flax fibre in corporate identity uniform programs.
“Cintas is the leading uniform brand in the U.S. and we are looking forward to supporting their manufacturing processes,” said Ken Barker, CEO of NAT. “This agreement is further validation that NAT promises a significant impact for global corporations from both a sustainability and performance standpoint. We look forward to showing Cintas how CRAiLAR can perform across its product categories.”
Based on previous testing, we expect CRAiLAR Flax fibre to deliver increased durability and longevity to the uniform market due to the tensile strength of CRAiLAR. In addition, CRAiLAR’s ability to wick moisture should provide users of Cintas uniforms a more comfortable uniform to wear in hot summer months.
Since March, we have announced a 10-year purchasing agreement with Hanesbrands, along with development agreements with Georgia-Pacific and Levi’s. Hanes represented the first commercialization agreement for our CRAiLAR flax fibre. We anticipate further marketing plans for Hanes to be announced later this year.
Headquartered in Cincinnati, Ohio, Cintas Corporation (NASDAQ: CTAS) provides highly specialized services to businesses of all types. Cintas designs, manufactures and implements corporate identity uniform programs, and provides entrance mats, restroom supplies, promotional products, first aid and safety products, fire protection services and document management services to approximately 800,000 businesses. Cintas is a publicly held company traded over the Nasdaq National Market under the symbol CTAS, and is a component of the Standard & Poor’s 500 Index.