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Hemp Fiber Enzyme Development Presentation from Hemptown Clothing Provides Insight Into Biotech Advances
Hemp Fiber Enzyme Development Presentation from Hemptown Clothing Provides Insight Into Biotech Advances
Published 07-29-04
Submitted by Hemptown Clothing Inc.
Hemptown recently announced that it entered into a collaboration with the NRC for the development of a patentable enzyme technology process that may see hemp fibers replace cotton worldwide. Dr. Wing Sung, Lead Researcher at the NRC, explained how similar technology has positively affected the Pulp & Paper Industry by reducing production costs as well as reducing chemical and waste discharges.
Hemp fiber is similar in its structure to wood pulp, and the NRC is working to build an enzyme specific to industrial hemp that will break down the sugar polymers in a matter of hours versus the conventional method which can take more than a month. This would pave the way for Hemptown to convert the raw hemp into textiles and industrial fiber on a large-scale basis at its planned fiber production facility in Saskatchewan, Canada, as well as allowing Hemptown to license out the patented technology to third parties.
Hemptown intends to develop a hemp fiber production facility in
Saskatchewan, Canada and purchase its hemp requirements from local suppliers, thereby creating a domestic industrial hemp agronomy. Eventually, the Company believes that it could compete directly with the Cotton Industry both in fabric quality and pricing.
Jason Finnis, President of Hemptown, commented, "Hemp fiber is the strongest and most durable among natural fibers; so strong that it is even being developed into products such as windmill blades and automobile panels. And hemp converts five times (5X) more Carbon Dioxide into biomass versus a tree without herbicides or pesticides, making it a profitable and truly socially responsible cash crop for farmers who are looking for alternatives."
Please visit http://www.hemptown.com for more information.
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Exchange Act of 1934 and the provisions of the Private Securities Litigation Reform Act of 1995 and is subject to safe harbor created by these sections. Actual results may differ materially due to a number of risks, including, but not limited to, technological and operational challenges, needs for additional capital, changes in consumer preferences, risks associated with: market acceptance and technological changes; dependence on manufacturing and material supplies providers; international operations; and competition.
