Kraig Biocraft Laboratories Creates Second Generation of Recombinant Spider Silk Silkworms at New Production Headquarters

Rhea-AI Summary

Kraig Biocraft Laboratories (OTCQB: KBLB) has commenced the second generation of silkworm rearing at its new production facility for its Vietnamese subsidiary, Prodigy Textiles. Following a successful first batch in August, the new site improves access to mulberry supplies, reducing production costs. The easing of Covid-19 restrictions is facilitating the construction of finished goods, allowing Kraig Labs to expand its production of customized fabric blends for its Spydasilk brand. The company's initiatives aim to revolutionize global silk markets.

Positive

• Successful completion of the first batch of specialized silkworms in August.
• New facility enhances access to raw materials and reduces production costs.
• Eased Covid-19 restrictions facilitating construction of finished goods.

Negative

• None.

Follows Prodigy’s successful First Batch at New Facility in August

ANN ARBOR, Mich., Sept. 08, 2021 (GLOBE NEWSWIRE) -- Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“the Company” or “Kraig Labs”), the leading developer of spider silk-based fibers, announces that it is now rearing the second generation of silkworms at the new production headquarters for Prodigy Textiles (“Prodigy”), the Company’s Vietnamese subsidiary.  

Prodigy successfully completed rearing the first batch of the Company’s specialized silkworms at its new production headquarters in August. Kraig Labs recently moved its Vietnam-based production operations to a new facility located in the heart of agriculture in Vietnam. When originally built, this facility was specifically designed for silkworm rearing and silk production. The Company’s factory is now closer to the farms and fields where Prodigy’s mulberry is harvested, providing greater access to raw materials and reducing production costs.

“I could not be more impressed with our team in Vietnam and the unwavering dedication to making Prodigy and Kraig Labs an undeniable success,” said COO Jon Rice. “Having seamlessly completed the move to the new facility and with the kick-off of the second generation of production there, we are well on the way to revolutionizing the global silk markets.”

The current easing of Covid-19 restrictions, in parts of Vietnam, has allowed the Company to move forward with the construction of finished goods. Kraig Labs is now accelerating the production and evaluation of custom-designed fabric blends for its Spydasilk brand.

To view the most recent news from Kraig Labs and/or to sign up for Company alerts, please go to www.KraigLabs.com/news   

About Kraig Biocraft Laboratories, Inc.

Kraig Biocraft Laboratories, Inc. (www.KraigLabs.com), a reporting biotechnology company is the leading developer of genetically engineered spider silk based fiber technologies.

The Company has achieved a series of scientific breakthroughs in the area of spider silk technology with implications for the global textile industry.

Cautionary Statement Regarding Forward Looking Information

Statements in this press release about the Company’s future and expectations other than historical facts are “forward-looking statements.” These statements are made on the basis of management’s current views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as “believes,” “plans,” “expects,” “anticipates,” “foresees,” “estimated,” “hopes,” “if,” “develops,” “researching,” “research,” “pilot,” “potential,” “could” or other words or phrases of similar import. Forward looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.

Ben Hansel, Hansel Capital, LLC
(720) 288-8495
ir@KraigLabs.com

FAQ

What is the latest milestone for Kraig Biocraft Laboratories (KBLB) in September 2021?

Kraig Biocraft Laboratories began the second generation of silkworm rearing at its new production facility, following a successful first batch in August.

How has the Covid-19 situation impacted Kraig Labs' operations?

The easing of Covid-19 restrictions in Vietnam has allowed Kraig Labs to proceed with the construction of finished goods.

What advancements have been made in the Prodigy Textiles subsidiary?

Prodigy Textiles has successfully moved its operations to a new facility designed for silkworm rearing and silk production, improving raw material access.