Kraig Biocraft Laboratories In Stock Price, News & Analysis

Kraig Biocraft Laboratories (OTCQB: KBLB) has reported major advancements at its Vietnam production facility, Prodigy Textiles. The company successfully completed its first complete genetic screening of fifth-generation silkworms, now fully transitioning screening technology to Vietnam. This achievement allows for a significant scalability increase in silk production, with targets projected to rise by 20-50 times current levels. Furthermore, the company will commence harvesting its onsite mulberry supply, critical for expanding spider silk analog fiber production.

Kraig Biocraft Laboratories (OTCQB: KBLB) has announced that the USPTO published two significant patent applications expanding its recombinant spider silk technologies. These applications, filed in July 2021, stem from provisional patents filed in July 2020. The first focuses on synthesizing high molecular weight spider silk proteins using Inteins, while the second explores co-producing non-fibrous proteins through sericin modification. This innovative approach could reduce production costs for therapeutic proteins and enhance commercial viability.

Kraig Biocraft Laboratories (KBLB) has announced the delivery of Dragon Silk yarn to Spydasilk Enterprises, a joint venture with Kings Golden Harvest. This collaboration aims to leverage the unique properties of spider silk for luxury streetwear and apparel. Spydasilk plans to transform Dragon Silk into premium fabrics for direct sales and retail distribution. The initial shipment will help develop the first product line, enhancing the Spydasilk brand. A formal launch of the Spydasilk website is anticipated soon, indicating a move towards commercialization.

Kraig Biocraft Laboratories (KBLB) has secured an additional $3 million funding agreement with Yorkville Advisors, bringing the total investment from Yorkville to $8 million. This funding enables the company to advance its strategic plans in spider silk commercialization, avoiding a previously anticipated reverse stock split. The COO emphasizes that these funds will be immediately used to enhance operations at Prodigy Textiles, focusing on key priorities including advanced research and development.

Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) announced the completion of its first Dragon Silk yarn produced entirely in Vietnam, marking a significant milestone for the company and its subsidiary Prodigy Textiles. This yarn was spun from raw spider silk at Prodigy’s facility in Quang Nam province, showcasing the company's integration into Vietnam's silk textile industry, which produced nearly 1,000 metric tons of silk in 2020. The yarn will be shipped to SpydaSilk Enterprises in Singapore for further processing into fabrics, with plans to meet backlogged material requests.

Kraig Biocraft Laboratories (OTCQB: KBLB) has announced a significant advancement in its production capabilities with the installation of new lab equipment at its Vietnam-based subsidiary, Prodigy Textiles. This advancement allows for onsite testing and screening of spider silk transgenic technologies, enabling a full transfer of genetic screening and selection operations. The new onsite lab aims to mitigate past delays caused by COVID-related shipping issues, allowing Prodigy to scale operations to maximum capacity more efficiently. This move is seen as a pivotal step towards building a completely autonomous production operation.

Kraig Biocraft Laboratories (KBLB) announced in a recent shareholder letter that it is entering 2022 in a strong financial position. CEO Kim Thompson highlighted advancements in production and commercialization of spider silk-based fibers. Key developments include the introduction of automation in their Vietnamese subsidiary, Prodigy Textiles, and the establishment of a new onsite laboratory. These enhancements are set to improve production capacity and quality control, paving the way for fulfilling a backlog of material requests. A recent $5 million investment also positions KBLB for potential institutional funding in the upcoming year.

Kraig Biocraft Laboratories (OTCQB: KBLB) announces that its spider silk technology was featured on the BBC Earth series “Inspired By Nature.” The episode highlights the company’s advancements in genetically engineered spider silk fibers, renowned for their strength and applicability in various industries. COO Jon Rice emphasized that the company’s approach is to replicate natural processes rather than reinventing them. Viewers can see clips on BBC Earth’s Facebook page and find more details on Kraig Labs’ website.

Kraig Biocraft Laboratories is expanding its production capabilities in Vietnam by planting several acres of mulberry trees at its spider silk production campus. This initiative aims to overcome supply challenges during winter months and minimize high costs associated with mulberry procurement. The company will still collaborate with local cooperatives for summer supply but anticipates that onsite production will streamline its operations and ensure quality control. The January installation of new lab equipment will enhance its production capacity, positioning Kraig Labs as a leader in sustainable spider silk fiber production.