Kraig Biocraft Laboratories Signs Pivotal Agreement to Import and Rear Silkworms in Vietnam

ANN ARBOR, Mich., – November 20, 2018 –Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, announces today that it signed a key memorandum of understanding with the Institute of Biotechnology – Vietnam Academy of Science and Technology (“IoB-VAST”) and the Vietnam Sericulture Research Centre (“VSRC”) to import and rear its transgenic silkworms in Vietnam.  This pivotal agreement provides a location, skilled workers, security, and necessary oversight, for the Company to import and begin testing its first batch of recombinant spider silk silkworm eggs in Vietnam.    

Under this agreement, the VSRC will provide professional manpower for hatching, caring and nurturing of the silkworms, while IoB-VAST will provide a secure location to receive, store, and preserve the Company’s transgenic silkworms, in accordance with Vietnam’s regulations. 

The previously reported authorizations, from key Vietnamese central government ministries, established guidelines for the importation of the Company’s transgenic silkworms.  In addition to leveraging the expertise and capacities of IoB-VAST and VSRC, this agreement provides the structure and regulatory compliance to address those regulatory requirements. 

The Company is now preparing to send key team members, including production staff, to accompany the first batch of transgenic silkworm eggs, on their trip from Kraig Labs’ US headquarters to Vietnam. 

“We’re honored to work with the Institute of Biotechnology and the Vietnam Sericulture Research Center, undertaking work that we believe will revolutionize silk production and make significant impacts on consumer products,” said, CEO and Founder, Kim Thompson.

To view the most recent edition of Kraig’s Spider Sense quarterly newsletter and/or to sign up for Company alerts, please go to www.KraigLabs.com/newsletter   

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

 

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Kraig Biocraft Laboratories begins scale up of second generation Dragon Silk

ANN ARBOR, Mich., – November 7, 2018 –Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, announces today that it has begun the scale up of its recently announced second generation Dragon Silk. 

Consistent with the Company’s history of creating performance driven recombinant spider silk, this new material was specially designed at Kraig Labs’ Michigan research headquarters for application in protective textiles, where increased strength and decreased flexibility are expected to provide improved protection. 

Scale up of Dragon Silk 2.0 is well underway, with the production team already raising tens of thousands of the new transgenic silkworms at the Company’s US based pilot production facility.  Over the next 30 days, Kraig Labs anticipates scaling up production volumes of this new silkworm strain into the millions, as it prepares to create the first silk threads and fabrics made of this next generation recombinant spider silk.

Further, the Company is laying the groundwork to partner with experts in multicomponent thread design and spinning, to develop new specialty threads blending the performance spider silk with other traditional materials.  This work is expected to develop threads and fabrics focused specifically on products for the performance wear and other closely linked market segments.

“The ability to rapidly scale up this newly announced material, from initial testing to pilot scale production, is a major differentiator in our approach, which utilizes silkworms and the existing global silk infrastructure,” said COO, Jon Rice.  “The current global infrastructure, equipment and skilled labor, is able to produce more than 150,000 metric tons of conventional silk per year. Our recombinant spider silk silkworm technology is a direct drop-in replacement for traditional silkworms and allows us to move quickly, with minimal investment, to bring new products to market.”

Future scale up of Dragon Silk 2.0, as well as the Company’s other lines of recombinant spider silk silkworms, is expected to be transferred to the Company’s subsidiary Prodigy Textiles and its operations in Vietnam, while the Company’s US facility remains focused on the development of next generation materials. 

To view the most recent edition of Kraig’s Spider Sense quarterly newsletter and/or to sign up for Company alerts, please go to www.KraigLabs.com/newsletter   

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

 

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Kraig Biocraft Laboratories selects new high performance recombinant spider silk for delivery to US ARMY

ANN ARBOR, Mich., – October 30, 2018 –Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, announces today that, working under its contract with the US ARMY (“Army”), it developed a strain of genetically engineered silkworms that better match the physical properties required for applications in protective textiles. 

Tentatively called Dragon Silk 2.0; this new strain is the next evolution in the development of protective fibers, built upon the Company’s existing Dragon Silk, and is a further example of the Company’s ability to adapt and tailor the properties of its recombinant spider silk materials to meet end market performance requirements.  Through the use of its fiber performance testing capabilities, paired with a select breeding program, the Company created a strain that is stronger, yet less elastic, than the original Dragon Silk.

Specifically created in response to input from the Army, based on requirements for antiballistic applications, this new strain of recombinant spider silk silkworms is the second phase of the Company’s development agreement with the Army.  Kraig Labs delivered shootpack panels to the Army, earlier this summer, made of its original Dragon Silk material and those panels are awaiting testing.

“When the Army chose to award the second phase of this project we knew that we were given a great opportunity to prove the power of our technology and our approach using silkworms,” said COO, Jon Rice.  “Today we’re thrilled to announce that our work was a success and that we now have a line of silkworms that produce a recombinant spider silk better matched for the demands of protective textile applications.  We expect this new strain will play a critical role in our expansion and commercialization of spider silk far beyond the market for bullet proof vests.”   

Over the next several months Kraig Labs plans to scale up the production of this new recombinant spider silk fiber at the Company’s domestic facility, in order to fulfil the second phase deliverables to the Army.

To view the most recent edition of Kraig’s Spider Sense quarterly newsletter and/or to sign up for Company alerts, please go to www.KraigLabs.com/newsletter   

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

 

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Kraig Biocraft Laboratories prepares for shipment of recombinant spider silk silkworm eggs to Vietnam

The Company expects to begin producing silk in fourth quarter

ANN ARBOR, Mich., – October 9, 2018 –Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, announces today that it is finalizing the details of its first shipment of the Company’s proprietary recombinant spider silk silkworm eggs to Vietnam.  The Company is coordinating the details of this shipment with senior officials within key central Vietnamese government ministries, as well as senior leadership within Quang Nam province. 

Kraig Labs will be working, in cooperation with leading sericulture experts in Vietnam, to demonstrate the performance and capabilities of the Company’s uniquely developed silkworms, as it moves to expand the production of its recombinant spider silk from pilot to full scale production.

“This shipment is a pivotal moment for Kraig Labs and a breakthrough in the commercialization of spider silk,” said the Company’s COO, Jon Rice.  “The Company and our team of consultants in Vietnam, led by Mr. Ken Le, have worked tirelessly to make this shipment possible.  Due to the unique nature of this project, we have had to work hand-in-hand with government officials in Vietnam to develop the required regulations and protocols.  With all of the approvals in place, we are excited to be finalizing this first shipment, as we kick off the next phase of commercializing our spider silk technology.”

The Company expects to have all of the required documentation for this shipment completed within the next two to three weeks and expects to be raising its silkworms in Vietnam in the fourth quarter. 

To view the most recent edition of Kraig’s Spider Sense quarterly newsletter and/or to sign up for Company alerts, please go to www.KraigLabs.com/newsletter   

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

 

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Kraig Biocraft Laboratories accelerates development of new recombinant Spider Silk Fibers

ANN ARBOR, Mich., – September 18, 2018 – Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers announces today that it has implemented two major advancements in the development of next generation recombinant spider silk fibers. 

These advancements are the result of new equipment and recently employed protocols, at the Company’s R&D headquarters, based in Michigan.  These new approaches build on the existing protocols, but allow the Company to increase processing efficiency significantly.  The Company expects to see higher throughput as this approach should result in shorter times to generate new transgenics.  What previously took an entire day to complete can now be done in a matter of minutes.

The Company expects that, with these new methods, it will be able to drastically accelerate the pace of development for next generation recombinant spider silk fibers and technologies, but does not affect the opening of the Company’s aggressive production operations through its Vietnamese subsidiary, Prodigy Textiles.  The Company expects to provide an update on its progress at Prodigy Textiles in the near future.

 “As we continue to make significant progress commercializing and scaling production of our existing recombinant spider silk offerings, our research team, led by Dr. Trevor Kane, remains focused on the creation of the next evolution of high performance spider silk materials,” said COO, Jon Rice.  “The new processes and equipment implemented today play a key role in that work, allowing for major increases in throughput and what we expect to be faster development cycles.”

To view the most recent edition of Kraig’s Spider Sense quarterly newsletter and/or to sign up for Company alerts, please go to www.KraigLabs.com/newsletter   

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

 

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Kraig Biocraft Laboratories delivers ballistic shootpack panels to U.S. Army

ANN ARBOR, Mich., – August 20, 2018 – Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, announces today that it has delivered ballistic shootpack panels to the U.S. Army made from the Company’s proprietary Dragon Silk™ material.  These panels will be evaluated for effectiveness in stopping bullets, in an effort to provide our Warfighters with a lighter and more comfortable alternative to conventional protective apparel.

Dragon Silk is a genetically engineered spider silk which mimics the strength and toughness found in native spider silk, but which can be produced at large quantities through the Company’s specially developed silkworms.  These specially engineered silkworms were developed to be a direct drop-in replacement into the traditional silk production infrastructure which produces more than 150,000 metric tons of silk per year.  This approach of adapting the existing production infrastructure is the key differentiator between the Company and others working to produce spider silk materials.

Unlike traditional synthetic materials such as Ultra High Molecular Weight (UHMW) polymers or aramids, which are very stiff, spider silk is extremely flexible, making it more comfortable and providing higher mobility and movement for the wearer.  Spider silk is also biocompatible, making it ideal for skin contact applications, and biodegradable, reducing the environmental burden of the current synthetic materials

“After years of research and investment, developing this ground breaking technology, we are very excited to now see it in the hands of the U.S. Army,” stated Jon Rice, COO.  “For me, personally, and for the Company, the opportunity to help protect the brave men and women whom dedicate themselves to our protection is a great honor.”

The Company continues to develop the next generation of high performance recombinant spider silk materials under the exercised contract option period authorized in 2017 and is currently in the process of opening a production facility in Vietnam to significantly expand its production capacity of Dragon Silk and its many other recombinant spider silk offerings.

To view the most recent edition of Kraig’s Spider Sense quarterly newsletter and/or to sign up for Company alerts, please go to www.KraigLabs.com/newsletter   

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

 

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Kraig Biocraft Laboratories reports Farming Cooperatives break ground in Vietnam

ANN ARBOR, Mich., – July 31, 2018 – Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers announces today that work has begun under the collaborative agreement signed between the Company and several farming cooperatives in Quang Nam Province, Vietnam.  As part of the agreement reported earlier this month, these farming cooperatives have now begun planting mulberry.  This mulberry is the key input for the Company’s newly formed subsidiary, Prodigy Textiles, its proprietary hybrid silkworms, and the commercialization of the Company’s recombinant spider silk materials.

Silkworms are voracious eaters, consuming more than 100 kilograms of mulberry leaves for every kilogram of finished silk produced.  For this reason, transportation logistics and local sourcing of mulberry are core to the Company’s strategic plan.  Under these agreements the Company expects that as many as 2,500 hectares (~6177 acres) of mulberry will be planted near the Company’s new factory, supporting Prodigy Textiles spider silk production for several years to come.

“Planting these mulberry fields means that we now able to support rearing our hybrid silkworms at Prodigy Textiles,” said Jon Rice, COO.  “Access to large quantities of fresh mulberry is a core piece of our production growth strategy and was a key element of our decision to select Vietnam for commercializing our spider silk technology.  The local farming cooperatives have the existing capacity to meet Prodigy’s mulberry needs over the coming months.  These additional plantings provide us with the confidence that we will be able to maitain our scale up plans for years to come, while also providing these farmers with sustaining and reliable income.” 

To view the most recent edition of Kraig’s Spider Sense quarterly newsletter and/or to sign up for Company alerts, please go to www.KraigLabs.com/newsletter   

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

 

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Kraig Biocraft Laboratories accelerates its Spider Silk production ramp up, the result of recent meetings with Senior Vietnamese and US Embassy officials

ANN ARBOR, Mich., – July 24, 2018 – Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, announces today that Jon Rice, the Company’s COO, held meetings with senior Vietnamese officials, in Quang Nam, and US government officials, at the US Embassy, in Hanoi, Vietnam, to advance its production ramp-up plan for Prodigy Textiles Co., Ltd. 

The Company has already received its business license for Prodigy Textiles and its investment authorization for up to $2.2 million, to fund the first phase of its spider silk commercialization scale up efforts in Quang Nam.  This approved first phase includes the importation of the Company’s hybrid silkworms and production of Prodigy Textiles’ unique high performance silk.

During the meeting with officials in Quang Nam, the Company requested an acceleration of the project schedule, including authorization and the investment license for the second phase of operations, with a total investment cap of up to $50 million.  The second phase of the Company’s investment plan includes the development of a 50 hectare parcel of land and the construction of a new dedicated factory, designed to support the Company’s five year expected recombinant spider silk production output needs.  The Company has already begun to work with a local architectural firm to develop the plans for this unprecedented facility and spider silk production complex.

“Our meetings in Vietnam were highly productive. Working with officials in Quang Nam, our team of consultants, and US government staff in Hanoi, we have establish a clear plan and roadmap to accelerating our efforts to bring affordable spider silk to the global market,” stated Jon Rice, COO.  “The first phase of this effort is underway now and, based on our recent meeting, we hope to have authorization for the expanded phase two effort well ahead of our initial schedule.”

To view the most recent edition of Kraig’s Spider Sense quarterly newsletter and/or to sign up for Company alerts, please go to www.KraigLabs.com/newsletter   

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

 

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Kraig Biocraft Laboratories subsidiary Prodigy Textiles signs agreements for mulberry production

ANN ARBOR, Mich., – July 12, 2018 – Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers announces today that its subsidiary Prodigy Textiles has signed three agreements with local farming cooperatives in Quang Nam province, Vietnam.  Under these agreements the farmers will produce the mulberry necessary to support the Company’s recombinant spider silk production. 

This collaboration with local farmers is a key element of Kraig Labs commercialization strategy, integrating advancements in high tech agriculture and a diverse supply base with the Company’s ground breaking spider silk production technology.

 “The strength of our approach in creating cost effective and commerciality scalable spider silk has always been based on the use of the existing silk infrastructure,” said Jon Rice, COO.  “Today’s announcement, that we are developing collaborative relationships with these farming cooperatives, is a perfect example of that strategy put into action.  These efforts will provide us with sufficient mulberry to meet our production expansion plans for the next several years.  In the coming months we expect to expand this model of collaboration by incorporating efforts with downstream processors such as reeling and thread finishing.” 

Prodigy Textiles Co. Ltd., signed three memorandums of understanding with independent farming cooperatives at a signing ceremony held at its recently announced new facility in Quang Nam province. 

The Company wishes to offer special thanks to its team of consultants who have put in considerable effort to assist us on this endeavor.  Leading this project was Mr. Kenneth Le, whose dedication, resourcefulness, and business acumen has been instrumental in our ability to conduct business on the other side of the globe.  Mr. Le has played a critical role in supporting scaling up the Company’s spider silk technology beyond the laboratory and with eyes towards the global textile markets.

“Mr. Le has demonstrated an incredible dedication to advancing this technology,” said CEO and Founder Kim Thompson.  “He has been generous with his time while proving unmatched knowledge of international business and an ability to conduct business in Southeast Asia.  Beyond the Company’s appreciation, I would like to personally thank Ken for his sage advice, his honesty, and his guidance throughout this process.  Together, we continue to break new ground in the commercialization of spider silk.”

To view the most recent edition of Kraig’s Spider Sense newsletter and/or to sign up for Company alerts, please go to www.KraigLabs.com/newsletter   

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

 

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Kraig Biocraft Laboratories celebrates the opening of Prodigy Textiles Co. Ltd., facility in Quang Nam, Vietnam

ANN ARBOR, Mich., – July 10, 2018 – Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers announces that, during its trip to Vietnam last week, the Company celebrated the grand opening of Prodigy Textiles new facility in Quang Nam province.  This facility will have the capacity, utilities, and security to support the planned capacity growth in Vietnam through the first phase of operations and will be the launch pad for future expansion on a pre-designated 50 hectare parcel of land located nearby.

Working in partnership with its consultants in Vietnam, the Company reviewed numerous buildings and locations throughout the province.  The Company ultimately selecting this facility due to its proximity to mulberry production, building layout, condition, utilities, and its proximity to shipping ports and the Company’s planned 50 hectare future campus.

The opening celebration was attended by officials from the province and local district, as well as leaders from the farming cooperatives that will provide mulberry and senior banking officials.

“Having now seen the new facility first hand I am confident that we will soon have a thriving operation up and running,” said Jon Rice, COO.  “We are now in the process of getting the final building updates outlined and completed so that it will be ready to receive the first shipment of our silkworms.  Our team in Vietnam continues to put in an incredible amount of effort to bring this ground breaking project to reality.”

To view the most recent edition of Kraig’s Spider Sense newsletter and/or to sign up for Company alerts, please go to www.KraigLabs.com/newsletter   

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

 

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