Plans to add nearly 2,500 acres of mulberry to support commercialization scale of up of the Company’s recombinant spider silk technology
ANN ARBOR, Mich., – June 26, 2018 – Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers announces today that the Company’s representatives in Quang Nam province, Vietnam are working, in collaboration with a local cooperative, to expand mulberry production. This effort is a major element of the Company’s production expansion plans and marks a significant increase in capacity.
News of this collaboration was recently published in a leading Vietnamese digital media outlet, which highlights the efforts to focus on high technology agriculture and re-energize the Vietnamese share of the multi-billion dollar sericulture industry. Expanding mulberry production in Quang Nam, by nearly 2,500 acres, is a powerful step to increasing total silk production and a key component of the Company’s plan to bring its spider silk technology to market.
“Collaboration with local farmers and workers, leveraging their expertise and knowledge, is core to our production scale up efforts,” said Jon Rice COO. “This effort highlights the complementary efforts that we are taking, in combination with the leadership in Quang Nam, to restore their traditional sericulture industry, by blending in new high technology agriculture. This continued collaboration will play a key part in the exciting growth potential we’re seeing with our expansion in Vietnam and the market for affordable spider silk materials.”
Original Source Article
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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.
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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