Joe Cunning Joins Kraig Biocraft Laboratories Business Advisory Board
Kraig Adds Renowned Textile Expert and Former DuPont Textiles Research Director to Its Advisory Board
LANSING, MI, Jan 24, 2011 -- Kraig Biocraft Laboratories, Inc. (PINKSHEETS: KBLB) announced today that Dr. Joe Cunning, a leading figure in the textile industry and member of the Textile Institute's governing board, with 45 years of experience in the fibers, textile and apparel industry, has joined the Company's Board of Advisors.
For the last 20 years Dr. Cunning has been the President of Cunning & Associates, Ltd., a leading textile industry consulting firm. He also completed a highly successful 28 year career at DuPont, where he headed the pioneering research laboratory in Wilmington, and was in charge of worldwide research on all fiber types. His manufacturing experience included worldwide responsibility for non-woven products, as well as polyester filament and staple fibers.
Dr. Cunning was awarded the Textile Institute's Medal for outstanding contribution to the industry in 2000 and in 2010 he was presented with the Textile Institute's Companion Membership award, as one of fifty living persons who have made a significant impact on the textile industry.
In addition to his work on various corporate boards, Dr. Cunning served on the governing boards of the Fiber Society, vice-president of the Textile Institute, the Technical Advisory Committee, and on the board of governors of the Iowa State University Foundation. In 1992, Cunning was named the National Textile Center's (a research consortium of eight universities) first Executive Director, a post he held for 12 years.
"Dr Cunning brings a wealth of knowledge and textile industry expertise, which is exactly what we need as we move to commercialize our laboratory discoveries," said Kraig Biocraft Laboratories founder and CEO, Kim K. Thompson. "He is highly respected by the industry leaders, which I believe will be instrumental as we seek new opportunities and partnerships."
"Joe's Textile Institute Companion Membership induction is a testament to his remarkable textile industry accomplishments and his innovative leadership record. We are fortunate to attract someone with his level of expertise, and talent, for his new role with the Company."
Kraig Biocraft Laboratories is a fully reporting biotechnology company that recently achieved a series of scientific breakthroughs, with implications for the global textile industry. For further information, including videos, which outline the commercial potential that has garnered attention of many scientific and trade journals, please visit www.KraigLabs.com .
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," "hopes," "develops," "researching," "research," "potential," "implications," "could" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals should all be considered forward-looking statements. 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. Management cautions that its ability to further its research, and create commercially-viable products may be affected by the competitive environment, the Company's financial condition and its ability to raise sufficient capital to meet the financial obligations of its business plan and to fund its continuing operations.
Contact: Ben Hansel (720) 288-8495