April 11, 2018 06:05 AM Eastern Daylight Time
New larger Hybrid Cocoons provide production excitement
ANN ARBOR, Mich.–(BUSINESS WIRE)–Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, announces follow up to its recently introduced new Hybrid Spider Silk Silkworm Cocoons, which were produced at the Company’s new research and development facility.
Development for the new hybrid was completed in-house, at Kraig Labs R&D facility using its Dragon Silk colony silkworms and a commercial mundane silkworm strain, which resulted in an estimated 100% increase in cocoon weight, compared to the cocoons that the Company was producing just four months ago in Indiana.
The Company understood that silkworms have been producing mundane silk for thousands of years and, that by employing the existing sericulture infrastructure, as well as expertise and traditions, it can cost effectively scale-up its transgenic spider silk silkworm production. According to Kraig Labs’ data, the Company should be able to commercialize some of the toughest natural fibers for almost the same cost as normal everyday silk.
Eight countries produce the majority of world’s silk today, all of which have the resources and expertise to bring the Company’s fibers to market through mass production. These countries have the potential to play a part in expanding Kraig Labs’ production footprint.
The Company believes that the new hybrid cocoons, along with its first recombinant spider silk producing silkworms and the development of Dragon Silk, are among the biggest sericulture breakthroughs in modern history. As such, it’s important that the host countries respect Intellectual Property. This is one of the reasons that Kraig Labs is looking at the potential of launching production in Vietnam.
“When I originally set out on the journey to mass produce spider silk, I knew that there were multiple production platform options. Each of the obvious production platforms had serious shortcomings, including most importantly, an inability to produce spider silk at an acceptable price point. I focused on inserting silkworms with the relevant gene sequence because silkworms have proven to be economically efficient and commercially viable natural silk producers. In my opinion, silkworm remains the only economically viable platform,” stated Kim Thompson, Kraig Labs’ CEO and Founder. “Kraig Labs’ R&D facility is a powerful tool to help us achieve optimum fiber and business performance,” Thompson concluded.
The activity in our industry has recently increased dramatically; most notably, multiple companies reportedly having raised over $300 million in combined funding to produce synthetic silks, which require chemicals and other steps to create their product. While these companies have interesting technological approaches, we believe, they lack the cost effectiveness of our silkworm-based technology. In our opinion, those approaches have no real way to commercialize spider silk in a way that takes advantage of the properties that make spider silk special, or at price points that are competitive with mundane silk.
“Our production optimization initiatives are vital steps in the drive towards cost structure optimization and our new cocoons have shown us that even the most efficient fiber making process that exists in the world today, can be improved. A 100% increase in cocoon size from our existing products without any increased labor is a substantial win for our shareholders,” said Jon Rice, Kraig Labs’ COO.
We have posted our cost analysis on the existing market, and believe it confirms our ability to lead in this space, and why our excitement is growing to begin our first large scale production. For further details concerning Kraig Labs’ cost advantages and comparative analysis, please go to www.kraiglabs.com/comparison.
The Company is updating production plans and will update the shareholders and other interested parties when appropriate.
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 fully 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.
Connect with 24/7 Market News on social media: https://twitter.com/247MarketNewsHQ
https://www.facebook.com/247MarketNewsHQ/
About 24/7 Market News
RelatedNews
As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN provides comprehensive corporate communications resources and tools to engage the investment community.
For further information on 24/7 Market News, please go to www.247marketnews.com
CONTACT:
24/7 Market News
[email protected]
Disclaimer
IMPORTANT PUBLISHER NOTICE AND DISCLOSURE: The featured company (the “Company”) profile in our featured magazine is paid advertising and does not purport to provide an analysis of the Company’s financial position, operations, or prospects. PUBLISHER or its affiliates have received shares as compensation, and will sell their shares anytime of their choosing, often to cover expenses related to the marketing of the magazine to interested readers. The 24/7 Market News editor and 24/7 Market News Inc. has been contracted by the Company’s IR rep KMK, for purchasing digital media for this publication. The editor also owns three million shares of stock which will be sold over the coming months as market conditions and news allow. Company expenses related to media purchases (up to twenty-five thousand dollars per month) will be spent on an ongoing basis, this payment and trading in the stock should be viewed as biased and a conflict of interest. PUBLISHER bases its profiles on the Company’s business plans, projections and public corporate information and there is no guarantee the Company will reach its projections. Companies traded on the Over-the-Counter Market are considered extremely high-risk investments and you should not invest in any Over-the-Counter company UNLESS YOU CAN AFFORD TO LOSE YOUR ENTIRE INVESTMENT. PUBLISHER makes no warranties as to the accuracy of any of the content contained herein and accepts no liability for how readers may choose to utilize the content. Readers should perform their own due diligence, including reviewing the Company’s filings at www.sec.gov and consult with a licensed, qualified investment professional or analyst. The information contained herein contains forward-looking information within the meaning of Section 27a of the Securities act of 1993, as amended, and Section 21e of the Securities Exchange act of 1934, as amended, including statements regarding expected growth of the featured company. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act, PUBLISHER notes that statements contained herein that look forward in time, which include everything other than historical information; involve risks and uncertainties that may affect the Company’s actual results of operations. Factors that would cause actual results to differ include the size and growth of the market, the Company’s ability to fund its capital requirements in the near term and long term; pricing pressures, and market conditions. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals assumptions or future events or performance are forward-looking. The words or phrases “would be,” “will allow,” “intends to,” “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” “anticipate”, or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made, are based on certain assumptions and expectations which may or may not be valid or actually occur, and which involve various risks and uncertainties. This report was written in reliance upon Information provided by the featured company. Although the PUBLISHER believes the information to be reliable, there is no guarantee of accuracy or completeness. The PUBLISHER has selected the information contained in the newsletter to present the Company in a favorable light. While the PUBLISHER has featured many winners over the years it has also featured companies that have lost value. This is a high risk high reward market. Accordingly, the PUBLISHER does not represent that this newsletter contains all of the material information required for an informed investment decision or that material facts have not been omitted. At any time if you are interested in an investment in one of the featured companies, the PUBLISHER recommends that you make independent verification of the information by contacting the Company. The PUBLISHER is engaged in the business of publishing Magazines about various small, developing companies seeking market recognition, usually as a step in obtaining needed financing. The PUBLISHER has criteria for selecting the companies for which it provides its services. However, the PUBLISHER does not perform an independent investigation to verify facts, as we are not a private investigation firm; we rely on the public statements made by the featured companies. While the PUBLISHER is looking for companies that have reliable public information, it is not a guarantee that it will be able to avoid scams or frauds. It relies on the companies’ officers, directors and counsel to be honest. Accordingly, the publication of a Magazine is not intended to imply that the PUBLISHER has selected any company for which it publishes a newsletter as having superior qualifications, better prospects, stronger management, greater financial strength, or other basis for being selected, rather the selected company exhibits qualities that the PUBLISHER believes are compelling.