24/7 Market News Breaking News Alert


Notice: Republished due to missing disclaimer in previous press release

Kraig Biocraft Laboratories Successfully Produces Recombinant Spider Silk Cocoons from New Line of Hybrid Silkworms

ANN ARBOR, Mich., – April 3, 2018- Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, today announced that the Company has successfully produced the first recombinant spider silk cocoons from the new line of hybrid transgenic silkworms recently created at its Michigan production and research facility. This new hybrid line was created by combining one of the Company’s best performing recombinant spider silk lines with a commercial strain, resulting in the largest cocoons in the Company’s history. (For the full press release, please go to http://www.kraiglabs.com/kraig-biocraft-laboratories-successfully-produces-recombinant-spider-silk-cocoons-from-new-line-of-hybrid-silkworms/)

The first generation cocoons from this hybrid cross have exceeded the Company’s expectations with some cocoons nearly twice as large as the original spider silk line cocoons. These larger cocoons reduce operating and handling costs throughout the production process and yield longer silk threads. Mechanical performance testing of this new hybrid spider silk line is expected to begin shortly.

“Crossing our recombinant spider silk silkworm lines with larger traditional silkworm lines is an element of both our research roadmap and commercialization plans. The results we’ve seen from this first crossing confirm the benefits of those strategies,” said Jon Rice, COO. “The size of these new hybrids is beyond what we expected in a first generation hybrid and we are very interested to see how performance testing results compare to the original silkworm lines. We anticipate creating many additional hybrids, over the coming quarters, combining the performance of our spider silk lines with these larger commercial strains. We expect these efforts will increase our production efficiency and lower our cost to produce recombinant spider silk.”

Facebook to Announce First Quarter 2018 Results

MENLO PARK, Calif., April 2, 2018 /PRNewswire/ — Facebook, Inc. (NASDAQ: FB) announced today that the company’s first quarter 2018 financial results will be released after market close on Wednesday, April 25, 2018.

Facebook will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the call can be accessed at the Facebook Investor Relations website at investor.fb.com, along with the company’s earnings press release, financial tables, and slide presentation.

Following the call, a replay will be available at the same website. A telephonic replay will be available for one week following the conference call at 404.537.3406 or 855.859.2056, Conference ID: 6068418.

(For the full press release, please go to http://www.prnewswire.com/news-releases/facebook-to-announce-first-quarter-2018-results-300622660.html)

Alibaba to Acquire Full Ownership of China Online Delivery Platform Ele.me

Acquisition will leverage Ele.me’s delivery force to boost Alibaba’s New Retail initiative in local services

Apr 1, 2018 11:13 p.m. ET Alibaba Group Holding Limited (NYSE: BABA) announced today that the company will acquire all outstanding shares that it does not already own in Ele.me, a leading online delivery and local services platform in China, in a transaction that implies the enterprise value of Ele.me at US$9.5 billion. Alibaba and its affiliate Ant Small and Micro Financial Services Group Co., Ltd. currently own approximately 43% of the outstanding voting shares of Ele.me.

This acquisition will deepen Ele.me’s integration into Alibaba’s ecosystem and advance Alibaba’s New Retail strategy to provide a seamless online and offline consumer experience in the local services sector.

(For the full press release, please go to https://www.businesswire.com/news/home/20180401005041/en/Alibaba-Acquire-Full-Ownership-China-Online-Delivery)

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