247MarketNews.com News Briefs and Commentary
The market is trying to climb out of this morning’s deep red open and among today’s headlines are the following.
Kraig Biocraft Laboratories’ new R&D Facility extends its competitive advantages and prepares for large scale production
New larger Hybrid Cocoons provide production excitement
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 every day silk. (Link to full announcement: https://www.businesswire.com/news/home/20180411005327/en/Kraig-Biocraft-Laboratories%E2%80%99-New-Facility-Extends-Competitive)
Mark Zuckerberg’s second day on Capitol Hill
Facebook’s (NASDAQ: FB) CEO Mark Zuckerberg is set to testify a second day before the Senate Committee on the Judiciary and Committee on Commerce, Science, and Transportation. Yesterday’s two biggest revelations were that Zuckerberg plans to always offer a free version of the social media platform, yet seemingly opening the door for rolling out a paid version, and Facebook plans on using artificial intelligence tools in the next “5 to 10 years” to monitor and ban hate speech on the platform, but what constitutes hate speech remain hazy.
Caldwell Cassady & Curry Helps VirnetX Win $502.6 Million Verdict Against Apple
Dallas law firm wins another patent infringement trial for VirnetX
The Dallas-based intellectual property and business litigation law firm Caldwell Cassady & Curry has won a unanimous $502.6 million patent infringement verdict for Nevada-based VirnetX Inc. (NYSEAMERICAN: VHC) against Apple Inc. (NASDAQ: AAPL) in the U.S. District Court for the Eastern District of Texas, Tyler Division.
The 8-0 verdict handed down April 10 by a jury of five women and three men followed roughly three hours of deliberations. The seven-day trial focused on four VirnetX patents (U.S. Patent Nos. 6,502,135; 7,490,151; 7,418,504; and 7,921,211).
Jurors determined Apple’s attempted redesign fell short following a 2016 trial that ended with a separate jury finding that the company infringed VirnetX’s patents with the popular Facetime and VPN on Demand features used in the iPhone and other Apple products. (Link to full announcement: https://www.prnewswire.com/news-releases/caldwell-cassady–curry-helps-virnetx-win-502-6-million-verdict-against-apple-300628139.html)
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