Kraig to begin shipment of commercial spider silk next week

ANN ARBOR—Kraig Biocraft Laboratories Inc. (OTCQB: KBLB) announced the company is nearing completion of the second production cycle of recombinant spider silk at its Vietnamese production factory.

Company officials said they expect to begin shipping the specialized silk cocoons by next week. These cocoons will be turned into the first recombinant spider silk yarn from this new facility and, once complete, will be sent to the United States for testing and delivery to customers.

The company transferred production operations in October to the Prodigy Textiles factory, Kraig’s Vietnamese subsidiary. Over the last two months, the company has been scaling the plant’s throughput, nearly tripling its skilled workforce to support its rapidly growing operations.

The company’s COO, Jon Rice, is currently in Vietnam overseeing operations, assisting in preparations for this first shipment, and guiding the implementation of additional operational process controls. During this trip, Rice and Prodigy Textiles’ management are also working with local government officials to assess and plan the allocation of additional land and facilities to grow Prodigy’s operations.

“Our production team continues to deliver on the lofty expectations we have outlined for them,” Rice said. “With production scale up now well underway and the first shipment scheduled for delivery soon, Prodigy management and I are pressing forward with an even greater vision of where we can take the Company.”

Kraig has genetically engineered silkworms with genes from spiders, so that they produce silk for their cocoons with the strength and durability of spiderweb fibers.

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