Kraig Biocraft Laboratories (OTCQB: KBLB), a developer of spider silk based fibers, recently announced that it has attained approval for the formation of its new Vietnamese subsidiary, Prodigy Textiles Co. Ltd. The company has received its official investment registration certificate from Vietnam for the new subsidiary. Management sees the establishment of the company’s first subsidiary as a key milestone on the way to reaching its long-term goal of engaging in large scale spider silk production. “What a great moment for Kraig Labs and the entire Spider Silk industry. We anticipate that our new subsidiary in Vietnam will open the doors and pave the way for spider silk production and our commercialization efforts,” Kraig Biocraft Laboratories founder and CEO Kim Thompson stated in the news release.
To view the full press release, visit http://nnw.fm/Br8T7
About Kraig Biocraft Laboratories, Inc.
Kraig Biocraft Laboratories, Inc. is a fully reporting biotechnology company and 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. For more information, visit the company’s website at www.KraigLabs.com.
More from NetworkNewsBreaks
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
