Kraig Biocraft Laboratories (OTCQB: KBLB), a developer of spider silk-based fibers, recently provided an update on the progress towards the commercialization of spider silk technology following the company’s announcement of the formation of its Vietnamese subsidiary, Prodigy Textiles Co,. Ltd. Prodigy represents the company’s main production arm for spider silk technologies. “Momentum at Prodigy is growing and we’re focused on the exciting milestones ahead,” Kraig Biocraft COO Jon Rice stated in the news release. “We are busy preparing silkworm eggs for shipment and putting the team in place at Prodigy to hit the ground running. We are now taking concrete steps to build on all the work we’ve done in Vietnam and to convert that into a thriving operation for spider silk production.”
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About Kraig Biocraft Laboratories, Inc.
Kraig Biocraft Laboratories, Inc., a reporting biotechnology company, is a 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. For more information, visit the company’s website at www.KraigLabs.com.
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