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Kraig Biocraft Laboratories, Inc. (symbol: KBLB) is a biotechnology company specializing in the development and commercialization of spider silks. Leveraging genetic engineering research, the company has created a practical and cost-effective technology for producing recombinant spider silk fibers on an industrial scale. Their innovative spider silk technology is set to revolutionize the global textiles industry with stronger and more flexible fibers. They are moving rapidly towards commercializing their spider silk technology and continue to work with leading laboratories to enhance their spider silk-based fibers. With a strong focus on product development and genetic research, Kraig Biocraft Laboratories aims to provide effective solutions to global challenges through sustainable and environmentally friendly practices.
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Kraig Biocraft Laboratories, Inc. comments on an innovative advancement in spider silk engineering by Rensselaer Polytechnic Institute. The project involves creating spider silk protein from waste plastics using a new strain of Pseudomonas bacteria. While still in early stages, this method shows promise in addressing plastic waste challenges and creating biodegradable silk proteins.
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Kraig Biocraft Laboratories, Inc. announces the addition of Dr. Nirmal Kumar, an expert in sericulture, to oversee spring production trials and launch of BAM-1 hybrid in Vietnam. Dr. Kumar's extensive experience in silkworm breeding and rearing brings valuable expertise to the Company's operations.
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Kraig Biocraft Laboratories, Inc. announces senior management's travel to Vietnam to oversee spring production trials for recombinant spider silk. The Company aims for large-scale production, scouting production partners, and finalizing agreements for growth.
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Kraig Biocraft Laboratories, Inc. (KBLB) announces the preparation of a second business investment application in Vietnam to expand its operations. The company plans to submit the license application this month, in collaboration with Lam Dong Agro-Forestry Research and Experiment Center and Vietnam Sericulture Association. The new subsidiary, Prodigy Silk, will focus on advancing sericulture using the company's silk technology. The facility in Lam Dong Province is undergoing renovations for spring production trials, with CEO Kim Thompson emphasizing the strategic importance of this investment.
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Kraig Biocraft Laboratories, Inc. achieves homozygosity for spider silk gene in parental strains for new BAM 1 hybrid production system, marking a significant milestone in commercializing recombinant spider silk technology.
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Kraig Biocraft Laboratories, Inc. announces the creation of a premium yarn blending recombinant spider silk with Pima Cotton, showcasing vertical integration in textile markets. The company aims to target luxury apparel markets and expand into technical applications for spider silk materials.
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Kraig Biocraft Laboratories, Inc. announces the opening of a new recombinant spider silk production center in Vietnam. The facility will support the Company's growing silk production in 2024 and enhance collaboration with the Vietnam Sericulture Association and Lam Dong Agro-Forestry Research and Experiment Center.
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Kraig Biocraft Laboratories, Inc. (KBLB) has successfully created a new recombinant spider silk hybrid, BAM 1, resulting from careful selective breeding. This hybrid is expected to be the most efficient spider silk production system to date, producing more usable silk per cocoon. The company's technology utilizes enhanced silkworms to produce recombinant spider silk, with plans to transition into operations in the first and second quarters of 2024.
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Kraig Biocraft Laboratories, Inc. signs a key Memorandum of Understanding with the Vietnam Sericulture Association and the Lam Dong Agro-Forestry Research Experiment Center to enhance and expand silk production in Vietnam. The collaboration aims to commercialize advanced fiber production and achieve metric-ton production of spider silk in 2024.
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Kraig Biocraft Laboratories, Inc. (KBLB) provides an update on the near-term commercial applications and opportunities for its recombinant spider silk, Dragon Silk™. The company is ramping up production trials and targeting end-product applications in fashion, performance apparel, engineering textiles, composites, cosmetics, defensive and protective textiles, bio-plastics, fiber optics, and medical textiles. It aims to achieve partial vertical integration in early spider silk products to maximize market position.
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FAQ
What is the current stock price of KRAIG BIOCRAFT LABS (KBLB)?
The current stock price of KRAIG BIOCRAFT LABS (KBLB) is $0.0875 as of October 15, 2024.
What is the market cap of KRAIG BIOCRAFT LABS (KBLB)?
The market cap of KRAIG BIOCRAFT LABS (KBLB) is approximately 93.5M.
What is Kraig Biocraft Laboratories, Inc. focused on?
Kraig Biocraft Laboratories is a biotechnology company focused on the development and commercialization of spider silks using genetic engineering research.
What technology has the company developed for producing spider silk fibers?
The company has developed a practical and cost-effective technology for producing recombinant spider silk fibers on an industrial scale.
How does Kraig Biocraft Laboratories aim to impact the global textiles industry?
With their innovative spider silk technology, the company aims to revolutionize the global textiles industry by creating stronger and more flexible fibers.
What is the company's approach to product development and research?
Kraig Biocraft Laboratories focuses on product development and genetic research to provide innovative and sustainable solutions to global challenges.
What sets Kraig Biocraft Laboratories apart in the biotechnology sector?
The company's emphasis on sustainable practices, environmental responsibility, and cutting-edge genetic engineering research sets it apart in the biotechnology sector.
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