Kraig Biocraft Laboratories Inc (KBLB)

[ImjinBridger]

MOON PARKA is clothing the world's first artificial protein material that has been produced by the actual apparel industry line was used. Through this prototyping, we were able to grasp the many challenges towards mass production. In Spiber, with the aim of launching early as possible and the resolution of this problem, we have a third-party allocation of new shares totaling 9.5 billion 84.16 million yen (separately Spiber than news releases.). In the future, that it will continue to resolve one by one these challenges,

Hard to comprehend the translation. Sounds to me like in making the prototype they realized that there were many issues ahead for mass production, and they received 84 ml yen from a, VC probably, to try and resolve them. It would not surprise me if cost was one of these issues.

Seems like all the players have something in common, including Kraig. Everybody hopes for mass production NEXT YEAR. All though Kim would never announce the name of the customer at this stage.