Kraig Biocraft Laboratories Inc (KBLB)

[TRUISM]

KRAIG BIOCRAFT LABORATORIES’ NEW SPIDER SILK PRODUCTION FACILITY REACHES PEAK CAPACITY AHEAD OF SCHEDULE
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ANN ARBOR, Mich., -October 11, 2016- Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, today announced that it has reached peak planned capacity at its new Indiana production facility ahead of schedule.

To support the rapid increase in throughput, the Company has hired and is training additional full time workers. The Company expects to maintain this level of silk production through the fourth quarter of 2016.

The Company has started reviewing plans for possible capacity expansion in light of the successful factory launch and demand from industry.

“The last 30 days have been a buzz of activity at our new plant,” said COO Jon Rice. “In this short period of time our team has already identified and implemented a number of process and equipment efficiency improvements, which further reinforce our position as the industry leader in spider silk technologies.”

The Company is now conducting a complete assessment of the production facility’s throughput to prepare for the delivery of Dragon SilkTM to industry customers following the Company’s completion of the first phase of its US Army contract.



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