Kraig Biocraft Laboratories Inc (KBLB)

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KRAIG BIOCRAFT LABORATORIES COMPLETES FIRST PHASE OF DRAGON SILK FIBER PRODUCTION FOR ITS MILITARY CONTRACT
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ANN ARBOR, Mich., -December 19, 2016- Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, today announced that it completed the first batch of Dragon Silk™ cocoon production for its recently reported military contract. The fibers will soon be headed to a reeling facility to be prepared for delivery to Warwick Mills.

The Company will contract Warwick Mills to produce ballistic shoot packs, for delivery to the US Army, based on the Company’s Dragon Silk technology. The Company expected to make final delivery to the US Army in the second quarter of 2017.

“The Indiana factory scale up of our proprietary recombinant spider silk, we call Dragon silk, has exceeded our expectations. As we ship this first batch of Dragon Silk cocoons dedicated for the US Army, we are already beginning to prepare for production of fibers ready for commercial sale to some of our primary end users,” said Company Founder and CEO Kim Thompson.

The Company will now begin to sell its Dragon Silk and Monster Silk fibers, in earnest, to the various parties that have submitted sample requests, with priority given to substantive collaborative development agreements and key end uses.



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