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Let's not minimize Calm Seas role in this upswing. Maybe they've used up all the shares they can sell for a period of time.
Really good newsletter. For those that have the capabilities, start spreading the word via social media. Twitter, Facebook. Start retweeting or liking posts. I saw one guy on Twitter reach out to Charles Payne from Fox Business and Jim Cramer of CNBC about KBLB news. They have thousands of followers so it's worth sending me them links via social media. Soon this will be a national story in the business world.
Sunny- where is this info?
News out. Letting us know how much coverage the company has received over the last couple weeks.
Would be nice to get one more before newsletter. Let's go!!
Jay- just curious from your contacts if you still feel good about interest and possible future contracts with KBLB? Thanks!
Check out KBLBs latest news. Getting a newsletter update this Friday. Could see more news being announced before then.
ANN ARBOR, Mich., -July 12, 2016- Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, today announced that it has received a contract valued at up to $1.0 million, if the option phase is awarded, for the development of high performance fibers for protective apparel applications.
Under the fully funded base effort, valued at $99,962, the Company will deliver ballistic shoot packs constructed from its proprietary Dragon Silk™ material for performance testing. These shoot packs will be tested and evaluated for critical Soldier protective applications including ballistic impact. If awarded, the option phase will significantly expand this work with the US Army.
“Dragon Silk scores very highly in tensile strength and elasticity, which makes it one of the toughest fibers known to man and the ideal material for many applications,” stated Jon Rice, COO. “Providing material for this ballistic shoot pack initiative is an important next step for Kraig and spider silk. This contract reinforces the many significant potential applications for recombinant spider silk. Today is a great day for spider silk.”
“We’re proud to be working with the Department of Defense to assess the exciting potential of spider silk for military applications,” stated Kim K Thompson, CEO and founder of Kraig Biocraft Laboratories. “We are honored that the U.S. Army has selected us for this program. This effort will provide Kraig Labs with the opportunity to validate our longstanding belief that spider silk technology has had an incredible potential for protective and lifesaving materials and expand our ability to design and engineer innovative materials solutions.”
The base effort on this contract is scheduled to last ten months and is the Company’s first US Department of Defense award.
As we wait for more news on Vietnam and who the globally recognized performance apparel manufacturer to develop applications for the Company’s silk is, I'm curious as to what the science alone is worth to other companies?
If anything, we can agree that what KBLB is doing/trying to do, hasn't been done before. And many on this board have often discussed about a buyout being the end game for KBLB. The most mentioned one of course being DuPont. And while talks of all longterm shareholders being rich because of this eventual buyout is nice, the reality is we have no idea when that will take place, if at all, because of certain hurdles KBLB still has to clear.
But one thing we do know is that the science is real. What is that worth right now to another company operating in the same space as KBLB? Just something different to discuss.
Positive news. Keep in mind folks we have new eyeballs on this stock after last week. While longterm investors expected this news people just checking KBLB out for first time will look at this in a very positive way.
I think we are all excited to see this stock move in the right direction. We've heard over the years about outside interest in our silk. It looks like those interests may turn into contracts within the next couple months. Let's keep this momentum going. I would expect Kim understands this and that news this week should be upon us.
At the very least we are going to have the newsletter this week to look forward to. We could see another PR as well and the momentum for this stock will just keep moving in the right direction. From here on out, things will continue to be exciting for this company.
"With talk like that, it’s only a matter of time before they start collaborating with the likes of Nike and Under Armour. "
Possibly a hint as to who our next contract will be with?
And where has that gotten them? Lol. Did they find that shoebox of spider silk yet? ??
Any thoughts on what this means or if it was even brought up before? I happened to hashtag spider silk on Twitter and this came up.
https://www.owler.com/reports/kraig-biocraft/kraig-biocraft-laboratories--inc--files-sec-form-e/1467373800446?utm_source=twitter&utm_medium=social&utm_campaign=sectorNews_Biotechnology
I think it is. If Kim makes that comment probably not. Jon doesn't have a track record of over promising and not delivering. Let's see what happens.
"It may mean that somebody is getting very nervous about Kraig's upcoming milestones. "
Oh really?! Let's go then. So we should expect some important news as soon as next week?
The only way to combat some of these shenanigans is to come out with earth shattering news. Contracts, revenues etc.
What do we make of this?
Patagonia's Next Jacket Will Be Made of Spider Silk
Spider silk technology is tougher, stronger, and more sustainable to make than traditional threads.
Patagonia's Next Jacket Will Be Made of Spider Silk
The material is ultra tough, durable, and lightweight, and it may be the future of outdoor apparel if Patagonia and a California startup have their way
By: Sarah L. Stewart May 25, 2016
Good news for gear junkies, bad news for arachnophobes: we’re now one step closer to swaddling ourselves in spiderwebs.
Earlier this month, Bay Area startup Bolt Threads announced a new partnership with Patagonia to develop goods made from its proprietary spider silk-inspired fibers and textiles. Along with the news that Bolt Threads has secured an additional $50 million in financing from investors, the collaboration indicates that the latest in a series of attempts to harness the powers of spider silk could prove to be the most successful yet.
“When a big brand like that steps up and makes this kind of commitment, I think it signals that people are really feeling that there’s some major improvement from this technology,” says Matt Powell, outdoor industry analyst for The NPD Group.
Scientists, entrepreneurs and big business have tried for decades to replicate spider silk, which is lauded for its superior qualities: ounce for ounce, it’s five times stronger than steel and three times tougher than Kevlar. So far none have succeeded on a commercially viable scale, but Bolt Threads is among a handful of companies worldwide racing to do just that. Using a fermentation process—much like brewing beer—Bolt Threads creates large quantities of silk proteins, then spins the raw protein into fibers. Since its founding in 2009, the company has moved from concept to reality, this summer transitioning into yarn manufacturing.
“We’re scaling up,” says Sue Levin, Bolt Threads’ chief marketing officer. “We’re going to be producing metric tons of material in the months ahead.”
Less clear is what exactly Patagonia will make from Bolt Threads’ Engineered Silk material; both companies have thus far declined to comment on specifics of the deal. But the earliest possible debut for a Patagonia-branded item would be in 2018, Levin says, due to the brand’s product lead time.
That doesn’t rule out the possibility of some other type of Bolt Threads product hitting shelves sooner, however. The company has previously predicted it would bring a product to market sometime this year and its website presently declares, “Stay tuned. We are planning to change your clothes in 2016.”
“We’re really not interested in talking about timelines,” Levin says. “What we’re trying to do is make textiles for the next century. It’s not really a question of if they’re going to be (available) in a month, or a year.”
Looking to the future, sustainability is a major selling point for Bolt Threads: sugar, water, yeast, and salts are the primary foundation of its fibers, as opposed to the petroleum used for most synthetics. These more environmentally sensitive practices make Bolt Threads a natural fit for an eco-conscious brand like Patagonia—and vice versa.
“Brands, especially in the outdoor space, are very interested in new technologies that are much more sustainable than previous ones,” Powell says. “I think we’ll see more of this kind of thing happening over the next year or so.”
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From a LT shareholder who emailed me today about the recent developments. Want to see what people think and if they agree on his sentiment. In terms of alternate funding, does the government now take on that new role for KBLB?
Maybe good news in the long run but sounds like more delays for now. I'm not happy. Disgusted with there inability to get this thing off the ground. I'm surprised the stock hasn't dropped today.
something's wrong or kim is just making awful business decisions for his stock holders and probably himself.
just think---they say they've had FOR A YEAR a REVOLUTIONARY new fabric that could take over a trillion dollar market and they cant find a venture capitalist to invest 2 or 3 million to get this thing off the ground by building a US plant. Only now they tell us they are considering the obvious----a us plant.
making things happen in vietnam must be hitting roadblocks and for many reasons that has always been a risky business. it'll be another year before a us plant happens and God knows how long for vietnam.
if the economic bubble bursts anytime soon i dont think he can keep this whole thing going. lets pray that doesn't happen.
Yep- just got it as well.
What is more likely to happen within the next month? We hit somewhere in the .01's or we start moving up?
That would be a forward looking statement.
Corpus Christie shutdown means LNG will have 1/2 the earning power by 2020 that it was supposed to. On the other hand the earnings without the cost of corpus will help the bottom line. Will those earnings support a rise in the stock price to 70 or 80 though? I just don't know. Any thoughts on this and where we think the SP is headed?
On KBLBs Twitter site posted today. I like it.
Congratulation to the Warwick Mills team Joining AFFOA, looking forward to see how far they take the technology.
Do we have an idea if the subsidiary is separate from KBLB or part of the comany? Had this question come up from a couple other investors. Tried reaching out to Ben but haven't been able to get a hold of him.
What do we make of this statement? I'm assuming this is in addition to Warwick Mills? Is this the sports apparel company?
This quarter Kraig Labs teamed up with another well-known (as yet undisclosed) textile mill to explore the applications of our silk technologies in their end products and markets. As part of that effort, the Company delivered its first design to specification thread, working with the mill to create a thread that would work with both their equipment and end material needs. We expect that this silk will be turned into fabric in early 2016. We are excited by these developments and hope to be able to report the results of this work in the first half of 2016.
Still feel good about those other companies wanting to work with KBLB Jay one?
Bridge- how did the talks go with Jon and Kim. Feel good about things after conversation?
Great point Truth. I think we are closer to a contract being announced. Let's hope.
I'm thinking newsletter this week. Let's go!
Your predictions are on par with Kims alleged missed deadlines.
So, let's have a little fun. Most people on the this board are fearing doom and gloom. I get that for sure. When Kim misses deadlines repeatedly, giving him the benefit of the doubt is thrown out the window. That being said, there are many here that have done their own extensive DD and feel that at some point this stock will take off.
So, for those that wish to participate, which one of these options do you think are happening or have already happened. Of course another option will be none at all. Feel free to fill in the blanks as well.
A) Warwick has made a product.
B) KBLB signed contract with potential client/company.
C) Kim has no such dealings in the works.
How about not saying anything? I understand what your saying but I'd rather not hear anything as opposed to Kim using words like "soon." Kim is terrible at giving projections. Learn from your shortcomings. Either be more accurate when using that word and have something come to fruition within a decent timeframe or say nothing. That's a big reason why people are upset.
Come on Jazz, now you are playing with us.
Who knows what this administrative task is that Kim has to finish before KBLB announces that Vietnam is a done deal. Let's hope he is getting everything ready to go so this stock can take off and never look back. Things are happening behind the scenes but this deal needs to happen first.
I talked to Ben yesterday. Nothing will be announced until Vietnam is done. I get the sense there are good things happening behind the scenes outside of Vietnam but it won't be announced till the deal is done. Take that for what it's worth.
Warwick mills and Notre Dame for sure.
CEO out. Let's hope things start to turn around.
You are correct. Kim said they are still looking for a production facility in Vietnam. I'm wondering how long this process will take. Again, take it for what's it worth on a CC, but it sounded like they still are searching and might not have something sealed up within the next month. That's pure speculation. If they don't have the production facility ready to go once the agreement is set, how long will this take? That's the question.