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Robust financial strength positions Company to deploy Impact Capital ANN ARBOR, Mich., – January 20, 2022– Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company” or “Kraig Labs”), the biotechnology company focused on the development and commercialization of spider silk, announces the completion of an additional $3 million funding agreement with Yorkville Advisors (“Yorkville”). These additional funds, together with those from the previously announced transactions, account for an $8 million total Yorkville investment into Kraig Labs....
https://kblbinvestors.com/kraig-biocraft-laboratories-closes-additional-funding-agreement/
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KRAIG BIOCRAFT LABORATORIES IMPLEMENTS NEW MEASURES TO ENSURE YEAR ROUND PRODUCTION AND QUALITY OF ITS COMMERCIAL SILK PRODUCTION
ANN ARBOR, Mich., – January 30, 2020 –Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, announced that it has implemented new quality assurance management and production procedures at Prodigy Textiles, the Company’s Vietnamese subsidiary, based on lessons learned from its production rollout.
The Company embarked on an aggressive winter production rollout to accommodate urgent requests for materials from specific collaboration partners and potential customers. The result was a launch in what is normally the Vietnamese silk offseason. In this process we discovered and addressed two challenges, obtaining quality mulberry for feedstock and climate controls in the new facility during the offseason. The Company has addressed these issues as described below.
The production hiccup caused by the winter launch is not expected to impact the Company’s business plan or prospects. Kraig Labs intends to be first to market and is keeping the momentum going by continuing its breeding programs, as the Company’s plans to produce its first commercial batch of Dragon Silk are still in progress.
For the immediate production run, the winter temperature has resolved itself, as we enter February, which is generally considered a better month for rearing silk worms. Whereas, for the following winters, the Company will enhance its climate control protocols, to ensure uniform and consistent year round production.
Kraig labs has also taken steps to ensure that feedstock will not disrupt its future winter production cycle, by utilizing land set aside from the government to immediately plant an additional 40 acres of mulberry trees. This increased capacity and continuous supply of high quality mulberry is an important component of the Company’s production operations. This expansion of lands available to the Company and its work with the local farming cooperatives will allow for tighter control and ensure that this key input in readily available and of the highest quality.
Additionally, the Company installed and began utilizing specialized fiber testing equipment, which mirrors that of its research headquarter, in the United States, to monitor fiber performance, including tensile strength and elasticity. This equipment allows for the identification and selective mating of the best performing silkworms.
The Company has remained in communication with its collaboration partners, informing them of this temporary delay in shipping, who have been supportive of these production actions and look forward to receiving the highest quality fibers.
The Company’s technology is sound, as the tests of the Prodigy Textile production facility fibers mirror the results from its US laboratory. Kraig Labs will continue to monitor and implement procedures to ensure its product meets its high standards and its potential commercialization partners’ expectations.
“Kraig Labs is laser focused on the commercialization of our exceptional materials. Recognizing challenges to that vision and quickly adapting to overcome those obstacles is a core piece of our corporate DNA,” said COO, Jon Rice. “By implementing the new processes, Kraig Labs continues to show its commitment to upholding sustainable fiber production and goals, as well as our commitment to our valued business partners. Despite our winter launch hiccup, we remain on track to meet our goal of delivering superior fibers to our clients.”
To view the most recent news from Kraig Labs and/or to sign up for Company alerts, please go to www.KraigLabs.com/news
About Kraig Biocraft Laboratories, Inc.
Kraig Biocraft Laboratories, Inc. (www.KraigLabs.com), a reporting biotechnology company is the leading developer of genetically engineered spider silk based fiber technologies.
The Company has achieved a series of scientific breakthroughs in the area of spider silk technology with implications for the global textile industry.
Cautionary Statement Regarding Forward Looking Information
Statements in this press release about the Company’s future and expectations other than historical facts are “forward-looking statements.” These statements are made on the basis of management’s current views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as “believes,” “plans,” “expects,” “anticipates,” “foresees,” “estimated,” “hopes,” “if,” “develops,” “researching,” “research,” “pilot,” “potential,” “could” or other words or phrases of similar import. Forward looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.
Ben Hansel, Hansel Capital, LLC
Spot on . Great forward looking post .
Not sure if anybody as seen this on. Mythbusters about spider silk vs steel
Hi guys
Would it be possible for a some of us longs here to put in a 100 dollars each and arrange a local private investigator do take some pics of the new factory and maybe talk to a few local employees and find out about progress inside the facility in Vietnam .
News out
KRAIG BIOCRAFT LABORATORIES PROMOTES DR TREVOR KANE TO CHIEF SCIENTIST
Great thanks for the reply
Thanks for the reply that everyone gave me .
Hi guys .
I am long on this stock since 2011
Can anyone explain why we went up 40% two weeks ago on Pr news that the lab would be featured on tv in the fall . But then we get this groundbreaking Pr today and the price is only up 10-15 % any thoughts .?
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We plan to actively pursue collaborative commercialization, marketing and manufacturing opportunities with companies in the textile and material sectors for the fibers we developed and for any new polymers that we create in 2019.
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We plan to accelerate both our microbiology and selective breeding programs as well as providing more resources for our material testing protocols into 2019. We spent approximately $148,069 during the year ended December 31, 2018 on research and development of high strength polymers. In 2018 we directed our research and development efforts on growing our internal capabilities. We will consider renewing funding of the collaborative research and development of high strength polymers at the University of Notre Dame in 2019.
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We expect to spend approximately $13,700 on collaborative research and development of high strength polymers and spider silk protein at the University of Wyoming over the next twelve months. This level of research spending at the university is also a requirement of our licensing agreement with the university.
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We will consider buying an established revenue producing company in a compatible business, in order to broaden our financial base and facilitate the commercialization of our products. We expect to use a combination of stock and cash for any such purchase.
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We will also actively consider pursuing collaborative research opportunities with both private and university laboratories in areas of research which overlap the company ’ s existing research and development. One such potential area for collaborative research which the company is considering is protein expression platforms. If our financing allows, management will give strong consideration to increasing the breadth of our research to include protein expression platform technologies.
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We plan to actively pursue collaborative research and product testing, opportunities with companies in the biotechnology, materials, textile and other industries.
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We plan to further develop and expand commercial scale production of our recombinant materials including Monster Silk ® and Dragon SilkTM.
10-q out
I will be happy with $5.00 by end of year
Still free Guinness or whiskey To however
Wants to travel to ireland for new year .
Reading all the posts everyday From Ireland
Happy 4th of July to you all
Does anyone think there will be another pr tomorrow as
There been one on Thursday for the last two weeks .
As stated before free drink in Ireland if the pps hits 5.00 by Agm
Let's hope for $$$ land by end of week
Hi ronpopeil
How do you think the numbers will be on Tuesday evening
Hey 4k
There will be plenty of free pints of the black stuff waiting for all the longs on this board in Ireland in 2012 if Jbii rolls out it business plan and gets the price above 5.00
Good luck
Hey 4k
That was my bid at 1.36 for 1000 shares at 3.38.pm
Love this board reading all the post everyday from Ireland .
Jbii long and strong
Great article . Great sales to come this q hopefully
Sounds good I wish I got in at 4 dollars two years back . But in at 11.00 is not to bad especially if it gets to 75 . Have a good weekend
Thanks for the updates
What price do you think Qcor
Can get to in the 12 months
I am a investor from Dublin Ireland
I am wondering if John has waited for this filing to come out in the opened before he starts sending out jv news
Hi guys
I read this board everyday from Dublin Ireland I have been adding
Since the .60 's
I emailed some waste companies in ireland about jbii and I got a reply
Back from the CEO to say he will have someone talk to Jbii .
Maybe we will have our first Europe jv soon . Do you guys have Greenstar waste company over there
Good luck to Jbii from Ireland
Email below
Looks very interesting, thanks for making contact. I've asked my colleague John Geaney to make contact and to explore the opportunity further.
Regards
Geoff
Geoff Bailey, MD Waste Processing
Greenstar Ltd ¦ Unit 6 Ballyogan Business Park ¦ Ballyogan Road ¦ Sandyford ¦ Dublin 18
T: +353 (0) 1 2947999 ¦ M: +353 (0) 866286817 ¦ F: (01) 2947990 ¦ E: geoff.bailey@greenstar.ie ¦ W: www.greenstar.ie
Hi there
This is my first post on ihub
I am from ireland and I have been buying jbii since
the .60's and reading all the posts everyday .
There was a radio interview on a national radio station
in ireland today talking about plastics the woman was from the states and her name was Susan freinkel
http://www.susanfreinkel.com/books_Plastic.html.
here is the link for the show hope you can listen to it
http://media.newstalk.ie/listenback/46/thursday/2/
it starts at about 5mins 35sec into the link .
I texted the program and told them about jbii while they did not talk about jbii o the air, they did comment about turning plastics into oil .
If any of you experts want to get in contact with this lady and make sure she knows about jbii as I am sure she does a lot of radio interviews in europe and the states.
Also just to let you know that Smurfit is in Ireland also
It was a irish company but they may have sold off there American
division .
may the luck of the irish be with JBII.
thanks
Stephen