Kraig Biocraft Laboratories Inc (KBLB)

[Eskaminagaga]

nothing light weight is going to save you from a high powered rifle regardless of the material

Maybe not, but it is a step in the right direction. It will likely protect from some more powerful rounds that other materials could not. They stated that their goal is to protect from M16 fire. That is nice where the M16 is fairly common, but in many places people use the AK-47 which has greater penetration per round. If the goal is to market to warzones or to military, they are going to need something a little stronger.

one could bring up the issue of the weapons being test fired from 3 meters...thats not enough distance for the rounds to reach full velosity...

Unless the bullets have some additional self-propulsion system or are fired at less than their terminal velocity and achieves terminal velocity en route to their target, they are at full velocity the moment they leave the barrel. Friction and air resistence slows them down from there.