Kraig Biocraft Laboratories Inc (KBLB)

[TRUISM]

It looks like Bolt Threads has partnered with Patagonia and raised another $50 million and will be commercial next year (pushed back from this year).

According to the article:

Bolt Threads raises $50 million to brew spider silk, inks deal with Patagonia

It is stated:

Bolt already manufactures its Engineered Silk protein at scale, with outsourced manufacturing partners, says CEO Dan Widmaier, and will be moving into yarn manufacturing this summer....

A founder and General Partner with Formation 8, Jim Kim, said his firm invested in Bolt because its silks have amazing properties. Spider silks could be used to make materials that are stronger than Kevlar, and more durable but at least as flexible as Lycra, he said.

But the processes that Bolt Threads has come up with are far easier than natural silk manufacturing, which traditionally requires silkworms and plenty of mulberry leaves, which are plants threatened by climate change and the silk industry.

Kim said, “Lots of people are investing in the next Uber for something, but not a lot of people understand the technology around textiles. What Bolt is doing impacts a trillion-dollar market.”

Given the funding, Kim said he expects Bolt Threads to make its bio-fabricated silks available in mainstream products by 2018.

Blessings to All

TRUTH