MM you are right about this: “This is an R&D stock that will uplist and has a unique product nobody else can do.” However, it is becoming apparent that Kraig Labs will be so much more. Not only a R&D stock. We will also be a textile materials production stock as well. The only company in the world capable of mass production of spider silk material for both mundane and technical textiles. Giant markets! The price tag for a buyout will be multiple billions!
Kraig Biocraft Laboratories COO Travels to Vietnam to Assist Transition of Production Operations to New Factory
October 02, 2019 07:05 AM Eastern Daylight Time
ANN ARBOR, Mich.--(BUSINESS WIRE)--Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, announces today that Jon Rice, the Company’s chief operating officer, will travel to Vietnam, this week, to work with the Company’s subsidiary, Prodigy Textiles, on the transition of silk production operations into its recently renovated facility in Quang Nam province. During this trip, Rice expects to review the completed facility improvements, coordinate operations with Prodigy Textiles senior staff and production workers, finalize production and transportation logistics, discuss production throughput rates and targets, as well as review the security and quality control systems being implemented.
“Our staff, in the U.S. and Vietnam, has put an incredible amount of effort into establishing and preparing Prodigy Textiles to disrupt the performance textile markets. Our team has pushed through incredible challenges to bring this factory online. We are now ready to put it to work, bringing our recombinant spider silk technology to market. I expect to be able to share more information about my trip and details about our operations with our shareholders early next week,” said Rice
