Kraig Biocraft Laboratories Inc (KBLB)

[faithabides]

Trainer, I have said this more than once since they announced failure on the first in late January. You won’t hear much about production until they have a 1st success run and spring the 1st delivery on the market. I also said don’t surprise if that production comes from the US side. Why is only the ‘majority of its production’ going back to Vietnam. What will the minority production be for? IMO, they will produce a smaller first delivery batch here and delivery to Polartec to jump start production.


ANN ARBOR, Mich., – May 12, 2020 –Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“the Company”) announces that Company is preparing to transfer production back to Prodigy Textiles, its Vietnamese subsidiary. During the COVID-19 lockdown, when the Company opted to furlough its non-essential staff, the Company shifted its spider silk production operations focus to its US research facility. The Company is now ready to transition the majority of its production back to Vietnam as soon as the silkworm rearing cycle allows.