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Saturday, August 14, 2021 11:41:11 AM
So what is the plan?
From July 27 alone; (of course plans require looking for forward looking statements....)
-must now source mills outside of Vietnam. The Company is now coordinating the export of its finished recombinant spider silk. This effort is being coordinated with PL Kings to identify alternative mills within the ASEAN region capable of producing these fabrics.
-the Company has not been required to close its Prodigy Textiles facility, but with lockdowns increasing in several cities, the Company is preparing for every potentiality.
-The R&D team in the US is now working to ensure the genetic inserts are in a stable homozygous configuration.
-the next generation of yarns and fabrics produced by Prodigy Textiles will be built on the performance of these nearly pure spider silk trangenics.
-“We’ve been pressing hard on multiple facets of our spider silk fiber production program in order to achieve the uplisting and to bring value to our shareholders. We have also been working to create a set of contingency plans and workarounds for the constantly evolving COVID-19 restriction in Vietnam and around the world.
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