Thursday, April 06, 2023 1:18:06 AM
I very much disagree. This has everything to do with fibers they can produce now. The grants are to help them get to the future.
The pandemic caught many countries, including the U.S., with their pants down. Component parts and raw materials for important products were being sourced from countries all over the planet, all because it was cheaper. It was a supply chain nightmare and it was embarrassing for many developed countries. This DPAI is an effort to keep that from happening ever again.
This is why this initiative cannot be lumped into Kraig Labs last effort with the Army. The Army contract was to create a fabric that could be tested for ballistics protection. The Army didn't care what country we made it in, they just wanted the fabric. We just didn't have the infrastructure at the time.
This new initiative is the DOD knowing and willing to spend money in order to on-shore component parts back to the U.S. so we aren't reliant on other countries. They know this will cost them. Imagine if one day we start uniforming our troops with spider silk that only comes from Vietnam. Now imagine what would happen if suddenly the U.S. relations with Vietnam went south? The DOD needs to spend money to secure our supply chain.
And now we only need to prove that we can make a fiber with spider silk properties. We don't need to make a fabric. Just the basic raw material. Thinking this is similar to the Army contract is myopic.
Recent KBLB News
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 06/10/2024 08:30:30 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 06/04/2024 04:15:03 AM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 11/22/2023 09:31:54 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/16/2023 09:30:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 09:43:51 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 09/11/2023 08:30:50 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 09/01/2023 08:30:52 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:35:05 PM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM