Kraig Biocraft Laboratories Inc (KBLB)

[DimesForShares]

Spiber continues to be listed in KBLBs recent financial statements as a competitor. They are both targeting the same application: luxury streetwear. Even if Spiber’s fibers were made from goat cheese, but were of sufficient quality to attract major manufacturers, their fibers would be competition for KBLB.

Simply because one fabric is a blend called Spydasilk and another contains Brewed Proteins, that does not make Spydasilk the winner. Consumers care about the look, feel, wear, and durability of fabrics. If Spydasilk is scratchy, can’t be washed, pills easily, or any number of other issues, it will not gain market share.

There is a reason Jeff Dorton was called in after the first yarns were spun. The most likely reason is that the yarns were inferior and unsuitable for contemporary textiles. Let’s hope the recommendations he made in processing suffice instead of KBLB having to go back to the drawing board.

Spiber did and it took them 3 years to make essential adjustments to their dna sequences.