Kraig Biocraft Laboratories Inc (KBLB)

[Zenaku]

But it will face competition from Germany's AMSilk GmbH, which says it plans to scale up lab production of the spider-silk fiber it calls Biosteel. Its product also is made entirely from recombinant silk proteins that are processed via a spinning apparatus to recreate the structure of spider silk.

Another competitor is Michigan-based Kraig Biocraft Laboratories Inc., KBLB -1.33% which says it has genetically engineered silkworms that spin silk containing spider fiber. A small amount of spider protein can strengthen the normal silk produced by silkworms, it said.