“This MOU represents a breakthrough for Kraig Labs and potentially the silk industry. The Central and Provincial Government officials in Vietnam with whom we have held extensive meetings share our passion and vision for reinvigorating the silk industry.
This new relationship should bring new opportunities for both the Company and Vietnam. The goal is commercialization of our disruptive technology for the technical textile markets,” said Company CEO Kim Thompson.
“Vietnam offers specialized silk infrastructure which is ideal for expanding our operations. Vietnam’s tradition of quality silk production makes it an excellent fit for our transgenic silkworms. This cooperative effort will further serve to support our recombinant silk technology, its many applications and end markets.”
The Company is continuing to work with the provincial government to develop advanced research and development facilities in Vietnam, as well as pilot production of transgenic hybrids.