InvestorsHub Logo

ChiJ

02/18/21 7:55 AM

#214544 RE: SPalmer1970 #214527

It is not specific to the new strain of SS. According to the PR it is a license for all Kraig technologies:

"Under the terms of this agreement, Kraig Labs granted the joint venture and the SpydaSilk brand an exclusive geographic license to all Kraig Lab technologies for the ASEAN region, in exchange for a 4 year firm commitment to purchase up to $32 million, with an additional projected purchase of $8 million, of Kraig Labs’ raw recombinant spider silk, with an initial payment of $250,000."