Kraig Biocraft Laboratories Joins Vietnam Sericulture Association
ANN ARBOR, Mich., Jan. 09, 2024 (GLOBE NEWSWIRE) — Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company” or “Kraig Labs”), the biotechnology company focused on the development and commercialization of spider silk, today announces its Vietnamese subsidiary, Prodigy Textiles (“Prodigy”), has joined the Vietnam Sericulture Association (“VSA”).
Kraig Labs’ and Prodigy’s senior management met with leaders of the VSA in December. These meetings took place during the Company’s management review of current operations and planned expansion of recombinant spider silk production in 2024.
The Company is excited to work with the VSA and support their vision for enhancing silk production and strengthening overall sericulture in Vietnam.
“Joining the Vietnam Sericulture Association is part of Kraig Labs’s commitment to building strong ties within the sericulture industry and expanding our operational role in the continued growth of Vietnam as a global leader in silk production,” said company Founder and CEO, Kim Thompson. “We believe that there is a very large potential to increase and grow Vietnam’s silk production, and we are working to make our recombinant spider silk a part of that growth.”
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About Kraig Biocraft Laboratories, Inc.
Kraig Biocraft Laboratories, Inc. ( www.KraigLabs.com ), a reporting biotechnology company, is the leading developer of genetically engineered spider silk-based fiber technologies.
The Company has achieved a series of scientific breakthroughs in the area of spider silk technology with implications for the global textile industry.
Cautionary Statement Regarding Forward-Looking Information
Statements in this press release about the Company’s future and expectations other than historical facts are “forward-looking statements.” These statements are made on the basis of management’s current views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as “believes,” “plans,” “expects,” “anticipates,” “foresees,” “estimated,” “hopes,” “if,” “develops,” “researching,” “research,” “pilot,” “potential,” “could” or other words or phrases of similar import. Forward-looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.
Ben Hansel, Hansel Capital, LLC
(720) 288-8495
ir@KraigLabs.com
