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0.00603621730382308 0.00603621730382308 0.000447127207690725 0.0032416722557569 0.00603621730382308 0.00603621730382308 0.00603621730382308 0.00603621730382308
Stock impact report

Kraig Biocraft Laboratories Completes New Production Center, Expands Capacity more than Eightfold

KRAIG BIOCRAFT LABS INC (KBLB) 
NASDAQ:AMEX Investor Relations: kraiglabs.com/investors
Company Research Source: GlobeNewswire
ANN ARBOR, Mich., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) ("the Company" or "Kraig Labs"), announces today that it has completed the second wave of its production expansion and is now transitioning spider silk manufacturing operations to its new, larger production center. Following the overwhelming success of the spring production trials, Kraig Labs outlined a strategic investment plan to rapidly scale its production capacity, slated to take part in two waves. The first phase was completed in July, providing the necessary space for the Company to operate through the rainy season. The second and larger project was the construction of a new production center for the Company’s spider silk manufacturing operations. Kraig Labs kicked off construction for this new production center in July. The new facility increases the Company’s rearing capacity by more than eight times its current operations. With dedicated production spaces for each BAM-1 p Show less Read more
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