Kraig Biocraft Laboratories Expands Facilities to Support Spider Silk Production Growth
KRAIG BIOCRAFT LABS INC (KBLB)
NASDAQ:AMEX Investor Relations:
kraiglabs.com/investors
Company Research
Source: GlobeNewswire
ANN ARBOR, Mich., July 01, 2024 (GLOBE NEWSWIRE) -- Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) ("the Company" or "Kraig Labs"), announces today that it has achieved full capacity at its current production location. Hitting this milestone was part of Kraig Labs' expansion plans for the first half of 2024. The Company now reports that it is moving forward with its planned investment into additional production facilities. Kraig Labs began planning for this factory expansion during the spring trials after witnessing the strong growth and robustness of its new spider silk hybrids. This expansion is scheduled to take place in two waves. The first will address the near-term need for capacity during the upcoming rainy seasons, this will provide the needed secure space for production over the next several months. The second, larger project will address Kraig Labs' longer-term need for hatchery space, which is expected to address production needs for the next 12-18 months. Permitting
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News
- Kraig Biocraft Laboratories Expands Facilities to Support Spider Silk Production Growth [Yahoo! Finance]Yahoo! Finance
- Kraig Biocraft Laboratories Increases Spider Silk Production with Next Generation of Hybrid Eggs Completed [Yahoo! Finance]Yahoo! Finance
- Kraig Biocraft Laboratories Increases Spider Silk Production with Next Generation of Hybrid Eggs CompletedGlobeNewswire
- Kraig Biocraft Laboratories Successfully Completes Cocooning in First Commercial Production Run of BAM-1 Spider Silk Hybrids [Yahoo! Finance]Yahoo! Finance
- Kraig Biocraft Laboratories Successfully Completes Cocooning in First Commercial Production Run of BAM-1 Spider Silk HybridsGlobeNewswire
KBLB
Sec Filings
- 6/10/24 - Form 424B3
- 6/4/24 - Form EFFECT
- 5/29/24 - Form POS
- KBLB's page on the SEC website