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Stock impact report

Kraig Biocraft Laboratories Launches Spider Silk Production at Recently Completed Higher Capacity Facility

KRAIG BIOCRAFT LABS INC (KBLB) 
NASDAQ:AMEX Investor Relations: kraiglabs.com/investors
Company Research Source: GlobeNewswire
ANN ARBOR, Mich., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) ("the Company" or "Kraig Labs"), proudly announces the initiation of its first production cycle for the BAM-1 parental strains at its newly established production center. This new facility boasts a footprint eight times larger than its previous facility and, when fully utilized, has the capacity to support the production of 25 metric tons of spider silk per year. This transition to a larger facility marks a pivotal moment in the Company's growth and its commitment to transforming the textile industry. The new production center, strategically located to optimize operations and provide easy access to supporting infrastructure, is set to accelerate the Company's capacity for high-quality, bioengineered spider silk. This production center represents a monumental leap forward in capacity, enabling Kraig Labs to meet the demand for its groundbreaking spider silk materials and solidify its Show less Read more
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