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0.0313398504887866 0.0313398504887866 0.0293271995399655 0.0293271995399655 0.0350776308223116 -0.0224266820011502 -0.0224266820011502 -0.0224266820011502
Stock impact report

Kraig Biocraft Laboratories Leverages New Production Center for Largest Ever Batch of Spider Silk Parental Lines

KRAIG BIOCRAFT LABS INC (KBLB) 
NASDAQ:AMEX Investor Relations: kraiglabs.com/investors
Company Research Source: GlobeNewswire
ANN ARBOR, Mich., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) ("the Company" or "Kraig Labs"), the leading developer of commercially viable spider silk, today proudly announces the launch of its largest production cycle of its BAM-1 line. Leveraging the expanded capacity of its new production rearing center, this rearing cycle will more than double the Company's previous single-batch caterpillar production record. To grow production capacity and maximize the new rearing center, the Company has divided this batch into two groups. Twenty percent of this batch are BAM-1 hybrids for reeling finished silk. Eighty percent of this batch is split evenly between the two BAM-1 parental lines that will be crossbred to produce millions of BAM-1 hybrid silkworm eggs for future production cycles. First-generation hybrids are created by crossbreeding the two BAM-1 parental lines together. These first-generation hybrids create larger production cocoons, incr Show less Read more
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