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Stock impact report

Kraig Biocraft Laboratories Reports Record-Setting Recombinant Spider Silk Production in 2024

KRAIG BIOCRAFT LABS INC (KBLB) 
NASDAQ:AMEX Investor Relations: kraiglabs.com/investors
Company Research Source: GlobeNewswire
ANN ARBOR, Mich., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) ("the Company" or "Kraig Labs"), the leading developer of spider silk-based fibers, reports that it has produced more than 1,200 pounds of recombinant spider silk cocoon over the last 12 months. This milestone represents more than the combined production of all prior years, underscoring the Company's significant advancements in scaling up spider silk production for commercial applications. The successful production surge was driven by Kraig Labs' newest hybrid spider silk production strain, which transformed traditional silkworms into producers of spider silk-based fibers. This record output demonstrates the Company's ability to bridge the gap between laboratory innovation and scalable, sustainable production. "We are proud to share this exciting production milestone. This achievement is a clear indicator of the tremendous progress our team has made in optimizing spider silk product Show less Read more
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