Kraig Biocraft Laboratories Inc (OTCMKTS: KBLB) has seen a fast rise over the past few months from well under a dime to recent highs over $0.50 per share. The stock has quickly attracted a fast growing shareholder base that continues to bid this one higher.
The move up started in April after the Company announced plans to bring to market the first fabrics made from spider silk. Initially developed for specialized military applications, these first-of-their-kind materials made from recombinant spider silk will eventually service the global market for high performance textiles and apparel. KBLB has been around for years developing their spider silk and bringing it to market represents a major breakthrough for the Company.
Kraig Biocraft Laboratories Inc (OTCMKTS: KBLB) bills itself as a biotechnology company focused on the development of high performance polymers. Kraig works in cooperation with leading universities in the fields of genetics and genetic engineering to develop new recombinant fibers and materials which the company believes will have broad commercial applications.
For years Kraig labs has been focused on the production of a transgenic silkworm incorporating specific gene sequences from the golden orb weaving spider. These specific gene sequences inserted are to enable the silkworm to spin a new recombinant fiber which incorporates spider silk proteins. With the scientific breakthrough announced on September 29, 2010, Kraig Labs is now working to commercialize the transgenic silkworms to compete in the garment industry silk market.
The value for the Chinese raw silk market alone is 3-5 billion per annum. With the creation of 20 separate transgenic silkworms, all with unique properties, Kraig Labs is now working at an accelerated pace to build upon their first generation transgenic organisms to develop their second generation of transgenic silkworm incorporating spider silk proteins. The scientists nearly doubled the strength of the silkworm with these specific spider gene insertions. Their second generation of transgenics were completed in 2011. These second generation organisms are to be compared with the strength, flexibility and resiliency of the native spider in which the gene sequences are derived from. These fibers which will match the strength of spider silk are expected to compete in the technical textiles market valued in excess of 120 billion per annum. The 3rd generation organisms are currently in the planning phase. These organisms are expected to spin fibers exceeding the strength of native spiders and may incorporate gene sequences that release an antibiotic, or to help reduce scarring with use in bandages.
To Find out the inside Scoop on KBLB Subscribe to Microcapdaily.com Right Now by entering your Email in the box below
KBLB has long held that its genetically engineered protein-based fibers have properties that are in some ways superior to the materials currently available in the marketplace. For example, as noted above, the ability of spider silk to absorb in excess of 100,000 joules of kinetic energy per kilogram makes it a potentially ideal material for structural blast protection. Production of this material in commercial quantities holds the potential of a life-saving ballistic resistant material, which is lighter, thinner, more flexible, and tougher than steel. Other applications for spider silk based recombinant fibers include use as structural material and for any application in which light weight and high strength are required. We believe that fibers made with recombinant protein-based polymers will make significant inroads into the specialty fiber and technical textile markets.
While scientists have been able to replicate the proteins that are the building blocks of spider silk, the technological barrier that has stymied production until now has been the inability to form these proteins into a fiber with the desired mechanical characteristics and to do so in a cost effective manner.
On June 11 KBLB announced a senior member of its leadership team is travelling to Vietnam to oversee operations at the Company’s subsidiary Prodigy Textiles Ltd., construction at the Company’s new facility, and to coordinate the transfer of silkworms from the temporary facility into their permanent home. Management also anticipates meeting with provincial leaders to discuss further expansion of Prodigy Textiles production. During this trip, a senior official from Kraig Labs plans to interview and select candidates for several key positions, including operational and financial leadership roles within Prodigy Textiles. Management has also set aside time to meet with its Vietnamese bankers to outline and discuss a collaborative agreement as Prodigy Textiles prepares to grow rapidly.
KBLB COO Jon Rice stated:
“Work at Prodigy Textiles has been moving quickly as we have continued to direct progress from our U.S. operations. It is now time for the Company to send someone back to Vietnam in order to oversee the hiring and filling of key positions as we build out our operational leadership team at Prodigy and transition to larger scale silk production. I am excited to watch our international team grow as we work together bringing our environmentally sustainable, high performance textiles and yarns to the global markets.”
We have a Monster Pick Coming. Subscribe Right Now!
Currently trading at a $366 million market valuation KBLB is fully reporting OTCQB with just under $1 million in the treasury and manageable debt. KBLB has been around for years developing their transgenic silkworm incorporating spider silk proteins; a disruptive technology that addresses several multi-billion dollar markets. The Company has solid leadership behind it in CEO Kim Thompson and has already been featured in mainstream media. There could not be a more exciting time for KBLB as they move into the production phase, commence larger scale silk production and go to market. Shareholders who have been busy bidding KBLB higher are anxiously awaiting the annual meeting later this month. We will be updating on KBLB when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with KBLB.
Sign Up now for our 100% FREE Penny Stock Newsletter
Disclosure: we hold no position in KBLB either long or short and we have not been compensated for this article.