LANSING, Mich., Oct. 7, 2013 (GLOBE NEWSWIRE) -- Kraig Biocraft Laboratories, Inc. (OTCQB:KBLB) ("Company"), the leading developer of advanced spider silk based fibers, today announced the launching of the Company's commercial production program with the recent hatching of its first batch of Monster Silk™ silkworms for commercial production.
Furthermore, the Company is currently expending resources to augment the scale of its Monster Silkworm™ production over the next 30 to 90 days. This move coincides with the Company's planned strategy to rapidly increase its production capacity. The Company's strategy is to commit the vast majority of its initial production capacity to a propagation program designed to increase its production population. A smaller portion of the first commercial production generation should also yield fibers which can be dedicated to the production of woven textile samples.
"Our launch of our commercial scale production of Monster Silk™ is a long awaited major milestone for Kraig, as we demonstrate our ability to convert recombinant spider silk, and Monster Silk™ most specifically, from an exciting laboratory technology to a marketable product," said, CEO and founder, Kim K. Thompson. "We believe that rolling out the world's first recombinant spider silk commercial production project will only expand our global development prospects, for Monster Silk™ and other high technology fibers."
"It has taken many years to go from my initial concept of recombinant spider silk to the laboratory production of Monster Silk™ and now the actual launch and scaling up of the commercial scale production. I want to thank our investors and, most particularly, the research scientists, whose work and dedication has made this long anticipated day possible."
"Given the current planned production schedule, we could theoretically be producing Monster Silk™ in metric ton quantities by early January. A more conservative estimate, given the realities of launching such a ground breaking and commercially unique project, would be to reach that major milestone in mid 2014. This move reaffirms our view that Kraig is the world's leading developer of recombinant spider silk technologies," concluded Thompson.
About Kraig Biocraft Laboratories, Inc.
Kraig Biocraft Laboratories, Inc. (www.KraigLabs.com), a fully reporting biotechnology company is the leading developer of genetically engineered spider silk based fiber technologies. The Company has achieved a series of scientific breakthroughs in the area of spider silk technology with implications for the global textile industry.
Cautionary Statement Regarding Forward Looking Information
Statements in this press release about the Company's future and expectations other than historical facts are "forward-looking statements." These statements are made on the basis of management's current views and assumptions. As a result, there can be no assurance that management's expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as "believes," "plans," "expects," "anticipates," "foresees," "estimated," "hopes," "if," "develops," "researching," "research," "pilot," "potential," "could" or other words or phrases of similar import. Forward looking statements include descriptions of the Company's business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.
CONTACT: Ben Hansel, Hansel Capital, LLC. (720) 288-8495 ir@KraigLabs.com
Source:Kraig Biocraft Laboratories, Inc