In just over two weeks the company has staffed and equipped a fully functional laboratory and is now in the process of developing the next generation of spider silk products. The lab was finished ahead of schedule, and under budget, the company reports.

“The opening of this new lab is a watershed moment for the company,” said Jon Rice, COO.  “Our new facility gives us the capacity to design, develop, and test new Spider Silk formulations, which give us the ability to rapidly develop new products going into 2018. We have brought on additional staff over the last 60 days, to take our ground-breaking Spider Silk technology to the next level. Recent developments have reinvigorated our team, making us as excited today, as we were when we began our journey.”

The company received a US Army contract worth of up to US$ 1 million, for the development of high performance fibres for protective apparel applications in July 2016. Under the fully funded base effort, the company will deliver ballistic shoot packs constructed from its proprietary Dragon Silk material for performance testing.

Kraig Biocraft Laboratories, a fully reporting biotechnology company is a leading developer of genetically engineered spider silk based fibre technologies. The company says its genetic engineering research has succeeded in developing a practical and cost-effective technology for producing recombinant spider silk based fibres on an industrial scale. Kraig Biocraft Laboratories is moving rapidly to commercialise its spider silk technology, which it believes will have a significant impact on the global textiles industry.

At the same time, the company is continuing to work in cooperation with leading laboratories to create new stronger and more flexible spider silk based fibres with potentially broad applications for consumers and industry in the multi-billion-dollar marketplace for textiles and performance polymers.

www.kraiglabs.com