#Raw Materials

2022-11-24

Kraig Biocraft Laboratories completes closeout of $8 Million financing, extinguishing all convertible debentures with Yorkville advisors

Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) ("Company" or "Kraig Labs"), the biotechnology company focused on the development and commercialization of spider silk, announces that it has completed the debt-to-equity conversion on $8 million of convertible debentures with Yorkville Advisors. This closeout comes several months ahead of schedule and positions the Company to enter 2023 without any convertible debt obligations to Yorkville Advisors.

The Company would like to thank Yorkville Advisors and Maxim Group for supporting its vision to transform the textile markets with large-scale production of cost-effective and eco-responsible spider silk.

Kraig Labs currently has more than $4.5 million of deployable liquid assets and will continue to use this capital to develop end-market products and strengthen the supply chain creating its revolutionary spider silk technologies.

“While this financing has been a critical element of our transition to commercialization, we are pleased to report that we have eliminated the burden of this debt and enter the holiday season in a solid financial position. We continue to judiciously deploy this capital to build out our spider silk production capacity. Our focus now is on increasing that production, including further strengthening our production infrastructure. An important part of that program is the planned rollout of new hybrids. Our target remains metric ton production,” said CEO Kim Thompson.

To view the most recent news from Kraig Labs and/or to sign up for Company alerts, please go to http://www.KraigLabs.com/news.

Texprocess 2026: Automation, digitalisation and AI redefine textile processing

Making investment decisions in textile processing has become significantly more demanding. Increasing energy costs, a shortage of skilled labour and ongoing geopolitical uncertainties are compelling companies to focus on technologies that deliver clear gains in efficiency and process reliability. This applies equally to apparel manufacturing and to the processing of technical textiles and high-performance materials. As a result, modernisation initiatives are assessed more carefully – even as the need to upgrade production systems continues to intensify.

Techtextil 2026: Between innovation pressure & market reality

From 21 to 24 April 2026, Techtextil in Frankfurt am Main will once again become the central meeting point for the international technical textiles and nonwovens industry. Running in parallel, Texprocess will focus on the industrial implementation of textile processing technologies as the leading platform in this field. Together, the two trade fairs form a closely integrated presentation and working platform along the entire textile value chain – from material development to finished applications.

Between geopolitical pressure and industrial resilience

In this interview, Dr. Janpeter Horn (VDMA) discusses the current challenges facing textile machinery manufacturers, shaped by geopolitical tensions, regulatory developments and subdued investment. He also outlines why innovation strength, integrated solutions and strategic positioning remain key to global competitiveness.

China projected to increase cotton production, yields, and imports in 2026/27

World cotton production in the 2026/27 season is projected at 25.9 million tonnes, exceeding global consumption of 25.2 million tonnes, according to the May 2026 issue of Cotton This Month. That means both production and consumption are expected to remain close to current season levels, while global cotton trade is projected to decline by 2.7% to approximately 9.6-9.7 million tonnes.

ECCO introduces first shoe featuring innovative protein-based fibre

ECCO, in partnership with Spinnova, announces the launch of the limited edition ECCO BIOM® 720, a first-of-its-kind shoe utilising an often overlooked leather by-product, transformed into a protein-based fibre. The fibres are produced using patented technology that advances material innovation while reducing waste and supporting full resource use across the leather and textile industry.

Trützschler and Wisdom-Greentech held a signing ceremony for the ultra-high-speed 4.2m Air-Through Bonding (ATB) line

On May 20, 2026, Trützschler and Wisdom-Greentech, a Chinese customer specializing in high-end maternal, infant & child care industry and related disposable nonwoven products, held a signing ceremony for the purchase of a ultra-high-speed 4.2m ATB line in Geneva, Switzerland. This cooperation not only represents a deepened partnership between the two parties in the ATB sector, but also marks a new milestone in production efficiency for the high-end maternal, infant and child care product industry chain. This jointly developed 4.2m ATB line is more than just an investment. It stands as a milestone achievement of Sino-German technological cooperation, empowering the high-end hygiene industry including feminine care, adult care and related disposable nonwoven products, and realizing a dual breakthrough in production capacity and product quality.

Wangjin holdings signs 10th production line agreement with Trützschler – Driving innovation in the eco-friendly nonwovens industry

Wangjin Holdings and Trützschler held a grand signing ceremony for the Pulp X Spunlace Nonwoven Production Line, alongside the successful commissioning ceremony of Line 3 of Zhejiang Jinnuo Medical New Material Technology Co., Ltd., a subsidiary of Wangjin Holdings, in Geneva, Switzerland on May 20, 2026. The newly signed Pulp X production line marks the 10th production line that Wangjin Holdings has introduced from Trützschler. It is not only the strategic implementation outcome of Wangjin Holdings' decade-long deep cultivation and continuous layout in the nonwovens sector, but also demonstrates its unwavering commitment to leading the innovative development of the global eco-friendly nonwovens industry, injecting powerful new momentum into the industry's green transformation.

Trützschler establishes in-depth strategic cooperation with Fujian Leo Group

The strategic cooperation signing ceremony between Trützschler and Fujian Leo Group, a Chinese customer specializing in the R&D, production and sales of personal hygiene products for ten 4.2m Air-Through-Bonding (ATB) lines was grandly held in Geneva, Switzerland. The signing marks a new milestone in the partnership. Leveraging Trützschler’s advanced nonwoven technology, Fujian Leo Group will complete a large-scale production line upgrade, further consolidate its production capacity advantages and strengthen its core competitiveness in the industry.

INDEX 2026: Reicofil introduces RF 5.10 upgrade boosting output by 10 percent

At INDEX 2026, Reifenhäuser Reicofil will present its latest developments for the nonwovens industry under the guiding themes “Grow Together”, “Expand Together” and “Transform Together”. On this occasion, the leading manufacturer of nonwoven machinery will be unveiling two brand-new technology advancements – RF 5.10 upgrade and RF Core – at the show.