Kraig Biocraft Laboratories announces new spider silk production facility in Vietnam's silk capital

The Company selected this facility and is opening this new operations center to support the significant expansion of silk production scheduled for spring 2024.

Securing this new facility is happening in parallel with the Company's recently announced MOU with the Vietnam Sericulture Association ("VSA") and Lam Dong Agro-Forestry Research and Experiment Center ("LAREC").

Kraig Labs expects this center will serve as a central location for collaboration with the VSA and LAREC to enhance sericulture in Vietnam. The Company anticipates this facility will also serve as the distribution and collection hub for the resulting recombinant spider silk fibers, yarns, and fabrics.

The facility is located in the center of Vietnam's largest silk-producing region, providing excellent access to fresh mulberry, skilled sericulture staffing, and cocoon reeling facilities.

"We are prepared for 2024 to be a breakthrough year for the commercialization of spider silk. Positioning our operations in the heart of Vietnam's silk manufacturing center is a significant element of that growth," said CEO and Founder, Kim Thompson. "Our team is now preparing for the spring production trials and the launch of our new BAM 1 hybrid. We expect to have this new facility online to support these exciting milestones and the commercialization of our cost-effective, eco-friendly spider silk."