ANN ARBOR, Mich. – January 28, 2019 –Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“the Company”), the leading developer of spider silk based fibers, announced that it is providing an update on Prodigy Textiles’, the Company’s Vietnamese subsidiary, production operations.
The Company began production operations, at its Vietnamese subsidiary, in October of 2019. Due to climate conditions and farming cycles, silk is traditionally not produced during the winter in Vietnam. In its efforts to bring its revolutionary silk materials to
market, as soon as possible, the Company pushed ahead, rearing its silkworms through the winter months.
The Company hoped to overcome the production challenges of operating in the off season by utilizing its temperature controlled laboratories. While initially highly successful, the Company began to face setbacks in sustaining production during this traditional off season.
Fluctuating temperatures, and difficulties in sourcing high quality mulberry, led to production challenges. The Company has accelerated the planting of additional mulberry under contract and control to eliminate these issues for future production cycles.
The Company expects to re-ignite its production expansion over the next 30-45 days, as spring temperatures realign with production requirements. The Company will also use this growing season as an opportunity to improve its internal factory environmental control
protocols. When all controls are in place, the Company believe that it can successfully reach year-round production.
“As with any company’s first large scale production run, we expected some delays and challenges. These small hurdles will cause a short delay, but we do not anticipate any negative impact to our long term plans, quality, or capacity,” said Jon Rice, COO. “We assembled an
excellent team in Vietnam; they are tirelessly working to bring this vision of large scale spider silk production, from silkworms, to life. I am excited about the opportunities ahead for Kraig Labs and our eco-friendly spider silk materials.”
The outbreak of Coronavirus in China is not presently expected to have any significant impact on the Company or its operations. The Company does not source any materials or import from China, nor is China a major target market for the Company’s
products.
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