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Kraig Biocraft Laboratories awarded Investment Certificate in Vietnam

The Investment Certificate was issued to the company during the Quang Nam Investment Conference on 26 March.

28th March 2017

Innovation in Textiles
 |  Ann Arbor, MI

Protective, Industrial, Clothing/​Footwear

Kraig Biocraft Laboratories, a leading developer of spider silk based fibres, has been awarded an Investment Certificate for the production of high technology silk in Vietnam’s Quang Nam province.

The Investment Certificate was issued to the company during the Quang Nam Investment Conference on 26 March, which was attended by Vietnam’s Prime Minister and numerous high level central government officials, including the ministers of all relevant governmental departments, as well as high level officials from Quang Nam province, including the Chairman and key provincial officials. Representing Kraig Labs at the meeting were the company’s CEO and Founder, Kim Thompson, and COO, Jon Rice.

“It was an honour to receive this award on stage from the Chairman in front of the Prime Minister,” said Mr Thompson. “This is a huge step forward in our plans to expand production on a large scale.  We look forward to the opportunity to revitalise silk production, using high technology, in an area of the world with a strong history of quality silks and textiles.”

Final step

This Investment Certificate award was the necessary and final step before the company seeks central government approval for the expansion of Kraig Labs’ business. The company’s efforts to secure that final approval are well underway, according to the manufacturer.

The Investment Certificate was issued to the company during the Quang Nam Investment Conference on 26 March. © Kraig Biocraft Laboratories

“I would like to personally thank the Chairman and his staff for working so closely with us to finalize the Investment Certificate,” stated Rice. “While this is a momentous occasion for Kraig Biocraft Laboratories and our shareholders, it is also a turning point in the commercialization of advanced fibres.”

Kraig Biocraft Laboratories

Kraig Biocraft Laboratories, a fully reporting biotechnology company, is a leading developer of genetically engineered spider silk based fibre technologies.

This Investment Certificate award was the necessary and final step before the company seeks central government approval for the expansion. © Kraig Biocraft Laboratories

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 commercialize 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

Further reading

Kraig Biocraft Laboratories completes site survey with Vietnamese officials

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