ANN ARBOR, Mich., Jan. 24, 2017 (GLOBE NEWSWIRE) -- Kraig Biocraft Laboratories, Inc. (OTCQB:KBLB) (“Company”), the leading developer of spider silk based fibers, today announced it had secured a long term property lease in Texas for the Company’s domestic mulberry production. Over the next 60 days the Company will complete the first phase of expansion by preparing the land and planting 2,000 mulberry trees. These trees will provide the Company with the continuous supply of fresh mulberry leaves needed to produce its record setting Dragon SilkTM. The Company expects to see an improvement in materials performance and a reduction in production costs by as much as 30% through the use of locally sourced mulberry.
“Signing this lease and opening this new facility brings with it a new era for Kraig Labs and silk production in the US,” said COO Jon Rice. “Establishing domestic mulberry production has long been a key piece of our growth plan, today we are pleased to be able share the success of our efforts in bringing that vision into reality. Over the coming months we will complete the planting of the first 2,000 trees and prepare the facility for the next phase of expansion.”
This property offers the Company significant capacity for growth with room for tens of thousands of more trees.
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For more information about Spider Silk, check it out at www.kraiglabs.com/spider-silk.
About Kraig Biocraft Laboratories, Inc.
Kraig Biocraft Laboratories, Inc. (www.KraigLabs.com), a fully reporting biotechnology company is the leading developer of genetically engineered spider silk based fiber technologies. The Company has achieved a series of scientific breakthroughs in the area of spider silk technology with implications for the global textile industry.
Cautionary Statement Regarding Forward Looking Information
Statements in this press release about the Company’s future and expectations other than historical facts are “forward-looking statements.” These statements are made on the basis of management’s current views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as “believes,” “plans,” “expects,” “anticipates,” “foresees,” “estimated,” “hopes,” “if,” “develops,” “researching,” “research,” “pilot,” “potential,” “could” or other words or phrases of similar import. Forward looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.
Ben Hansel, Hansel Capital, LLC (720) 288-8495 ir@KraigLabs.com
