Kraig Biocraft Laboratories Provides Update on the Monster Silk(TM) Pilot Production Program's Second Stage; Program is Accompl
February 25 2013 - 6:05AM
Kraig Biocraft Laboratories, Inc. (OTCQB:KBLB) (the "Company" or
"Kraig"), the leading developer of advanced spider silk based fiber
technologies, announced today that the first two stages of its
Monster Silk™ pilot production program ("program") are running
ahead of schedule and that both stages of the program are on track
to meet or exceed the program's goals.
The production capacity for the first two stages exceeds the
Company's prior maximum capacities by a factor of four or five.
The program is designed to be the basis of the Company's large
scale commercial production of its recombinant spider
silks. The program is designed to run in three stages; with
each successive stage launching when the previous stage's data
indicates that the program is reaching, or exceeding, its
benchmarks.
The current data supports the continued fast-tracking of the
program, as the second phase is developing on track, surpassing the
trial's initial phase in terms of capacity and success
rates. The first stage continues to run ahead of expectations
and is already moving to an advanced state.
"So far the pilot production program has exceeded our
expectations and is confirming that our production model is fully
scalable, as Phase II surpassed the program's first phase, despite
the fact that it's a much larger trial," said Kraig founder and
CEO, Kim Thompson. "From the beginning, this has been an ambitious
program, which now appears to be rewarding our efforts. We are
continuing to rapidly advance through stage two of the production
program."
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. The Company has
recently launched a pilot production program as a major step toward
large scale commercial production.
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," "develops," "researching,"
"research," "potential," "could" or other words or phrases of
similar import. Similarly, statements in this release that describe
the Company's business strategy, outlook, objectives, plans,
intentions or goals should all be considered forward-looking
statements. 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.
Management cautions that its ability to further its research, and
create commercially-viable products may be affected by the
competitive environment, the Company's financial condition and its
ability to raise sufficient capital to meet the financial
obligations of its business plan and to fund its continuing
operations.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any security and shall not
constitute an offer, solicitation or sale of any securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of such jurisdiction.
CONTACT: Ben Hansel, Hansel Capital, LLC.
(720) 288-8495
ir@KraigLabs.com
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