Kraig Biocraft Laboratories, Inc., a leading developer of genetically engineered spider silk based fibers technologies has begun the process to open a new production and research center to accelerate increase in production capacity, in addition to its new domestic facility and its prospective operations in Vietnam.
To accelerate the process of establishing the new facility, the Company has signed a contract with a team of biotechnology regulation experts with a proven track record of successfully introducing new biotechnologies.
This new location is being planned to work in collaboration with the Company’s ongoing production expansion in the United States and prospective production in Vietnam.
They are excited to begin this new relationship as this move will create a third prospective production location which has been a consistent element of their long term growth plan for spider silk technologies. After a thorough assessment of potential locations and collaborators, I believe they have found the ideal location and partners for their planned third production facility, said COO Jon Rice.
The regional expertise in silk production and the appetite for ground breaking technology makes this a perfect complement to their plans in Vietnam and new facility in Indiana.
The Company’s announcement of its planned overseas expansion follows closely on the heels of the Company’s announcement that it has completed the build out of its new production facility in Indiana.
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