Kraig Biocraft Laboratories, Inc, a leader in spider silk-based fiber development, announces the receipt of a new investment license in Vietnam. This marks a major step in the Company’s efforts to scale up its production to meet increasing global demand for its cutting-edge spider silk materials.

The investment license enables Kraig Labs to significantly expand its production capabilities and respond to the growing number of inquiries for its high-performance fibers. The expansion will serve various markets, including textiles, defense, and medical sectors, all of which are eager for the availability of these breakthrough materials.

Founder and CEO Kim Thompson expressed excitement about the license, stating, "This is a crucial milestone in our journey towards cost-effective spider silk production. The license solidifies our commitment to scaling production and fulfilling demand."

Kraig Labs plans to develop advanced rearing facilities in Vietnam as part of its growth strategy. The Company remains dedicated to eco-friendly practices, ensuring that its innovative materials are not only strong and lightweight but also sustainable.

This investment marks a significant move forward in Kraig Labs’ vision to revolutionize material science with one of the 21st century's most impactful biomaterials.