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Kraig Biocraft Laboratories Announces Production Expansion [Yahoo! Finance]

KRAIG BIOCRAFT LABS INC (KBLB) 
NASDAQ:AMEX Investor Relations: kraiglabs.com/investors
Company Research Source: Yahoo! Finance
Labs"), a world leader in spider silk technology*, today announced that it is preparing to add a third production facility as part of its plans for rapid expansion of recombinant spider silk production. Over the past 18 months, Kraig Labs has significantly advanced its production model, opening two rearing centers for recombinant spider silk production. The Company is now opening a third center to expand its capacity further. The Company reports that it is now well underway in identifying a site for this new facility and anticipates finalizing a location within the next 60 days. This new facility, like the Company's existing operations, will be established in one of the world's leading silk production regions. By situating operations within established silk-growing areas, the Company is able to leverage an experienced workforce, robust infrastructure, and a long-standing tradition of excellence in sericulture. Kraig Labs' multi-facility strategy is designed to support continuo Show less Read more
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