In Michigan, Kraig Biocraft Laboratories, Inc., a developer of spider silk based fibers, provided an update on progress towards the commercialization of spider silk technology following last week’s announcement of the formation of its Vietnamese subsidiary, Prodigy Textiles Co,. Ltd., its main production arm for spider silk technologies.
Kraig Biocraft is gearing up production of its proprietary spider silk silkworm eggs in preparation for shipment to Prodigy. These Silkworms are slated to be the first transgenics produced at Prodigy.
Company management is now preparing to travel to Vietnam to oversee Prodigy’s launch, where they will also be oversee hiring core staff, the transfer of the Company’s spider silk silkworm technology, and the beginning of operations.
“Momentum at Prodigy is growing and we’re focused on the exciting milestones ahead,” said Jon Rice, COO. “We are busy preparing silkworm eggs for shipment and putting the team in place at Prodigy to hit the ground running. We are now taking concrete steps to build on all the work we’ve done in Vietnam and to convert that into a thriving operation for spider silk production.”