Kraig Biocraft Laboratories, Inc. (KBLB.OB) on the Verge of Unlocking New Markets
Source: http://Blog.QualityStocks.net/?p=17140Posted on Thursday, August 13th, 2009 | In Market Commentary, Small & Micro Cap
Kraig Biocraft Laboratories, Inc. is focused on the development of high performance technical fibers and polymers using spiders and silkworms. While the production of a “super fiber” is the company’s primary focus at this time, it is also considering the production of other unique proteins using transgenic silkworms. It is thought there is a large viable market for such proteins in the pharmaceutical and biotechnology industries.
Kraig Biocraft is involved in research related to utilizing spider genes for insertion into silkworms to create a transgenic variety of silkworms. These silkworms will be capable of spinning a new “super fiber” that is similar to natural spider silk, which is one of the strongest and most resilient fibers known. Natural spider silk is five times as strong as steel of the same diameter.
Kraig Biocraft has acquired the exclusive US rights, in their field of use, to the genetic sequences patented by the University of Wyoming and the genetic engineering technology developed by the University of Notre Dame. The company is working directly in conjunction with leading genetic engineers at these universities to develop transgenic silkworms.
Kraig Biocraft’s intellectual property portfolio also includes a separate US provisional patent application regarding certain methodologies, genetic sequences, organic polymers and composites of fibers. The company expects this intellectual property portfolio to expand over the coming years.
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