Kraig Biocraft Laboratories, Inc. (KBLB.OB) is “One to Watch”
Source: http://Blog.QualityStocks.net/?p=14074Posted on Thursday, December 11th, 2008 | In Small & Micro Cap
Headquartered in Lansing, Michigan, Kraig Biocraft Laboratories, Inc. is a biotechnology company focusing on the development of commercially significant polymers and high performance fibers. The Company works with university scientists and laboratories to create new polymers with potentially broad applications. Spider silk gene sequences are at the core of Kraig Biocraft’s technology.
Spider Silk is one of the strongest fibers produced in nature. Dragline silk, the silk used when a spider is repelling, is of commercial interest. This natural polymer is extremely strong and extremely flexible. These properties of the underlying polymer create the potential for commercial opportunities. Kraig Biocraft has the exclusive right, for the spider silk gene sequences in their field of research. Dr. Lewis of the University of Wyoming first studied and then patented these genetic sequences. The Company obtained, in 2006, certain exclusive rights from the University to utilize the sequences in their field of use.
Spider Silk comes about when spiders spin liquid protein into solid fibers. Currently there are no known ways to produce the fibers in commercial quantity. Spiders are cannibalistic, and unable for raising in concentrated colonies, which prevents Spider Silk production. KraigLabs, with two leading universities, has obtained proprietary genetic engineering technology to find a way to produce this silk.
On Tuesday, Kraig Biocraft Laboratories announced that Dr. Malcolm Fraser, working in cooperation with Dr. Wang, Dr. Sohn, and other members of the scientific team, succeeded in more than doubling the number of gene transfers performed and greatly increasing productivity of the spider silk and high performance polymer- development program. The Company is working to gain some of the share of the $92 billion market for high performance and technical fibers.
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