Kraig Biocraft Laboratories Inc. is an emerging biotech company with a strong intellectual property portfolio relating to genetic modification of silkworms to produce spider silk. The company believes this path of research will lead to the development of a new “super fiber” such as Kevlar. The total market for such fibers is believed to be about $90 billion annually.

Kraig Biocraft has reason to be excited about spider silk. The silk produced by spiders is among the strongest fibers produced in nature. Spider silk is also extremely elastic and resilient. Depending upon how measurements are made, spider silk is nearly as strong, or in some cases even stronger, than steel or Kevlar.

Spider silk has several properties that are unmatched even by the most exotic of man-made fibers. Spider silk has the unbeatable capacity to absorb energy and to dissipate this energy in a very