Shares of Kraig Biocraft Laboratories Inc (OTCMKTS:KBLB) have been perhaps the most interesting story on the micro-cap scene in recent months. To further drive the story, the company just announced the creation of the next generation of recombinant spider silk using the Company’s new design, gene editing, and incorporation approaches. Shares dropped to close out last week, but remain well above rising major moving averages in a steep advance.
According to the release, “Kraig Labs designed this approach to customize mechanical properties for specific commercial markets and has demonstrated the ability to more quickly, accurately, and efficiently, generate new transgenics. This is the material science breakthrough that the Company has been pushing for since establishing the Dragon Silk line; this new transgenic was specifically engineered for high strength and significantly higher protein expression levels. This achievement marks a significant milestone in Kraig Labs’ mission to produce and commercialize eco-friendly materials that exceed the performance and strength of native spider silk.”
Kraig Biocraft Laboratories Inc (OTCMKTS:KBLB) bills itself as a company that focuses on developing protein based fibers using recombinant DNA technology for commercial applications in the textile and specialty fiber industries in the United States. This fully reporting biotechnology company is the leading developer of genetically engineered spider silk based fiber technologies.
KBLB has achieved a series of scientific breakthroughs in the area of spider silk technology with implications for the global textile industry.
Core product technology is aimed at military and police applications for ballistic protection; industrial applications, including critical cables and abrasion/impact resistant components; safety equipment; composite materials for the aero-space industry; and for ballistic protection by the defense industry.
Its products are also used in various markets, such as medical textiles, geo textiles, defense and military textiles, safe and protective clothing, filtration textiles, transportation textiles, textiles used in buildings, composites with textile structure, and functional and sportive textiles.
According to company materials, “Kraig Labs (OTC: KBLB) is the leading developer of genetically engineered spider silk based fiber technologies. Kraig’s recombinant spider silk fibers are lighter, stronger, and more flexible than traditional materials, offering unmatched material performance with sustainable and ecological manufacturing practices.”
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As noted above, KBLB just announced the creation of the next generation of recombinant spider silk using the Company’s new design, gene editing, and incorporation approaches.
Recent action has seen 19% piled on for shareholders of the company during the trailing month. Moreover, the name has seen a growing influx of trading interest, with the stock’s recent average trading volume running 390% over the long run average.
“This breakthrough has powerful ramifications that affect the core of how we develop future spider silk materials,” said COO Jon Rice. “These newly confirmed transgenics mark a revolutionary advancement in capability of our spider silk materials. The new tools developed by Dr. Trevor Kane and our research team will allow us to target commercial markets that were not originally on our radar.”
Now commanding a market cap of $234.01M, KBLB has a chunk ($908K) of cash on the books, which must be weighed relative to about $4.4M in total current liabilities. KBLB is pulling in trailing 12-month revenues of $293K. However, the company is seeing declines on the top-line on a quarterly y/y basis, with revenues falling at -100%. This may be a very interesting story and we will look forward to updating it again soon. Sign-up for continuing coverage on shares of $KBLB stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $KBLB, either long or short, and we have not been compensated for this article.