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Kraig Biocraft inks Vietnamese MoU for rearing spider silk
17
Jun '15
US based Kraig Biocraft Laboratories, a developer of spider silk based fibres, has signed a memorandum of understanding (MOU) with a provincial government in Vietnam.

“This MOU outlines a framework for the creation and rearing of transgenic silkworms in Vietnam,” a Kraig Biocraft Laboratories press release informed.

“Pursuant to the MoU, Kraig Labs and the Vietnamese provincial government will jointly develop a cooperative plan for the development and production of Kraig Labs trangenics in Vietnam,” it said.

“The Central and Provincial Government officials in Vietnam with whom we have held extensive meetings share our passion and vision for reinvigorating the silk industry,” CEO Kim Thompson said.

This new relationship should bring new opportunities for both the Company and Vietnam and the goal is commercialisation of our disruptive technology for the technical textile markets,” Thomson added.

“Vietnam offers specialised silk infrastructure which is ideal for expanding our operations and its tradition of quality silk production makes it an excellent fit for our transgenic silkworms,” she noted.

Kraig Biocraft informed that is continuing to work with the provincial government to develop advanced research and development facilities in Vietnam, as well as pilot production of transgenic hybrids.

Negotiations for a final agreement incorporating the terms of the MOU are expected to conclude in the third quarter of 2015.

Kraig Biocraft Laboratories, a fully reporting biotechnology company, is the leading developer of genetically engineered spider silk based fiber technologies.

The Company has achieved a series of scientific breakthroughs in the area of spider silk technology with implications for the global textile industry. (AR)

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