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Kraig to add two new independent corporate board directors

01
May '19
Pic: Kraig Biocraft Laboratories
Pic: Kraig Biocraft Laboratories
Kraig has announced that it has initiated the process of identifying qualified corporate leaders, to assist in the company’s growth, as it plans to add two new independent corporate board directors. Kraig is a fully reporting biotechnology company focused on the commercialisation of new textiles and high performance fibres including spider silks.

“With the successful delivery of our proprietary spider silk technology to Prodigy Textiles, our Vietnamese subsidiary, we are now moving into the production phase of our business plan. We believe that this is the right moment to bring on additional expertise to support the company’s efforts to bring spider silk to the performance textile markets. The addition of these new board members will assist our growth through this exciting transition to commercialisation and help keep our focus on continuing to create shareholder value,” COO of the company Jon Rice said in a press release.

Expanding the Board of Directors is an important advancement in Kraig’s business model and is an important milestone for the company as it contemplates up-listing to a larger exchange.

“We plan to conduct a careful search, to identify independent board members who can contribute expertise and crucial market experience, as we look to rapidly grow our capacity and expand our strategic market channel partner networks,” CEO and founder of the company, Kim Thompson said. (GK)

Fibre2Fashion News Desk – India


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