Kraig Biocraft Labs to develop a 'super fiber'

12 Aug '08

1 min read

Kraig Biocraft Laboratories Inc, Emerging Growth Research, LLP issued a report late last month on Kraig Biocraft Labs putting a Speculative BUY rating and a target price of $4 a
share.

Analyst Joseph Noel said "We are clearly excited about this company's prospects to develop a 'super fiber' that can be sold into the technical textiles industry".

The report states the company is in possession of the coded gene sequences relating to spider silk production and is currently working on microinjections of this material into silkworm eggs.

No requirement for FDA approval enables the company to fast track into production, licensing agreements or direct sale once microinjection is successful, which is estimated by the end of 2008.

Kraig Biocraft Labs Kraig Biocraft Laboratories is a technology company focused on the development of commercially significant high-performance polymers, technical fibers and diverse platform technologies.

Based on proprietary genetic engineering technology, Kraig is working to develop and produce polymers and protein-based materials including Spider Silk.

Kraig Biocraft Laboratories Inc

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