If you are currently looking into innovative companies then Kraig Biocraft Laboratories Inc (OTC: KBLB) could be one of the companies to keep an eye on. This morning the company came into focus in a big way after it made an announcement about the receipt of investment license in a market. In light of such an announcement investors could consider taking a closer look.
New Investment
The spider silk based fiber developer announced this morning that it had received a new investment license for Vietnam. In the news release Kraig Biocraft Laboratories noted that it was a major new milestone since it would enable the company to expand its operations and meet the rising demand for its high performance spider silk based fibers. The company stated that the investment license would allow it to scale up its production operations considerably and help it in processing the rising requests for its products.
Rising Demand
The company also noted that it had also fielder a greater number of requests for quotes about its products from prospective clients. The expansion would help Kraig Biocraft Laboratories in providing its innovative fiber to a larger pool of consumers with considerably more easy. It may be a good time to add the stock to your watch lists.
Key Quote
“We are thrilled to secure this new investment license in Vietnam. This license is a testament to our commitment to expanding our production capabilities and the confidence the team placed in our technology,” said Founder and CEO of Kraig Labs, Kim Thompson. “This license positions us to grow our production footprint and fulfill the increasing demand for materials. This expansion is moving us forward with our vision for cost-effective spider silk production become a reality.”
