Kraig Biocraft Signs MoU With Provincial Government of Vietnam

After a series of successful meetings, United States-based Kraig Biocraft Laboratories Inc. has signed a memorandum of understanding (MoU) with the provincial government of Vietnam outlining a framework for the rearing of transgenic silkworms in Vietnam for mass-produced spider silk. Kraig currently is working with the government to develop advanced research and development facilities in Vietnam, and to pilot production of transgenic hybrids. A final agreement outlining the terms of the MoU should be complete by the end of the third quarter 2015.

“This MoU represents a breakthrough for Kraig Labs and potentially the silk industry,” said Kim Thompson, CEO, Kraig Biocraft. “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. This new relationship should bring new opportunities for both the company and Vietnam.

“Vietnam offers specialized silk infrastructure which is ideal for expanding our operations,” Thompson added. “Vietnam’s tradition of quality silk production makes it an excellent fit for our transgenic silkworms. This cooperative will further serve to support our recombinant silk technology, its many applications and end markets.”

Fall 2015