Kraig Biocraft Laboratories, Inc. is a young company that was founded by the inventor of the companyâ€™s technology and its current CEO, Kim Thompson. Mr. Thompson devised the idea for using silkworms to produce unique proteins that could be sold into both the technical textile and pharmaceutical industries. Should he be successful in this endeavor, it is widely believed that he will be considered one of the great geniuses of the biotech industry.
One of the keys to the companyâ€™s success will be spider silk. The marketplace has asked the question, what is so exciting about spider silk? The answer is rather complex but may revolutionize the biotech industry. The silk produced by spiders is among the strongest fibers produced in nature. It is also extremely elastic and resilient. Depending upon how measurements are made, spider silk is stronger than Kevlar or steel.
One of the significant properties of spider silk, however, is its extreme resistance to breaking under strain. Relative to this property, spider silk significantly outperforms virtually all known natural and synthetic fibers. It is this property that makes spider silk particularly appealing for use as a “super fiber”.
As of late, Kraig Biocraft has been rising up the charts on Wall Street. Currently, the company is a fully reporting organization and there are approximately 50 million common shares outstanding, with approximately 64% of these being held by the chief executive officer.
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