Kraig Biocraft Laboratories, Inc. announced it has now taken possession of its new recombinant spider silk production center in Lam Dong Province, Vietnam. This new facility is located in the heart of Vietnam's booming silk economy and will serve as the center of operations for the Company's growing spider silk production in 2024. The Company selected this facility and is opening this new operations center to support the significant expansion of silk production scheduled for spring 2024.

Securing this new facility is happening in parallel with the Company's recently announced MOU with the Vietnam Sericulture Association ("VSA") and Lam Dong Agro-Forestry Research and Experiment Center ("LAREC"). Kraig Labs expects this center will serve as a central location for collaboration with the VSA and LAREC to enhance sericulture in Vietnam. The Company anticipates this facility will also serve as the distribution and collection hub for the resulting recombinant spider silk fibers, yarns, and fabrics.

The facility is located in the center of Vietnam's largest silk-producing region, providing excellent access to fresh mulberry, skilled sericulture staffing, and cocoon reeling facilities.