This new license will be utilized in connection with the Company's recently announced memorandum of understanding with the
The Investment License application is part of the creation of a new wholly-owned subsidiary of
"This business investment in the highlands has been a long-term strategic goal for
The Company's management intends to remain aggressive in the execution of its business plan for the production of recombinant spider silk in 2024.
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About
The Company has achieved a series of scientific breakthroughs in the area of spider silk technology with implications for the global textile industry.
Cautionary Statement Regarding Forward Looking Information
Statements in this press release about the Company's future and expectations other than historical facts are "forward-looking statements." These statements are made on the basis of management's current views and assumptions. As a result, there can be no assurance that management's expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as "believes," "plans," "expects," "anticipates," "foresees," "estimated," "hopes," "if," "develops," "researching," "research," "pilot," "potential," "could" or other words or phrases of similar import. Forward looking statements include descriptions of the Company's business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.
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ir@KraigLabs.com
Source:
2024 GlobeNewswire, Inc., source