{"id":474105,"date":"2021-04-09T07:08:05","date_gmt":"2021-04-09T11:08:05","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=474105"},"modified":"2021-04-09T07:08:05","modified_gmt":"2021-04-09T11:08:05","slug":"kraig-biocraft-laboratories-and-kings-group-form-spydasilk-enterprises-pte-ltd-a-singapore-based-joint-venture-company-for-the-marketing-and-sales-of-spider-silk-based-products","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kraig-biocraft-laboratories-and-kings-group-form-spydasilk-enterprises-pte-ltd-a-singapore-based-joint-venture-company-for-the-marketing-and-sales-of-spider-silk-based-products\/","title":{"rendered":"Kraig Biocraft Laboratories and Kings Group form Spydasilk Enterprises Pte. Ltd., a Singapore based Joint Venture Company, for the marketing and sales of spider silk based products"},"content":{"rendered":"<h2>\nKraig\u2019s joint venture with Kings is tied to the previously announced exclusive spider silk purchase and sales agreement valued at up to US$40 million<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">ANN ARBOR, Mich., April  09, 2021  (GLOBE NEWSWIRE) &#8212; Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (\u201cCompany\u201d or \u201cKraig Labs\u201d), the biotechnology company focused on the development and commercialization of spider silk, announces that the Company, together with M the Movement, Kings Golden Harvest Pte Ltd (\u201cKings Group\u201d), has established Spydasilk Enterprises Pte. Ltd. (\u201cSpydasilk Enterprises\u201d) as a Singapore based joint venture.<\/p>\n<p>This partnership represents the Company\u2019s first vertically integrated sales channel.<\/p>\n<p>Spydasilk Enterprises is developing a premium line of luxury streetwear based on Kraig Labs\u2019 spider silk technologies with exclusive sales rights within the Association of Southeast Asian Nations (ASEAN) region. The move positions Kraig Labs and Kings Group to advance their partnership, which began with a previously announced exclusive purchase and sales agreement valued at up to US$40 million.<\/p>\n<p>\u201cBased on our initial efforts, there is a definite demand for spider silk technology and product developers are very excited about working with these super fibers,\u201d said Walter Wee, CIO of Kings Group. \u201cIn addition to building up the Spydasilk brand, we must build Spydasilk\u2019s vendor and customer bases. We are already having great success with clients that share our vision and passion for spider silk. We believe that their efforts will further broaden Spydasilk\u2019s market opportunities in multiple industries asides from the fashion industry,\u201d continued Wee.<\/p>\n<p>The new joint venture company will commercialize Kraig Labs\u2019 biodegradable and biocompatible \u2018super fibers\u2019, using a scalable and cost-effective spider silk production platform and patented spider silk gene sequences in silkworms.<\/p>\n<p>\u201cThis new joint venture is the beginning of the fulfillment of my original vision for Kraig Labs, where we are able to vertically integrate and capture intermediate and end product margins. Thanks to Walter and the Kings Group team, Spydasilk should hit the ground running. We have high expectations for the future of spider silk and Spydasilk Enterprises,\u201d said Kim Thompson, Kraig Labs\u2019 founder and CEO.<\/p>\n<p>To view the most recent news from Kraig Labs and\/or to sign up for Company alerts, please go\u00a0to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=DrlXhsPgE-43SzB41XZtxLdnaj9vl8Z2xTR4KW6zbz1ARQFiUKP6byuGar28l8GmsVe7QYYzrPRNeofZM1W0Y4ZMnfiuWuhWz7LALPue0Vg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.KraigLabs.com\/news<\/u><\/a>.<\/p>\n<p>About Kings Group and M the Movement<\/p>\n<p>Kings Group is headquartered in Singapore and established regional offices with multiple assets in Indonesia and Vietnam. Kings Group envisions itself to be a forerunner in International Marketing and Trading; bridging domestic businesses and projecting their products internationally.<\/p>\n<p>For further information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-6IZLo-M9lhJYMrMupQ0wwTQUIoZBqJhdR0iBAokxU2NjnBoA7iGYq0Mv-MTpME_ppBoxuhyUuL3wcEGZ_Aw3w==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.kings.com.sg<\/a>.<\/p>\n<p>M the Movement is Kings Group\u2019s premiere eco-friendly luxury streetwear line. Internationally recognized and loved by celebrities globally.<\/p>\n<p>For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=v3PS34rc-rrUYsErad9prk8mhnI5_ugZ0XIpn657K0NoQjg1dqG4lO8G2a7wIMOfbZ_YT1mAHEZlyjyRtoFHb81DcJfoJR5KMf8ooKU7nN0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.mthemovement.com<\/a><\/p>\n<p>About Kraig Biocraft Laboratories, Inc.<\/p>\n<p>Kraig Biocraft Laboratories, Inc. (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=DrlXhsPgE-43SzB41XZtxDfjM3Xeim63hs5CIDM4BLTt7LGfqWnG_6sIjWmV-DIMzTAHJrpUHqykuWreQMHCGw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.KraigLabs.com<\/u><\/a>), a reporting biotechnology company, is a developer of genetically engineered spider silk based fiber technologies.<\/p>\n<p>Cautionary Statement Regarding Forward Looking Information<\/p>\n<p>Statements in this press release about the Company\u2019s future and expectations other than historical facts are \u201cforward-looking statements.\u201d These statements are made on the basis of management\u2019s current views and assumptions. As a result, there can be no assurance that management\u2019s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as \u201cbelieves,\u201d \u201cplans,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cforesees,\u201d \u201cestimated,\u201d \u201chopes,\u201d \u201cif,\u201d \u201cdevelops,\u201d \u201cresearching,\u201d \u201cresearch,\u201d \u201cpilot,\u201d \u201cpotential,\u201d \u201ccould\u201d or other words or phrases of similar import. Forward-looking statements include descriptions of the Company\u2019s 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.<\/p>\n<p>Ben Hansel, Hansel Capital, LLC<br \/>(720) 288-8495<br \/><u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=v1JPWm_asK8s8d88HOMfQeruAFj2QjG7AShyxYLFmGqsgG8OZCjrys5G3bvekOr8SwMb162TBs7Inltfr59iNw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ir@KraigLabs.com<\/a><\/u><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxNDAxNiM0MTEyNjIxIzUwMDA3MTM0NQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/72951c5a-ed6f-481e-a50e-3fc44c895e05\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kraig\u2019s joint venture with Kings is tied to the previously announced exclusive spider silk purchase and sales agreement valued at up to US$40 million ANN ARBOR, Mich., April 09, 2021 (GLOBE NEWSWIRE) &#8212; Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (\u201cCompany\u201d or \u201cKraig Labs\u201d), the biotechnology company focused on the development and commercialization of spider silk, announces that the Company, together with M the Movement, Kings Golden Harvest Pte Ltd (\u201cKings Group\u201d), has established Spydasilk Enterprises Pte. Ltd. (\u201cSpydasilk Enterprises\u201d) as a Singapore based joint venture. This partnership represents the Company\u2019s first vertically integrated sales channel. Spydasilk Enterprises is developing a premium line of luxury streetwear based on Kraig Labs\u2019 spider silk technologies with exclusive sales rights within the Association of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kraig-biocraft-laboratories-and-kings-group-form-spydasilk-enterprises-pte-ltd-a-singapore-based-joint-venture-company-for-the-marketing-and-sales-of-spider-silk-based-products\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Kraig Biocraft Laboratories and Kings Group form Spydasilk Enterprises Pte. Ltd., a Singapore based Joint Venture Company, for the marketing and sales of spider silk based products&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-474105","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kraig Biocraft Laboratories and Kings Group form Spydasilk Enterprises Pte. 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Spydasilk Enterprises is developing a premium line of luxury streetwear based on Kraig Labs\u2019 spider silk technologies with exclusive sales rights within the Association of &hellip; Continue reading &quot;Kraig Biocraft Laboratories and Kings Group form Spydasilk Enterprises Pte. 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Ltd., a Singapore based Joint Venture Company, for the marketing and sales of spider silk based products - Market Newsdesk","og_description":"Kraig\u2019s joint venture with Kings is tied to the previously announced exclusive spider silk purchase and sales agreement valued at up to US$40 million ANN ARBOR, Mich., April 09, 2021 (GLOBE NEWSWIRE) &#8212; Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (\u201cCompany\u201d or \u201cKraig Labs\u201d), the biotechnology company focused on the development and commercialization of spider silk, announces that the Company, together with M the Movement, Kings Golden Harvest Pte Ltd (\u201cKings Group\u201d), has established Spydasilk Enterprises Pte. Ltd. (\u201cSpydasilk Enterprises\u201d) as a Singapore based joint venture. This partnership represents the Company\u2019s first vertically integrated sales channel. Spydasilk Enterprises is developing a premium line of luxury streetwear based on Kraig Labs\u2019 spider silk technologies with exclusive sales rights within the Association of &hellip; Continue reading \"Kraig Biocraft Laboratories and Kings Group form Spydasilk Enterprises Pte. 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