Kraig Biocraft Laboratories (KBLB) Announces a New Joint Venture: What Next?

On Friday, the Kraig Biocraft Laboratories Inc (OTC: KBLB) stock was on the move and managed to record gains of 4%. The rally in the stock came about after the company made an important announcement on Friday.

Kraig Biocraft, which is involved in developing and commercializing spider silk, announced that it established a Singapore-based joint venture named Spydasilk Enterprises Pte. Ltd. The joint venture in question has been established in collaboration with M the Movement, Kings Golden Harvest Pte Ltd, better known as Kings Group.

It is a major development for the company and it is going to be the first vertically integrated sales channel for Kraig Biocraft. Spydasilk is going to be involved in the manufacturing of high-end streetwear that is going to be based on the spider silk technologies belonging to Kraig Biocraft. The joint venture is also going to have exclusive sales rights for those products in the Southeast Asian Nations area.

Uson Abdilazhanov

Editor and Computer ExpertA hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.

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