Kraig Biocraft Laboratories, Inc. (KBLB.OB) Focuses on the $92 Billion Technical Textile Industry
CEO Kim Thompson made the company’s position in the $92 Billion Technical Textile market clear. The industry is projected to mature to $127 billion in 2010. This market consists of high-strength fibers used in composites, ballistic protection, armor and high strength cable, to name a few. Mr. Thompson provides the case in point of DuPont's participation in this market, whose annual sales with Kevlar, Tyvek, and the like is roughly $5.6 billion a year. He pointed out that Kraig's focal point is in this identical marketplace with its development of spider silk-based, high performance fibers. Spider silk is one of…