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Share: ANN ARBOR, Mich., April 09, 2021 (GLOBE NEWSWIRE) Kraig Biocraft Laboratories, Inc. (OTCQB:KBLB) ( Company or Kraig Labs ), 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 ( Kings Group ), has established Spydasilk Enterprises Pte. Ltd. ( Spydasilk Enterprises ) as a Singapore based joint venture. This partnership represents the Company s first vertically integrated sales channel. Spydasilk Enterprises is developing a premium line of luxury streetwear based on Kraig Labs 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.

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