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Kraig Biocraft Laboratories Successfully Completes Cocooning in First Commercial Production Run of BAM-1 Spider Silk Hybrids
Brookfield Asset Management .Brookfield Asset Management .(US:BAM) GlobeNewswire News Roomยท2024-06-17 11:05

Group 1 - The company has successfully completed the first commercial production run of its BAM-1 hybrids, launching 30 days ahead of schedule due to successful spring production trials [1][2] - The BAM-1 hybrids represent a 10X increase in production volume compared to spring trials, generating over 325 pounds of recombinant spider silk cocoons, marking the largest batch ever produced [1][2] - The company is preparing for further commercial expansion and significant scale-up in BAM-1 hybrids, aiming to achieve metric-ton-level spider silk production [2][3] Group 2 - The BAM-1 hybrids were developed to improve robustness for large-scale spider silk manufacturing needs, indicating a strategic focus on commercialization [2][4] - The company founder and CEO expressed confidence in rapid scale-up of spider silk production in 2024, emphasizing a commitment to cost-effective and eco-responsible practices [3][4] - The company has made significant scientific breakthroughs in spider silk technology, which have implications for the global textile industry [4]