My colleague here at Insider Financial, Jim Bloom, said that Kraig Biocraft Laboratories Inc (OTCMKTS: KBLB) was a fundamentally attractive investment when the stock was trading at just $.05 a share. Fast-forward to today and our subscribers who listened to Jim are sitting on 400% gains. Here is what Jim said at the time:
Kraig Biocraft Laboratories could be in for an impressive run in 2019 given the milestones it continues to achieve with its revolutionary silk technology. Price action indicates the stock could be on its way back to last year highs as the uptrend continues to gather pace.
As the company zeroes in on the athleisure market, we believe the gains could be just getting started.
Kraig Biocraft Background
First up, here’s a little background info for those of you that aren’t familiar with KBLB. Kraig Biocraft Laboratories, Inc. (www.KraigLabs.com), a reporting biotechnology company, is the leading developer of genetically engineered spider silk based fiber technologies. The Company achieved a series of scientific breakthroughs in the area of spider silk technology with implications for the global textile industry. Kraig’s recombinant spider silk fibers are lighter, stronger, and more flexible than traditional materials, offering unmatched material performance with sustainable and ecological manufacturing practices.
Polartec and Kraig Biocraft announced last month that they will be bringing to market the first fabrics made from spider silk. Initially developed for specialized military applications, these first-of-their-kind materials made from recombinant spider silk will eventually service the global market for high-performance textiles and apparel.
In joint development since 2016, Polartec and Kraig are applying the performance characteristics of spider silk into yarns for military-grade textiles. These fully renewable, biodegradable and biocompatible ‘super fibers’ are thin, lightweight, flexible, resilient, extraordinarily strong, and display strength-to-weight ratios more comparable to aramid fibers than other current performance fibers. In apparel applications, the possibilities of recombinant spider silks are particularly exciting, realizing unprecedented combinations of physical properties such as luxurious feel and breathable comfort with top durability. Kim Thompson, Kraig Laboratories founder and CEO said:
“Teaming with an industry leader such as Polartec is a real endorsement of our proprietary approach to unlocking the potential of commercially produced spider silk. Kraig believes that spider silk, with its superior mechanical characteristics, has the potential to surpass the current generation of high-performance fibers.”
Polartec is the right partner for Kraig Biocraft to have. Since inventing modern technical fleece in 1981, the engineers at Polartec continue to advance the science of fabric, creating fabric technologies that solve problems and improve the way products are designed and used. Polartec products range from lightweight wicking and cooling fabrics to insulation and weather protection textiles and are utilized by leading consumer brands, the U.S. Military, and other global militaries, flame resistance, workwear, and contract upholstery markets.
Currently trading with a market cap of $200 million, KBLB is one of the most exciting stories on the OTC Markets. While it’s $200 million market cap might be pricy to some, when you consider the athleisure space is a multi-billion-dollar market, $200 million is still cheap. This is especially true when Kraig Biocraft has partnered with Polartec, a company that can deliver Kraig’s technology to the masses. While there might be some profit taking considering the run so far this year, we believe that pullback should be dip buying opportunities
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Disclosure: We have no position in KBLB and have not been compensated for this article.
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