October 21, 2013 - United States Of America
October 21, 2013 - United States Of America
Under terms of the agreement, the two companies will jointly develop innovative textile products based on Kraig's Monster Silk fibers. Under the terms of the agreement, the two companies will jointly own textile product related intellectual property which is developed as a result of the collaboration.
Joint development will initially focus on Monster Silk weaving, testing and near term applications. The companies believe that this collaborative relationship will help expedite the commercialization of Monster Silk and future spider silk based technical fibers.
"This collaborative undertaking represents a huge step forward in our commercialization efforts. The pairing of Kraig's spider silk technology with Warwick's world-class technical textiles applications engineering and weaving abilities is a bold move which we believe will enhance and accelerate the penetration of spider silk into technical textile markets," said Kraig CEO and founder, Kim K. Thompson.
"Warwick Mills is recognized for engineering technical textiles with protective applications and its ability to bridge the gaps between innovative technologies and market integration. Their global reputation is built on the foundation of innovation and performance. I believe the joint development agreement is an important milestone and that Warwick's impressive capabilities makes them an ideal bridge builder between Kraig's expertise in spider silk technologies and the capturing of market share in the technical textiles arena," concluded Thompson.
"Warwick is looking forward to developing new textiles in cooperation with Kraig Biocraft Laboratories, and its Monster Silk technology. Spider silk fibers are a powerful new technological approach to potentially opening up new application and markets," stated Charles Howland, President of Warwick.
"The future of textiles will continue to be driven by innovation and we believe that our textile engineering capabilities and Kraig's fibers can change the game in some important applications. These technologies could potentially result in higher performance textiles which would enable very advanced safety and military equipment. This collaborative agreement is a big step forward in the development of exciting new textiles with potential applications for the technical textiles and protective textiles marketplace," concluded Howland.