Kraig Biocraft Laboratories, the leading developer of spider silk based fibres, has received certification allowing it to begin operations in Vietnam.

The company has finally been issued with the long-awaited Enterprise Registration Certificate (ERC), required to begin operations at its new subsidiary in Vietnam where it intends to establish large commercial-scale spider silk production.

Kraig Biocraft has been working with the Vietnamese government at both the central and provincial levels for five years. Vietnam has been the focus of the company's efforts due to the country's existing silk production infrastructure.

"These licenses to operate in a traditional silk producing region are the most substantial milestones for Kraig labs commercial development since the creation of our first spider silk transgenics," said Kraig Labs founder and CEO, Kim Thompson. "Our teams in the US and in Vietnam have been working closely with officials in Quang Nam province and with central government ministries to bring this long standing vision to reality."

The company's advanced silk production platform was designed specifically to fit within and utilise existing silk industry infrastructure. Its systems were designed that way in order to provide what Kraig Biocraft believes to be a significant and nearly insurmountable competitive advantage.

"Our work to obtain these approvals has been driven by our goal of producing recombinant spider silk on a large scale, which can only be achieved by harnessing the opportunities presented by existing large scale silk production infrastructure," added Thompson.

The company says the clearance will now allow it to scale its product to much greater levels by harnessing existing silk production infrastructure with the capacity to match the demand for its spider silk materials.

"Today's announcement is more than just a major milestone for the company, it's a revolutionary step in the commercialisation of spider silk," says Jon Rice, Kraig Labs' COO. "More than five years of hard work, meetings, and extensive legal and regulatory paperwork, have gone into securing these approvals and licenses. We now stand ready to change an entire industry."

The news follows closely on the heels of last week's announcement of the formation of the company's Vietnamese subsidiary Prodigy Textiles Co. Ltd. and the receipt of that subsidiary's Investment Registration Certificate (IRC).

With the issuance of both its IRC and ERC, Prodigy Textiles Co. Ltd is preparing to begin operations in Quang Nam province. Management is preparing to hire staff for the new facilities and is prepping the first allotment of transgenic silkworms to ship from its US research headquarters.

The issuance of the licenses marks a major milestone for Kraig Biocraft Laboratories and the commercialisation of spider silk. The company estimates it can produce its recombinant spider silk at prices similar to mundane silk, giving it a tremendous competitive advantage.