– USA, MI – Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB), the leading developer of spider silk-based fibers, announces today that it has selected Jon Rice, the Company’s COO, to join its Board of Directors, as the Company advances and strengthens its corporate governance.
“We are pleased to welcome Jon, with his first hand working knowledge and experience of implementing our operations, to the Kraig Labs board,” said Chairman and CEO Kim Thompson. “Jon’s role and understanding of our Company, from the inside, will serve as a crucial bridge between day-to-day operational management and board governance.”
The addition of Rice, expected to begin this quarter, to the board will strengthen the overall skill set, perspective, and experience necessary to support and drive growth for all of the Company’s stakeholders. Rice’s understanding of Kraig’s operations will provide a strong link to the board’s fiduciary oversight responsibilities.
About Jon Rice
Rice has served as the COO of Kraig Biocraft Laboratories since 2015. In this role, Rice has overseen and led operations at the Company’s domestic research and development headquarters, as well as the recent breakthroughs in the scale up of its international production operations, through its subsidiary, Prodigy Textiles Co., Ltd. Prior to joining Kraig Labs, Rice served in a series of leadership roles developing and marketing advanced power systems, developed under contract with the US Department of Defense, which were successfully leveraged into commercial spinoff products. Rice blends technical and business operations expertise, holding a bachelor’s degree in engineering and a master’s in business administration.
“I am excited for the opportunity to expand my service to Kraig Labs and our shareholders in this new role,” said Rice. “The advancement we are making in all aspects of our business model, from research to governance and commercialization, make this a fantastic time to be part of Kraig Labs and our exciting growth.”
About Kraig Biocraft Laboratories, Inc.
Kraig Biocraft Laboratories, Inc., a reporting biotechnology company, is the leading developer of genetically engineered spider silk-based fiber technologies.
The Company has achieved a series of scientific breakthroughs in the area of spider silk technology with implications for the global textile industry.
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