Z Trim Holdings Inc., a biotechnology company providing value-added ingredients to companies in the food and industrial markets, announced that it has entered into an agreement with a leading multinational specialty food products company. Under the agreement, the firms will work cooperatively to explore opportunities for the development and commercialization of new applications for Z Trim's technology and cellulosic materials in the food industry, including using Z Trim's exclusive processes in conjunction with the specialty food products company's existing products portfolio. Pursuant to a non-disclosure agreement, and at their request, Z Trim has agreed not to disclose the company's name at this time.
"We are confident that we can help to further enhance this company's already impressive line of value-added ingredients," said ZTHO CEO Steve Cohen. "Both companies share a commitment to innovation, quality and sustainability. The unique combination of Z Trim's patented technology and this company's resources, expertise and integrated platform, is sure to produce a wide range of beneficial products for consumers and value for both companies and our respective shareholders."