MUNDELEIN, Ill., Jan. 22, 2013 /PRNewswire/ -- Z Trim Holdings, Inc. (OTC Markets: ZTHO – News), a bio-technology company providing value-added ingredients to a variety of industries, today announced that it has entered into a joint development agreement with Newpark Drilling Fluids LLC, a subsidiary of Newpark Resources, Inc. (NYSE: NR), to develop new, environmentally-friendly drilling fluids that incorporate Z Trim's proprietary industrial materials that could replace the likes of guar and xanthan gums in drilling applications.
"Newpark is among the world's largest drilling fluids companies, providing products and services to thousands of wells on four continents, so we're excited to have such a prestigious partner in the development of new oil drilling mud applications using our specialized industrial ingredients," said ZTH CEO, Steve Cohen . "Months of testing has proved that our domestically-sourced ingredients possess unique properties differentiating them from ingredients commonly used in the drilling fluids industry, and further, that our ingredients can deliver superior and expanded functionality. Based on these findings, we are optimistic that our products could have a meaningful impact on the energy industry."
ABOUT Z TRIM®
Z Trim Holdings, Inc. (www.ztrim.com) is a bio-technology company that owns existing, and has developed new, products and processes to make use of biomass for uses in the food and industrial markets.
The Company's food division currently sells a line of products to the food industry that can help food manufacturers reduce their costs and help them solve many production problems. The Company's revolutionary technology provides value-added ingredients across virtually all food industry categories.
|SOURCE Z Trim Holdings, Inc.|
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