Z Trim Holdings, Inc., a biotechnology company providing value-added ingredients to a variety of industries, today announced its first sales of industrial grade Bio-Fiber Gum for use in the multi-billion dollar petroleum coke industry.
The customer is a global leader in calcined petroleum coke innovation and production. Produced from the same raw material sources that the Company uses to produce its Z Trim ingredients, Bio-Fiber Gum is a soluble fiber with adhesive, binding and emulsifying properties suitable for industrial uses. Z Trim, jointly with the USDA Agricultural Research Service, filed a provisional patent for Bio-Fiber Gum in 2012.
"This is a tremendous accomplishment for our technology team," said Z Trim CEO, Steve Cohen . "We opened our industrial division in mid-2012 and the reception has already been very positive. This first sale strengthens our belief in the viability and efficacy of our new line of products. We believe our Bio-Fiber Gum delivers high functionality across a wide range of industrial applications, while helping clients reduce the environmental impact of their operations."
"For years we have sought to improve revenues by finding new applications for the by-products of the Z Trim manufacturing process," said Brian Chaiken , Z Trim CFO. "The economics, efficiency and sustainability of our operations improve when we are able to use and sell close to 100% of our raw material. Further, having a provisional patent for our Bio-Fiber Gum protects our product in the near term."