Bilcare Ltd has informed BSE regarding a Press Release dated June 29, 2011 titled Beltron Telecom signs Bilcare's nonClonableID technology driving major revenues from Government & non-government projects in developing States of East & North-East India Press Release : Beltron Telecom, promoted by Bihar State Electronics Development Corporation Ltd, a Government undertaking of Bihar State engaged in providing public utility & renewable energy products & services in the State of Bihar has signed the MoU defining and detailing the Business letter of Intent (LoI) with Bilcare Technologies, a business of Bilcare Limited - a research and technology leader focused on creating next-generation anti-counterfeiting, security and brand protection solutions. The collaboration will enable and address the diverse needs of security, and secured e-governance in state Governml2nts and non-Governmental projects undertaken by Beltron Telecom for the States of Bihar, Jharkhand and the States of North Eastern region of the country. As per this alliance Beltron Telecom will use Bilcare's unique nonClonableID technology in its initiatives related to secured e-governance and security projects ensuring utmost security and creating immense value proposition for its customers. Beltron Telecom eyes significant revenue growth from this alliance. Mr. Ramesh Kumar, Managing Director, Beltron Telecom, said, Bilcare's nonClonable technology is a path-breaking invention which has the potential business landscape of Rs 8,000 to 10,000 Crores in the security aid secured e - governance space. We, at Beltron Telecom are very encouraged about the new business opportunity arising out of this very crucial strategic collaboration with Bilcare and we are very confident that this technology will translate into additional new business revenue of Rs. 200 Crores in the next 2-3 years for Beltron Telecom and Bilcare. He added Beltron will now be able to offer revolutionary outcomes in the secured e-governance and security space by combining Bilcare Technologies? nonClonableID solution with Beltron Telecom's own execution expertise and strength. The combined strengths will result in positive impact for initiatives not only in the government sector but also in the private sector wherein Beltron will make possible, the fail-safe securitization of people, products and systems, and help create a safer and secure environment in the states of Bihar and Jharkhand in particular and subsequently extending it to the North-eastern states. Bilcare Ltd through its key business unit, Bilcare Technologies has pioneered the only one of its kind nonClonableID technology which it has developed over ten years of intensive research and represents the state-of-the-art in physical security. The technology has been used to successfully secure a wide range or items from automotive parts to museum artifacts and form Agro-chemicals to fool-proof ID cards including those used by the Delhi Police and by the special security, force of a large Asian country. Dr. Praful Naik, Executive Director of Bilcare said Bilcare continues to work on proliferating the effective deployment of its novel nonClonableID technology solution in both the government and private sectors by collaborating with key leading organizations and government enterprises like Beltron Telecom to ensure that the customers get most advanced and customized relevant solutions, which are robust, scalable and cost effective.