Nanotechnology Now - News Story: Mohan Bhandari receives Life-time Achievement Award

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December 24th, 2007

Mohan Bhandari receives Life-time Achievement Award

Abstract:
Bilcare�s biggest contribution to the pharmaceutical industry so far, is the anti-counterfeit product. This product will help the pharmaceutical industry in securing their brand, increasing every product�s warranty and traceability, ensuring healthcare compliance and secure the supply management chain apart from eradicating counterfeit.

Out of major investments in nanotechnology research & development happening today, this is one of the first cost effective and useful solutions for the common man. The technology uses combination of new material with unique magnetic properties and proprietary pattern recognition in a cost effective way to mass manufacture identification tags. These nano-tags are virtually impossible to duplicate with inbuilt magnetic fingerprint technology, which can be read by specially developed magneto-optic readers. This data is then sent through a normal GPRS cell phone to the Central Server for instant secured authentication, which in turn identifies the pedigree of each product.

Source:
moneycontrol.com

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