February 14, 2011

Optelian, a designer and manufacturer of optical transport systems, has
announced the signing of a Technology Collaboration Agreement (TCA)
between Optelian International Corporation and Bharat Electronics
Limited (BEL) of India. The agreement establishes a “long-term”
partnership between the two companies for the manufacture and design of
optical networking systems in India, and deployment throughout the SAARC
region.

The initial period of the agreement is for 15 years.

The TCA will focus on joint technology development, as well as all facets of the optical networking business.

“Optelian is pleased to be partnering with a Company of BEL’s caliber and reputation,” said Mike Perry, president of Optelian International Corporation. “We firmly believe that the considerable strengths and resources of both Companies–when combined–will be complementary and create a successful synergy. In other words, one plus one equals three.”

H.N. Ramakrishna, Director (Marketing) of BEL, said: “We are happy to have executed this important agreement with Optelian, and look forward to a dynamic partnership that will benefit all of our customers.”