The company's purpose is to manufacture chronometers and watches of novel design based on licensable rights and to sell such patented specialty items in cooperation with the Vacuum Chronometer Corporation in Nidau. The company may participate in or acquire other companies with the same or similar purpose in Switzerland and abroad, acquire, manage and sell real estate, and conduct all business that is directly or indirectly related to the company's purpose or is suitable for promoting it. The company may establish branches and subsidiaries in Switzerland and abroad.