The company's purpose is the development, manufacture and application of, and trade in, seals and special coatings. The company may enter into any business, conclude contracts and grant loans that are suitable to promote the purpose of the company or are directly or indirectly related to it. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct any business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.