The company's purpose is to conduct research and development of all kinds of technologies, as well as to register and exploit industrial property rights, such as patents, trademarks and other intellectual property rights, and to grant licenses and other rights to third parties. Furthermore, the company may engage in all commercial, financial and other business activities that are intended and suitable to promote or facilitate the development of the company and the achievement of its purpose. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may acquire, hold and sell real estate.