The Swiss government has agreed in principle on extending due diligence requirements of banks and improved legal assistance on tax matters with other countries.

Switzerland’s tax dispute with foreign countries would disappear overnight were it to lift banking secrecy completely rather than gradually.

Graz, Austria & Toronto Canada, 21 February 2012

Concept Tech GmbH of Graz Austria is thrilled to announce that it has acquired Microsys Technologies Inc., the global leading supplier of airbag test systems, based in Toronto, Canada. The combined entity further enhances Concept's leadership position in the automotive safety test market while providing an enhanced platform for the growth and diversification of Concept's business globally.

The combination of Microsys and Concept products will provide the market with a fully integrated safety test solution for impactor testing and airbag testing. This will allow customers to increase their level of productivity while improving the quality of their test data. It also means that customers can deal with the team of Concept & Microsys to provide a complete safety test labs solution.

Concept and Microsys are anticipating quickly uniting their global sales and supporting channel, which will make it easier than ever before for customers in the Americas and Asia to benefit from Concept's market leading test equipment technologies. The Microsys customer base in Europe will also have improved access to local support resources out of the new Concept office in Augsburg Germany.

'Microsys has an outstanding reputation all over the world and especially in China, India and Brazil which are the world's fastest growing automotive markets. By combining forces with Microsys we can introduce Concept's products directly to the large Microsys installation base,' said Mr. Philipp Tölke, the co-CEO of Concept.

'Concept is very pleased to be able to include Microsys within the Concept family of companies so soon after opening our new test lab in Augsburg Germany,' said Christoph Knotz, Concept co-CEO. 'Customers of both Concept and Microsys will benefit from the combination of expertise and products we can now offer throughout the world. We are planning to install a Microsys SureFire system in Augsburg so that customers can see for themselves how the combination of both companies' products will provide a superior experience for the automotive safety test lab.

'Concept is a well-managed and successful company with values very similar to our own,' said Microsys President Corey Miller. 'Both companies are focused on offering customers a combination of the best technology along with the highest level of customer service. I am confident that our alignment with Concept will enhance the Microsys customer experience due to Concept's extensive expertise in crash testing & vehicle safety engineering and regulations, and I am personally excited at working to make this happen.'
 
About Concept
Concept Tech GmbH is a development and test service provider in the field of vehicle safety. We add value to our customers in all areas of the engineering process such as design, simulation, prototyping, testing and product development. Concept Tech GmbH offers a wide range of safety test equipment for impactor testing (pedestrian protection, ejection mitigation, interior testing, etc.) as well as full vehicle test equipment (low speed crash equipment, bumper pendulum, barriers etc.). Concept headquarters are in Graz Austria with test labs in Graz and Augsburg Germany. To learn more, please visit http://www.concept-tech.com
 
About Microsys
Founded in 1987, Microsys Technologies Inc. is the world-leading provider of airbag and other occupant safety test systems, based outside of Toronto Canada. The company has installations in all the major international automotive regions of The Americas, Europe, and Asia. To learn more, please visit www.micro-sys.com.
 
Contacts
Christoph Knotz
Co-CEO
Concept Tech GmbH
christoph.knotz@concept-tech.com
 
Philipp Tölke
Co-CEO
Concept Tech GmbH
philipp.toelke@concept-tech.com
 
 
Corey Miller
President
Microsys Technologies Inc.
coreym@micro-sys.com

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In common with many other industries in Switzerland, the ailing tourism sector is being kept afloat by stable domestic consumption and strong growth in Asia.

Centre-right and rightwing parties have the upper hand over their political opponents when it comes to funding publicity campaigns ahead of elections and votes.

Honeywell Expands Hall-Effect Rotary Position Sensor Portfolio With New RTY Series  

Customizable, Durable Sensors Provide an Industry-Leading 12M Cycle Product Life for Use in Harsh Industrial and Transportation Applications

          MINNEAPOLIS, February 21, 2012 – Honeywell (NYSE:HON) today introduces its RTY Series Hall-Effect Rotary Position Sensors that provide a cost-effective rotary position sensor solution with a variety of options (e.g., sensing range, pinout, voltage) that allow customers to customize the sensor configuration to meet their specific application needs, especially those in harsh environments. 

'Design engineers need an absolute position sensing solution that meets their specifications without being over-engineered,' said Chris Gottlieb, senior global product marketing manager for Honeywell Sensing and Control. 'The cost-effective, configurable RTY Series is an ideal solution. Design engineers will appreciate the sensor's industry-leading 12 million cycle product life and eight operating ranges, up to 360°, that often allow OEMs the range of travel needed for the application.'

 The RTY Series' solid-state Hall-effect technology provides non-contact operation and low torque actuation which reduces worn-out mechanisms and provides a minimum  12M cycle product life. The sensor's IP67-sealed package has an integral connector. The integrated reverse polarity protection provides protection against installation errors. Robustness against electromagnetic interference is proven out by automotive-grade EMI/EMC testing. Industry-standard AMP termination, 32 mm mounting pitch, North American and European pinout styles, and the compact package provide easier drop-in replacement in existing applications. 

The RTY Series uses a magnetically biased, Hall-effect integrated circuit (IC) to sense rotary movement of the actuator shaft over a set operating range. Rotation of the actuator shaft changes a magnet's position relative to the IC. The resulting flux density change is converted to a linear output. The IC, together with conditioning and protection circuitry, and the permanent magnet, is sealed in an IP67-qualified package for durability in most harsh environments. Eight operating ranges (50°, 60°, 70°, 90°, 120°, 180°, 270°, and 360°) are tolerant to over-travel and allow OEMs to choose the range of travel needed for their specific application. Low voltage and high voltage versions cover an input voltage range of 4.5 Vdc to 30 Vdc.

Most applications require no lever, and no brackets are necessary. Potential transportation applications for the RTY Series sensor include position and movement detection of pedals, throttles, gear shift, levers, steering, linkages, and hitches (trucks, buses, off-road vehicles, industrial/construction/agricultural vehicles and equipment, cranes), suspension displacement/kneeling (buses, trucks), and tilt/trim position (boat engines, tilling equipment). Potential industrial applications for the RTY Series sensor include valve and HVAC damper control, and irrigation pivot control. 

Get more information on this product -

http://sensing.honeywell.com/rty%20series%20rotary%20position%20sensor

Download the high resolution image -

http://sensing.honeywell.com/multimedia/S_C_Website/pressreleases/photos/2012/RTY%20Series_300dpi.jpg

Learn more about Honeywell Sensing and Control -

 

Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges.

For more news and information on Honeywell, please visit www.honeywellnow.com.

This release contains 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management's assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.

Contact:
Mark Shapiro
SRS Tech PR
(619) 249-7742
mshapiro@srs-techpr.com

Contact:       
Robyn Seykora
Honeywell Sensing and Control
(763) 954-5378
robyn.seykora@honeywell.com

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Scorned as cheating the tax office and social security, moonlighting is often also a way of preserving human dignity and keeping skills up to date.

The number of people who ended their lives with the help of assisted suicide organisations increased significantly in 2011, according to new figures.

The Federal Audit Office has denounced the generous tax breaks granted to companies up to 2007 under the pretext of aiding disadvantaged regions.

The impact of the strong Swiss franc has driven the government to offer companies a pot of gold to boost innovation. One firm is hoping it will also lead to profits.

The impact of the strong Swiss franc has driven the government to offer companies a pot of gold to boost innovation. One firm is hoping it will also lead to profits.

Calgary, AB – Boast Capital, a leading Scientific Research and Experimental Development (SR&ED) consulting firm, just released their review of the long awaited Taxpayers' Ombudsman Report on the administration of the SR&ED program by the Canada Revenue Agency (CRA).
 
Last year, the Taxpayer's Ombudsman launched a systematic investigation as a result of complaints filed by claimants, the concerns raised by stakeholders, and the program's national scope and potential impact on a significant part of the SR&ED community. The investigation focused on questions of service, such as the sufficiency and timeliness of the CRA's communication to claimants, as well as issues of administrative fairness: essentially, whether the CRA is administering the SR&ED program in a manner consistent with the service rights specified in the Taxpayer Bill of Rights.
 
The Ombudsman Report, released last week, was to provide results of its investigation on complaints that fell within the definition of their mandate to uphold the Taxpayer Bill of Rights and to promote professional service and fair treatment by the CRA; however, due to lack of formal complaints about the SR&ED program, the report was lacking in its recommendations.
 
'It is not hard to see why SR&ED claimants didn't want to go on record and file formal complaints,' said Alex Popa, General Partner, Boast Capital LP. 'All claimants want to have a good cordial relationship with the CRA and especially the CRA SR&ED reviewers since the success of many R&D projects depends on the claimants receiving SR&ED Investment Tax Credits.'
 
In closing, The Ombudsman Report suggested that the CRA should be assessing SR&ED claim eligibility based on the Income Tax Act and not the narrow definitions and documentation requirements, which have been recently imposed on claimants.
 
About Boast Capital LP
Boast Capital helps Software, IT, and Manufacturing companies secure and maximize Scientific Research and Experimental Development SR&ED) Tax Credits, while minimizing risk and effort. Last year alone, our partners secured over $10 million in SR&ED tax credits for over 100 tech companies in Calgary, Edmonton, Vancouver and Toronto. For more information visit http://BoastCapital.com

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Multinational trade firm DKSH that bills itself as the largest privately held company in Switzerland has announced plans to list on the Swiss stock exchange.

As the number of people suffering from dementia rises, innovative solutions are being sought to make life easier for them and their carers.

The United States authorities have long been at odds with some Swiss banks, but could soon be turning their sights on Swiss-based commodity traders.

During the Chienbäse procession in Liestal, near Basel, 100 cubic metres of wood go up in flames within just one hour.

An initiative to create a democratically elected body representing Switzerland’s 400,000 Muslims, a so-called “Swiss umma”, is steadily gaining ground.

Ever since 1998, environmental organisation Pro Natura has promoted an animal of the year – animal in the widest sense, with two, four or six legs, or no legs at all.

Colonel Adolf Conrad heads the Kfor liaison team in Kosovo, Nato’s “eyes and ears” in the region – and is the first Swiss to command a Nato unit.

Colonel Adolf Conrad heads the Kfor liaison team in Kosovo, Nato’s “eyes and ears” in the region – and is the first Swiss to command a Nato unit.