Concepcion Technologies, the operation unit of Concepcion Holding, has obtained the Swiss equivalent of Chapter 11 bankrupcty protection from creditors for a minimum of two months. Another subsidiary that holds its patents is not involved in the proceedings. Rudolf Suter, still the holding company's controlling shareholder with a stake of about 85 percent, has arranged for enough financing to let Conception Technologies continue operations with a reduced staff for at least 6 months, bringing in a wealthy new Swiss shareholder from outside the sector. A new team is expected to solve before the end of the year technical problems which have prevented it from releasing the first machines for the production of moulded progressive lenses. They are now expected to come out of Conception's new Swiss factory at the beginning of 2003.