In this issue:

April 2007

Dear DACCNY Member,
Now that we have safely navigated the vernal equinox, spring is officially here. The saps are rising, and juices flowing in nature. In the markets this is usually a time of irrational exuberance that economists like to warn about. Yes, the markets are wheezing, gas prices are rising, the big law firms are bulking up their bankruptcy departments, while the big banks are conducting massive layoffs, but spring is here, what could go wrong?

Nature has its own cycles, and they are far, far more predictable than economic cycles. We now that that an economy inevitably goes up or down, but we don't know when.

In nature, we always know (approximately) when season follows season. Nature has its own recovery cycle from winter to spring, and a period of irrational exuberance in the summer. Then the bubbles burst in autumn and there is a slide down into the depths of winter. But we know that deep in winter lie the seeds of spring. That certain predictability is ultimately the source of all human wealth.

If that predictability ever falters, if a warm summer is followed not by a cooler autumn, but something warmer still, then we will have much more to worry about than law firms building up their bankruptcy departments.

Peter Hessellund-Jensen

Latest meetings in the Chamber

Corporate Security
In February the DACC hosted a meeting on Corporate Security. Guest speakers were Mr. Frank Maddalena of the U.S. Customs and Border Protections's C-TPAT (Customs and Trade Partner-ship Against Terrorism Program), a division of the United States Department of Homeland Security and Assistant Vice President and Director of Corporate Security at a large financial firm located in Manhattan, Mr. Michael McGuinness.

DACC Roundtable Dinner Meeting
The first DACC event of 2007 was a DACC Roundtable Dinner Meeting which, as always, took place at the Consul General's residence, included the DACC's sustaining members and a few cor-porate and individual members, who were selected on a rotational basis. Guest speaker on the subject of corporate real estate was Matthew McBride of CB Richard Ellis.

DACC Christmas Luncheon
The DACC Christmas Luncheon of 2006 took place in the beautiful surroundings of the Harvard Club of New York City. The cocktail reception, which was sponsored by Shipco, started at 12 PM and the luncheon at 12.30 PM. The wonderful prizes for the Christmas raffle were sponsored by SAS, Nordea, Skandinaviska Enskilda Banken (SEB), Flatotel, Corporate Calm, Tollund, Svenska Handelsbanken, Majesty, Arla Foods, CB Richard Ellis, Aigner Chocolates and Normann Copen-hagen.

DABGO new Danish internet network

Linkedin is the world's leading online network for professionals. It has more than 9 million members worldwide, all of whom offer a view of their professional profiles to other members.

It is easy to sign-up and even easier to use. Once you have uploaded your profile details you are ready to start searching for past, present or maybe even future colleagues. Simply search for a name or company and invite them to your network. If they accept your invitation, they are a part of your network, and you are a part of theirs. Once you have built up a small network you can start to dig in deeper, searching, reading and profiling your contacts' contacts etc.

DABGO - the Danish American Business Group Online, was established and initiated by Jesper Løvendahl, a US settled Dane that saw the necessity for and usefulness of a Danish/North Ameri-can network.

A membership of DABGO gives you access to online tools that will make your networking more efficient and of course, effective.

DABGO can help you:

• Open the doors for new business and new business contacts
• Accelerate your career through other DABGO member references
• Learn more about the other DABGO members by having access to their complete profes-sional profiles
• Inform other DABGO members about who you are, what you can do and what you can of-fer them and their contacts.
• Find information on other Danes who live in your area
• Limit the number of your searches on Linkedin to apply to DABGO members only

Access to the exclusive DABGO member functions is free and only available for DABGO members. You can, in other words, only access the information and profiles of the other members, if you are in fact a member yourself.

Today, there are more than 300 members of DABGO in North America and Canada. You can sign up for DABGO whether you already have an account with Linkedin or not. DABGO simply works as a further specialized group under the main functions of LinkedIn.

You can read more about DABGO and Linkedin at www.dabgo.com, where it is also possible to sign up for the DABGO newsletter.

If you have any questions regarding the group or registration, please feel free to contact Jesper Løvendahl, Founder and Group Manager of the DABGO group.

Email: jesper@dabgo.com
Phone: (516) 448-3554

Nordic Resources

The Danish American Chamber of Commerce in New York is happy to announce an exciting new partnership with Nordic Resources which means that members of the DACC can now post all job openings on the Nordic Resources website for free. "Nordic Resources" is a great opportunity for companies to find Nordic professionals from around the world - and for the professionals to find new careers with Danish companies in the US.

Follow this link to join the Danish American Chamber of Commerce in New York http://www.daccny.com/howto.html and this link daccmember@nordicresources.com for instructions on setting up your free account with Nordic Resources.

Henrik Hall, Inc. takes on Meinertz Heating System Product Line

Design Lines by Henrik Hall, Inc., already the sole importer to the US of Knud Holscher's d line™ architectural hardware, bathroom, and commercial washroom fixtures, now stands ready to introduce the Meinertz heating products to the American market. As reported in our August newsletter, Meinertz successfully delivered radiators to several floors of The New York Times Building, where installation is ongoing. In addition, Meinertz radiators are used throughout the Bikuben Foundation NY, an academic guest house for Danish students in New York City, which also incorporates the famous d line™ door hardware and bathroom fixtures.

Henrik Hall, founder of the company, is the former CEO of ASSA, Inc.; Arrow, Inc.; and Abloy Construction, Inc., and has been many years in the business of secure door hardware. His earlier responsibilities in Europe included CEO of Dorma Scandinavia and VP of Sales and Marketing with a/s Ruko and Assa Abloy. Mr. Hall took on the oversight of the d line™ product lines in North, South, and Central America starting in 2002, which then represented a very small portion of sales for the manufacturer, d line international a/s of Denmark. Today, this market is one of the top 10 in d line™ sales.

Mr. Hall feels that the time is right for Meinertz in the US because the market value of efficiency and design is rising, offsetting the higher costs associated with the high-quality, small-quantity manufacturing process that Meinertz uses. Family-owned Meinertz takes great pride in their custom design and execution, and outstanding results are obtained when they are involved in the project from an early date. The space heating radiators, finned tubes, and the ProLine sub-floor convection grilles can be shaped and colored in any way desired, which makes Meinertz a 'green' architect's dream come true.

Lundbeck to file US registration application for Potential Blockbuster

Danish pharmaceutical company Lundbeck is close to completing development of Gaboxadol, a drug for the treatment of sleep disorder. The American Psychiatric Association (APA) has published abstracts from phase III studies of Gaboxadol on the internet, and Martin Parkhøj, pharmaceutical analyst at Danske Equities, says they show that Lundbeck has a product which is ready for registration.

Claus Bræstrup, president and CEO of Lundbeck comments: "We have seen that three abstracts are on the internet, but they do not represent all data." The full conclusion from the phase III study will be presented at a conference in May, and Lundbeck plans, together with its partner Merck, to file a registration application in the US in the same month. Gaboxadol reportedly improves deep sleep without suppressing rapid eye movement (REM) sleep.

At the end of 2006, investment bank Morgan Stanley estimated Gaboxadol to have a USD 1 bn sales potential in the US. Following news of the published clinical data on Wednesday, Lundbeck's share price jumped 7.7% on the Copenhagen bourse to 160.5.

Lundbeck is an international pharmaceutical company engaged in R&D, production, marketing and sales of drugs for the treatment of psychiatric and neurological disorders. In 2006, the company generated revenues of DKK 9.2 billion (USD 1.6 bn). Lundbeck is headquartered in Copenhagen and employs approx 5,300 people globally. The news was reported by financial daily newspaper Børsen.

President Bush Praises Novozymes' Cutting-Edge Research

On an otherwise flat Friday on the Danish bourse, Novozymes enjoyed a pleasant boost to its share price. The reason - a well-publicized visit the day before by US President George W. Bush to the company's US enzyme production and research facility in Franklinton, NC as part of a road show promoting the administration's ambitious "20 in 10" initiative to reduce gasoline consumption in America by 20% over 10 years. Alternative fuels such as bioethanol are a major part of the plan to achieve this goal, and Novozymes is the world leader in industrial enzymes for bioethanol production.

The US already annually consumes about 7 billion gallons of bioethanol, but it is made using 1G enzyme technology from nutritional feedstuffs like corn. Increasing demand for corn from the en-ergy sector is causing corn prices to rise, putting pressure on American livestock farmers, so President Bush wants to see accelerated research into 2G enzyme technology that will enable pro-duction of "cellulosic" ethanol from waste products such as wood chips and grasses.

2G bioethanol research is right in Novozymes' technological backyard, and America's educator-in-chief is well aware of the fact. According to North Carolina's Daily Dispatch, President Bush de-scribed Novozymes' research as cutting-edge and said: "They are developing technologies that will enable us to convert wood chips into fuels that will run our automobiles."

Following the visit, Novozymes President and CEO Steen Riisgaard commented: "We discussed with President Bush the importance of enzymes as a critical tool in making ethanol a commercially viable alternative energy that can make the world less dependent on oil. Using enzymes in the pro-duction of renewable fuels is the most sustainable way to cut production costs, decrease invest-ment needs and reduce pollution."

Headquartered in Bagsværd, a northern suburb of Copenhagen, Novozymes is the world's largest and most diversified provider of industrial biotechnology, pioneering the replacement of chemicals with enzymes in a broad variety of industries such as laundry detergents, animal feed and the bio-fuel industry. The company has topped the Dow Jones Sustainability Index for the past five consecutive years.

The news of the presidential visit was reported by The Daily Dispatch (N.C.), Examiner.com, and on the Novozymes website.

Postscript: US Dept. of Energy to provide USD 385 m in funding for 6 cellulosic bioethanol plants over the next 4 years.

Google Helps Danish Research Reach a Wider World

As President Bush amply confirmed when he visited Novozymes' biofuel-enzyme facility in Frank-linton, North Carolina, Danish research has plenty to offer the world. And now it's going to be eas-ier to keep track of what's hot in Danish research, thanks to Google.

The Danish National Research Database has initiated a collaboration with the academic search portal Google Scholar, so that Danish research results can be accessed via both websites. In fact, the moment data is uploaded to the Danish National Research Database, it will be instantly available on Google Scholar (currently running in a beta version).

Kim Østrup is chairman of Denmark's Electronic Research Library (DEFF), which founded the Dan-ish National Research Database. He is aware of the need to make Danish research more visible at home and abroad, and comments: "This is an important move, as Denmark in the age of globaliza-tion competes in terms of knowledge and the ability to instantly find the right information." "Google Scholar will serve as an additional entrance to the database. This forum will allow us to get in touch with a segment of users which is not already aware of us."

The Danish National Research Database provides free access to Danish research on all topics. The data is automatically collected from a number of Danish institutions including the universities of Copenhagen, Århus, Aalborg and Roskilde, the Technical University of Denmark, and Risø National Laboratory. The news was reported on the DEFF website.

International Businesses and Brands Benefit from Quality Translations

Successful branding requires every aspect of a company's work to reflect the values and qualities of the brand. For businesses that operate in more than one linguistic and cultural market, embracing this principle has an additional implication: the need for quality translations.

Scandinavian companies operating in the US and US companies operating in Scandinavia greatly benefit from the region's familiarity with English. But familiarity and local fluency are not the same. Businesses that compete in multiple markets require professional, high-quality translations or - to use translation industry jargon - localization. If a localized website, press release, report or user manual reads poorly or incorrectly, or does not take cultural context into account, it will have an impact on the target audience's perception of the company and brand.

Before your company gets started, understanding what the localization process requires will make a project much easier. DACC-member Eriksen Translations Inc., a language services provider headquartered in Brooklyn, offers the following points to consider:

• Assess your need. How much work went into creating the original copy? How many people will read it? Who will read it, and why will they read it?
• If you are on a tight budget, consider cutting down on the amount of material to be translated rather than skimping on the quality of the translation. A high-quality translation requires several steps: translation, editing, proofreading, and quality control by at least two native speakers of the target language.
• Provide the linguists with reference material and context, and try not to send out copy for translation until it is final.
• When choosing a language services provider, compare what the companies offer. Does the quote include editing by a second native speaker and proofreading? Do you require project management, file conversion, multilingual typesetting, glossary creation, style guide development, and/or translation memory management?
• Identify your need as early as possible. Quality translations take time, and if your work is in a highly specialized area or in a linguistically narrow field, such as medi-cal instruments and Danish, the best translators are in high demand.

You can learn more about the translation process at www.atanet.org/docs/Getting_it_right.pdf and find out about Eriksen Translations' experience and expertise at www.erikseninc.com.

Nordic Phytopharma Enters Lucrative Agreement with US Firm

Immolina with Jurak Corporation World Wide Inc. (Jurak), a US dietary and herbal supplement network. Jurak is making an advance part-payment, and will purchase the patented substance for the next five years.

Carsten Wærn, managing director of Nordic Phytopharma says: "According to our information, we have received the highest advance-payment that is not tied to milestone payments, ever seen in the dietary supplement sector." The Danish company retains the rights to market Immolina in Europe and Russia, but will pay royalties on sales to Jurak.

"The agreement with Jurak opens channels which will enable us to introduce several new products in the years to come. Our products will now enter the US market, and a successful outcome will give us a very good reference," says Wærn.

Immolina is a patented dietary supplement based on bioactive microalgae complex. The technology was developed at the National Center for Natural Products Research at the University of Mississippi. The news was reported by financial daily newspaper Børsen.

Dangaard Telecom and USA's Brightpoint Merge to Form a Global Leader

South Jutland based Dangaard Telecom and USA's Brightpoint are merging to form the world's largest distributor of mobile phones. The merged company will be headquartered in Plainfield, Indi-ana, while Dangaard Telecom's current head office in Padborg, Denmark, will be the European headquarters.

Robert J. Laikin, CEO and chairman of the board of Brightpoint says: "This transaction will join to-gether two of the most prominent players in wireless handset distribution and logistics to create a global leader. I firmly believe our companies complement each other perfectly in terms of geography, service offers and shared commitment to operational excellence."

Dangaard Telecom COO Michaél Køehn Milland, who will be appointed Co-Chief Operating Officer and President, International at the corporate headquarters in the US, says: "At a single stroke the merger gives us what we want, including representation in countries such as India, New Zealand, Australia, the Philippines and Singapore." The news was reported by Computerworld and on Dan-gaard Telecom's website.

The merged company will have a solid financial basis - estimated revenues were DKK 27 bn (USD 4.6 bn) in 2006. Dangaard Telecom and Brightpoint distributed around 64 million mobile phones in 2006.

Upcoming events:

April 25th: A Taste of Sweet Success Many ways lead to Rome, and many ways lead to success in the US. Come and meet two Danies who work in very different fields, but who have both been very successful on the US market, Fritz Knipschildt, owner and founder of Knipschildt Chocolatier, LLC and Tina Pilgaard, Marketing Man-ager of BoConcept USA.

Location: Tivoli Home, 111 Front Street (btw. Washington & Adams Streets), Brooklyn (DUMBO), NY.

Please rsvp by noon on Tuesday, April 24th, 2007

May 6th: Spring Luncheon on the Hudson The Danish American Chamber of Commerce will co-host with the American Scandinavian Society, the Finlandia Foundation NY Metropolitan Chapter and the Finnish and American Women's Net-work a spring luncheon on the Hudson River on board "The Princess", sailing from World Yacht Marina, Pier 81, West 41st Street. Please check the website shortly for sign-up information.

May: Annual Meeting The DACC annual meeting will be held in May at the Danish Consulate General. Program tba shortly.

Location: Danish Consulate General, 885 Second Avenue, 18th Floor, New York, NY 10017.

June: DACC's Annual Bowling Tournament DACC bowling

With June comes the second annual DACC bowling tournament at Danish owned Leisuretime Bowl. Details tba shortly.

Other events: The American Scandinavian Foundation will celebrate the 90th anniversary of Finland's independence with a great Spring Gala Dinner Dance on May 18th. Honored guest is Her Excellency, Presi-dent Tarja Halonen of Finland. Introductions by The Honorable Henry Kissinger, ASF Award for Distinguished Public Service presented to: His Excellency Jan Eliasson and Mr. Jan Egeland. Mas-ter of Ceremonies is James Hoge. The Gala will be held at the Pierre Hotel. For further information and to sign up for the Gala, please contact the ASF on 212-879-9779 or dev@amscan.org.