MOUNTAIN VIEW, Calif.
Nov. 14, 2012
/PRNewswire/ -- Based on its recent analysis of the powertrain market, Frost & Sullivan is pleased to present Fallbrook Technologies, Inc. with the 2012 North American Frost & Sullivan Growth Capital Investment Opportunity Award. The award recognizes not only the core product competency and strong market positioning of the recipient but also the experience and expertise of management team and the robust revenue model adopted by the company.
Fallbrook Technologies' premier offering is a transmission technology product known as NuVinci
Continuous Variable Planetary (CVP) Technology. A highly adaptable technology that controls the relationship between the input and the output components of a transmission,
CVP is less complex, can be scaled and packaged more easily, costs less to manufacture, and can improve transmission performance when compared to other variable transmission technologies available in
This promising product capability of
is backed by a management team that has the proper mix of leadership, innovation, and rich experience in the powertrain sector to ensure a sound future for the company. The CEO,
William G. Klehm
, the President,
, and their strong team bring together decades worth of experience in the automotive industry covering customer service, marketing and growth strategy, product development, and engineering skills.
"The potential application of the
transmission technology in a variety of conventional on- and off-road vehicles is quite diverse and wide," noted Frost & Sullivan Research Analyst,
. "While Fallbrook Technologies currently manufactures and markets
drivetrains for the bicycle market, the technology can be integrated into any vehicle that uses a transmission, including light electric vehicles, agricultural equipment, automobiles, and wind turbines. The
CVP combines the planetary gear's packaging freedom and ability to accept multiple inputs and provide single or multiple outlets with the CVT's infinite variability. This allows vehicle manufacturers to design drivetrains and components that manage speed and torque in ways not previously practical, which should allow them to provide exciting new features and products."
Fallbrook Technologies partners with other companies in the commercial vehicles, lawn and garden, and power sports industries to commercialize its
Technology and provide design, development, and manufacturing support. Electric vehicles are another segment in which the use of
CVP can offer smaller amp draws and a smaller battery pack, which results in extra benefits from reduced pack weight and size.
"Fallbrook Technologies targeted these initial markets, as they have high potential for early adoption of its technology, the manufacturers possess a sizeable market, and seek a competitive advantage through the adoption and leverage of advanced technology," said
, Chairman Emeritus of the Center for Automotive Research (CAR) and Fallbrook Transportation Industry Advisor Board (TIAB) member. "The company also has a well-diversified revenue model that generates revenue from different markets and segments, ensuring sustainability."
has four different revenue-generating streams that act together as a hedging tool. The first source is the licensing of the
CVP drive technology—for which the company has over 500 patents and pending applications and 15,000 patent claims issued or pending—into relatively sophisticated markets such as wind energy and electric vehicles. The second line of business is the commercialization of the
CVP technology into the bicycle and E-bike industry, which is one of the fastest growing sub-segments within the transportation industry.
Fallbrook Technologies' third line of business includes the optimization of energy usage. The company manufactures and distributes energy-efficient products for the North American truck market through its subsidiary, Hodyon, Inc., whose primary product is a diesel Dynasys™ Auxiliary Power Unit (APU) system. This product provides electric power, heating and cooling for the cab of an over-the-road heavy truck without the need to run the main truck engine and thereby reduces fuel costs and wear and tear on engines and related components.