The fourth stream of business is linked to the licensing of NuVinci technology. The company offers engineering and support services to end users who obtain licensing rights from Fallbrook Technologies by assisting the company in designing and developing the applications. While the business expenses are largely defrayed by the sale of the products and engineering services, the licensing business provides the company with additional cash flow.
Overall, the experienced management team and strong revenue model of Fallbrook Technologies demonstrates its superior potential for growth in the future. By catering to diverse markets and segments, the company enjoys a stable financial position in the North American market. The company's core technology product has many variants that can be used in different industries and this ultimately provides the company with a leading competitive position.
These factors make Fallbrook Technologies the most deserving recipient of the 2012 Frost & Sullivan Growth Capital Investment Opportunity Award.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.About Fallbrook Technologies, Inc. Fallbrook Technologies Inc. is a privately held technology development and manufacturing company headquartered in San Diego, California and has its primary operations and product development activities located in Cedar Park, Texas, with employees and other operations in Europe and China. Fallbrook has developed and commercialized a continuously variable planetary (CVP) technology called NuVinci®, which is a new class of continuously variable transmission (CVT). The initial commercial application was a continuously variable transmission for bicycles, now in its second generation as the NuVinci N360™. Instead of the traditional gear and clutch mechanisms found in conventional transmissions, a NuVinci transmission utilizes rotating spheres arranged around a central "sun" that transfer torque between two "rings." Tilting the spheres changes their contact diameters on the rings, permitting an infinite progression of speed ratios. The result is a smooth, seamless and continuous transition to any ratio within its range, maximizing overall powertrain efficiency and ride quality. NuVinci Technology is applicable to a wide variety of applications including bicycles, light electric vehicles, primary transmissions for automobiles, trucks and commercial vehicles, lawn care equipment and wind turbines. NuVinci technology offers companies the flexibility to design and produce next-generation products that are better tailored to their unique business, market and competitive requirements. In addition to the NuVinci CVP, Fallbrook develops, manufactures and sells the Dynasys™ Auxiliary Power Unit (APU) through its wholly owned subsidiary, Hodyon. The Dynasys APU provides dependable in-cab comfort for the driver of Class 8 trucks without the need to run the truck's main engine during down times, reduces emissions and dramatically lowers fuel costs during idle periods. Fallbrook has built an extensive portfolio of over 500 patents and patent applications worldwide. For more information, visit www.fallbrooktech.com. About Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.