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Fallbrook Technologies Inc. and TEAM Industries Announce Significant Progress Using the NuVinci® Technology
|By Business Wire
|May 8, 2014 02:38 PM EDT
Fallbrook Technologies Inc. (Fallbrook), inventor of the NuVinci®
continuously variable planetary (CVP) transmission technology, and TEAM
Industries (TEAM) announced plans today for the near-term
commercialization of NuVinci technology in a transmission
suitable for a small, low- to medium-speed vehicle. Initial production
units should be available by the end of 2015 or early 2016.
Fallbrook and TEAM have been working since 2011 to validate the benefits
of the NuVinci technology for TEAM’s products. In November 2012,
the companies entered into an exclusive licensing agreement for the use
of NuVinci CVP technology in North America and Europe for
electric and gasoline light vehicle applications.
TEAM is the largest supplier of rubber belt continuously variable
transmissions (CVTs) to the All-Terrain Vehicle (ATV), Utility Terrain
Vehicle (UTV), Low/Medium Speed Vehicle (LSV/MSV), and Neighborhood
Electric Vehicle (NEV) markets, all of which are included in Fallbrook's
license to TEAM.
"A recently completed design project suggested that it was possible to
have a NuVinci-equipped commercial product available in a
relatively short time frame," said Tony Passanante, Senior Director of
Strategic Planning at TEAM. "We are eager to take advantage of the
opportunity to have the first commercial NuVinci application
available in a powered vehicle outside of eBikes."
Fallbrook and TEAM have revised and enhanced their licensing agreement
including identifying specific development and sales targets as well as
providing TEAM personnel access to additional design tools from
Fallbrook. "While the details of the updated licensing agreement are
confidential," said William G. Klehm, III, Fallbrook's Chairman and CEO,
"we anticipate there will be other TEAM commercial products
incorporating NuVinci technology after the introduction of the
initial product." Klehm commented further, "We are thrilled with the
progress that has been made and the expansion of this relationship. More
effective/affordable technology is required for the next generation of
transmissions, and that is exactly why the NuVinci technology was
Fallbrook's Vice President of Product Development, Jeremy Carter, added,
"The NuVinci CVP is the next generation of transmission
technology that we believe over time will replace not only geared
automatics but also belt CVTs. With the simplicity of design and the
possibility of improving economy without sacrificing power, NuVinci
technology addresses 'off-highway,' automotive, and a wide variety of
"As I stated when we first signed a licensing agreement with Fallbrook
in 2012," said David Ricke, TEAM's President and CEO, "TEAM is dedicated
to driving innovation. That is why we are so excited about the NuVinci
technology. The NuVinci CVP," Ricke continued, "will provide
our customers with an advanced drivetrain solution that improves
performance, efficiency, and reliability. And getting to market quickly
helps reinforce our leadership position."
About Fallbrook Technologies
Fallbrook Technologies is the developer of the patented NuVinci®
continuously variable planetary (CVP) technology, which can improve
the performance and efficiency of machines that use a transmission,
including vehicles, stationary equipment, bicycles, and others.
The NuVinci technology is Transforming Gears into Spheres™ by
using a set of rotating balls between the input and output components of
a transmission. Tilting the balls changes their contact diameters and
varies the speed ratio. Compared to other continuously variable
transmission technologies, NuVinci CVP technology can be
configured to replace multiple planetary gears, providing significant
performance improvement in a smaller package and at a lower cost. The 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 TEAM, two
other major automotive transmission suppliers have licensed NuVinci technology
for the development of automotive class drivetrains.
The first commercial products incorporating the technology are the
currently available NuVinci N360™ bicycle transmission and the NuVinci
Harmony™ auto shifting system for bicycles which includes the N360™.
Fallbrook has built an extensive portfolio of over 600 patents and
patent applications worldwide. For more information, visit www.fallbrooktech.com.
About TEAM Industries
TEAM Industries is a vertically integrated engineering and manufacturing
company that has been driving innovation in performance and
reliability-enhancing components for nearly half a century.
Headquartered in Bagley, MN, TEAM offers a complete range of services,
from collaboration on new product designs to custom contract
manufacturing. Their principal products include transmissions and
transaxles, axles and four-wheel-drive systems, continuously variable
transmissions (CVTs), and electric vehicle drivetrains. For more
information, visit www.team-ind.com.
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