DGAP-News: Fallbrook Technologies, TEAM Industries, and Tomberlin(R) Accelerate Integration of NuVinci(R) DeltaSeries(TM) System in Electric Vehicles

(firmenpresse) - Fallbrook Technologies Inc.

25.07.2011 14:00
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Market for Products Expanding; Companies Looking to Offer Lines With Unmatched
Overall Performance

SAN DIEGO, 2011-07-25 14:00 CEST (GLOBE NEWSWIRE) --
Fallbrook Technologies Inc. (Fallbrook), developer and manufacturer of NuVinci
continuously variable planetary (CVP) transmissions that are designed to
increase battery life and performance of electric vehicles, and well-known
manufacturer of electric vehicles (EVs), Tomberlin Group (Tomberlin), along
with TEAM Industries (TEAM), a leading designer and manufacturer of drivelines,
announced today the acceleration of their joint development activities.

In January, 2011, Fallbrook announced a partnership with TEAM Industries to
develop electric vehicle transmission prototypes. The first initiative under
that joint effort was with Tomberlin and their new Anvil(tm) electric city car.
Subsequently, Fallbrook, TEAM and Tomberlin have expanded the focus of their
cooperative efforts and will explore the application of Fallbrook's NuVinci
technology to additional Tomberlin product lines.

According to William G. Klehm III, Chairman and CEO of Fallbrook Technologies,
Fallbrook, TEAM and Tomberlin now believe market growth and the benefits of
Fallbrook's NuVinci CVP technology make it appropriate to expedite their
schedule of integrating NuVinci technology into Tomberlin's Anvil(tm) while also
evaluating similar initiatives with other Tomberlin product lines.

'The demand for electric vehicles with improved range and capabilities is
growing very rapidly, compelling us to speed up our development timeline to
meet the rise in projected interest,' said Klehm. 'We've engaged in additional
strategic discussions with our valued partners, Tomberlin and TEAM, to make


this a reality in the near term.'

'The drive toward electrification of transportation will require a number of
technically innovative components and systems,' said Tony Passanante, Senior
Director of Marketing and Strategic Planning for TEAM Industries. 'Our work
with Fallbrook will reshape the electrification of powertrains and will deliver
performance enhancing benefits that riders and the market are demanding.'

'Together, we're in a terrific position to make eco-friendly transportation
exciting and feasible for the global market,' said Mike Tomberlin, a member of
Tomberlin's leadership team. 'Our partnership with Fallbrook and TEAM will
give our fleet added operating performance advantages such as improved hill
climbing ability, acceleration capabilities and towing capacity in addition to
other rider benefits. The concept is catching on at a great pace, and we're
laying the foundation to meet this demand!'

Fallbrook Technologies has demonstrated that its technology can extend the
capabilities of certain light electric vehicles. Unlike conventional gear and
clutch transmissions, the NuVinci CVP uses a set of rotating and tilting balls
positioned between the input and output components of the transmission that
adjust to vary the speed of the transmission. Tilting the balls changes their
contact diameters and varies the speed ratio. As a result, the NuVinci CVP
offers a seamless and continuous transition to any ratio within its range in acompact, easy to manufacture and cost effective package that improves system
performance.

About Tomberlin

Tomberlin is an emerging global brand with community-based distribution
throughout North America, Europe and Asia. Recognized for channel creation,
innovative electric vehicle platforms and rapid product development, Tomberlin
leads the low speed electric category with over ten models including a Carroll
Shelby Edition. Tomberlin's product diversity includes Golf, Personal
Transportation, Neighborhood Electric, Vanish(tm) electric 4x4 Utility Vehicles,
ATV's and Schwinn Scooters. Tomberlin's vision is to create the next
generation of task specific electric City Cars to capture the expanding market
of short distance vehicle use. More information is available at
www.tomberlin.net.

About TEAM Industries

TEAM Industries designs and manufactures systems that take power and put it to
work quietly and efficiently. Driving innovation with six locations throughout
Minnesota and North Carolina, headquartered in Bagley, Minnesota, TEAM has been
developing performance and reliability enhancing components for original
equipment manufacturers since 1967. More information is available at
www.TEAM-IND.com or www.facebook.com/teamindustries

About Fallbrook Technologies Inc.

Fallbrook's NuVinci continuously variable planetary (CVP) technology improves
the performance and efficiency of machines that use a transmission, including
bicycles, electric vehicles, automobiles, agricultural equipment, wind turbines
and others. 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. An example of a next generation
product is a NuVinci CVP that controls the speed of automotive accessory drives
(including air conditioning compressors, alternators, and superchargers)
independently of engine speed, thereby improving fuel economy or increasing
performance or both.

Fallbrook has built an extensive portfolio of over 400 patents and patent
applications worldwide. The company intends to continue its research and
development activities to enhance the performance and capabilities of NuVinci
technology.

For more information, visit www.fallbrooktech.com


CONTACT: David Oates
858-750-5560
doates@fallbrooktech.com

Jason Rasmussen
701-238-1700
jasonrasmussen@team-ind.com

Chris Plummer
706-860-8880
cplummer@tomberlin.net
News Source: NASDAQ OMX



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Language: English
Company: Fallbrook Technologies Inc.


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ISIN: US9901381908
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Datum: 25.07.2011 - 14:00 Uhr
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News-ID 449872
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