Fallbrook Technologies is a provider of a technology intended to offer continuously variable transmission (CVT) for bicycles. The company develops, distributes, and licenses the NuVinci continuously variable planetary (CVP) transmission system for deployment in bicycle, automotive, off-highway, and industrial applications. The NuVinci technology displaces the 2500-year-old ""gear"" technology, and instead uses ""spheres,"" improving the efficiency and performance of mechanical systems worldwide. It is applicable to a wide range of applications. Licensees include industry leaders such as Dana Holding Corporation, Allison Transmission, and TEAM Industries.