Fallbrook Technology and TEAM Industries announced an exclusive licensing agreement for Fallbrook’s NuVinc CVP (continuously variable planetary) technology in North America and Europe for the STOV market.  Under the agreement, TEAM will have “…manufacturing rights for their light utility and recreational vehicle families for North America and Europe and includes an engineering services agreement (ESA) for the development of a NuVinci vehicle transmission, with development running through 2013 and into 2014. The agreement also provides for royalties with commercialization volume milestones beginning in 2015.”  The agreement covers the ATV, UTV, LSV and NEV markets.  The companies have been working together since 2011.  Learn more:  Marketwatch.com