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Recent Developments at Ikona Gear

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February 21, 2005—Ikona Gear has entered into a developmental agreement with StarRotor Corp. to provide patented Ikona technology for the third generation of StarRotor's proprietary engine design.

According to the company's press release, the companies will jointly develop and test Ikona Gear's patented tooth form and later negotiate a licensing agreement with royalties based on StarRotor's net engine sales. Both companies will file a separate patent to protect their intellectual properties.

Ikona has entered into a separate non-disclosure agreement with Paccar-Winch Division of Paccar Inc. in which both colmpanies will collaborate to assess the adequacy of Ikona's Slew-Ring and D-Drive differential technologies in Paccar's new winches and host drives.

If the results prove successful, Paccar will gain exclusive worldwide distribution rights within the winch industry.