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Past Profile

eBlast
Ikona Gear International, Inc. (OTCBB: IKGI) 
October 27th, 2005.

 
 IKONA GEAR INTERNATIONAL INC. (OTCBB: IKGI) 

Dear Reader,

Donald Trump’s most famous literary offering was titled The Art of the Deal.  The StockUpTicks version might similarly be titled Wait for the Deal.

In short, what we like to see is real deals for the companies we cover.  We love juicy stories and promising business plans, but we like revenue-earning deals and agreements even more.  This tells us that management is capable and active… and that someone else is willing to bet on the company with their dollars and/or corporate future.

When a REAL deal is consummated it signals lots of positive things to investors, brokers and the investing public in general and our readers would be wise to take notice.  With this in mind, we are pleased to bring to your attention breaking news announcing an intriguing agreement with one of our featured companies, Ikona Gear International, Inc. (OTC BB: IKGI),

The news, of course, is detailed below.

Click here to view our April 19, 2005 profile on Ikona Gear


  Ikona Gear Continues its Run of Exciting Breakthroughs for its Revolutionary Gearing Technology

Press Release 
Source: Ikona Gear International, Inc.
Wednesday October 26, 9:45 am ET

Ikona Gear Inks Potential Multi-Million Dollar Development Agreement

Prototype Satellite Product Provides Initial $108,000 in Revenue With Long Term 
Commercial Potential Upwards of $3 Million

COQUITLAM, BC--(MARKET WIRE)--Oct 26, 2005 -- Ikona Gear International, Inc. (OTC BB:IKGI.OB - News), a leader in innovative gearing systems technology, today announced a new prototype development project with a tier one U.S. defense contractor. Under the terms of the five-year agreement, Ikona will initially receive $108,000 for the design, development and customization of a satellite antenna pedestal based on its patented gear technology platform. The new pedestal will, at the onset, be limited to government and military tactical applications. The license agreement also provides the client an option to either purchase additional units from Ikona, or have units manufactured by a third party. The agreement calls for the first five production units to be available at $60,000 per unit, and for prices to be scaled down progressively on annual orders of 25, 50 or 100 units. At 100 units per year, the agreement would result in revenues in excess of $3 million. A five-year volume commitment of 180 units is required for the client to maintain exclusivity in the military and tactical satellite market.

"We are pleased to add a global telecommunications company and tier one U.S. defense contractor to the growing list of adopters of the Ikona Gear platform," said Ikona CEO and President Laith I. Nosh. "This project is the first major win for our new management team, and for our new approach of incorporating our technology into manufactured solutions for the global engineering community."

Nosh continued, "This project further demonstrates the value of our intellectual property as it applies to highly precise actuation applications, and holds tremendous potential to be a multi-million dollar commercial product. We look forward to working closely with our market partners as we strive to make Ikona the gearing technology platform standard."

The Ikona Gear's patented tooth form provides several advantages over conventional gear designs, including zero backlash for higher precision, extremely high gear ratios for high precision positioning, and very rigid, light-weight and compact design.

About Ikona Gear International

Ikona Gear designs, manufactures and markets innovative gearing-enabled applications and gear increasing and reduction systems. Ikona's patented intellectual property involves a unique gear tooth form that provides very high gear reduction and very high gear tooth contact. The company's patented technology affords significant advantages over traditional planetary gearing systems including: very high torque, reduced size and weight, zero backlash, accurate back-and-forth actuation, low wear, superior efficiency and low noise. Ikona trades on the Over the Counter market under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "IG2." For more information on Ikona, please visit us at http://www.ikonagear.com/.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

    Contacts:
     Marty Tullio
     McCloud Communications, LLC
     949.553.9748
     Email Contact

     Mark D. Tullio
     McCloud Communications, LLC
     949.553.9748
     Email Contact

Source: Ikona Gear International, Inc.

To view all the recent news from Ikona - the link is HERE


 About Ikona Gear

Ikona Gear ("Ikona") designs, manufactures and markets innovative gearing-enabled applications and gear increasing and reduction systems. Ikona's patented intellectual property involves a unique gear tooth form that provides very high gear reduction and very high gear tooth contact. Ikona technology affords significant advantages over traditional planetary gearing systems including: very high torque, reduced size and weight, almost zero backlash, accurate back-and-forth actuation, low wear, superior efficiency and low noise. 

Ikona Gear International Inc. is commercializing and further developing its gear technology. Ikona has a unique combination of a revolutionary patented gear technology and the world’s most sophisticated gear engineers – this combination enables design engineers around the world to leverage Ikona’s gear design expertise into their innovative engineering applications.

“Ikona’s gear design is a technological breakthrough—it’s a revolution.” 
Dr. John R. Colbourne, one of the world's foremost authorities on gear engineering

The advantages of the Ikona Gear patented gearing technology include:

  • Size and weight reductions in gearing systems enabling installation within size constrained applications 
  • Can be manufactured in plastics for a highly rigid and strong gear solution 
  • Highest ratio of strength to weight available, especially in gear ratios above 10:1 
  • Highest gear ratio available in a single stage gear system, theoretically up to 5,000:1 
  • Zero backlash for extreme precision applications 
  • Patented gear design, licensable on an exclusive basis, and high gearbox efficiency under various load conditions 
  • Gear tooth profiles that are derived mathematically from a path of contact shaped as in the Archimedean spiral 
  • The internal gear teeth are conjugate to the pinion teeth 
  • The Ikona gear pair has high contact ratio and no tip interference 
    The Ikona Tooth Profile 
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The unique characteristics of the Ikona Gear make it suitable for many applications in a wide variety of industries. The Company has identified 85 target sectors for the Ikona Gearing System that include: Automotive components, medical applications, alternative energy applications, robotics, precision machinery, high torque machinery, aircraft and military equipment and other low-backlash applications. 

"There has not been such a significant invention in gearing technology in well over 50 years." 


The Ikona gear mesh consists of an external and internal tooth pair that are unique for each design. With conventional involute gearing, the closer a gear mesh gets to zero backlash, the more chance that even the slightest tolerance errors will cause gear jamming due to contact on both sides of the gear tooth. 

With the Ikona Tooth Form, 
even at zero backlash,
there is still ample clearance on the non-meshing 
side of the tooth.


 
    Financial Highlights For Ikona

Last Trade: $0.75 (10/26/05)
52wk Range: $0.45 - $1.11 
Shares O/S (millions) 25.149
Market Cap (millions) $18.861 
Float (millions) 16.394 

Ikona trades on the Over the Counter market under the symbol "IKGI" 
and on the Frankfurt Exchange under the symbol "IG2".

To View Form 10QSB (Quarterly Report) for IKONA GEAR INTERNATIONAL INC for period ended 31-May-2005, the link is HERE

To view all the latest filings for Ikona Gear on the SEC Web site, the link is Here
a
    TO CONTACT IKONA 

Ikona Gear International, Inc.
Corporate and Engineering Offices
1850 Hartley Avenue, Unit # 1
Coquitlam, BC, V3K 7A1
604-523-5500 - 604-520-5965 (fax)

Investor Relations Contacts
McCloud Communications
Mark Tullio (Mark@McCloudCommunications.com) 
Marty Tullio (Marty@McCloudCommunications.com)
949.553.9748

Click to visit the Ikona Corporate Web site


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