Ikona Gear International, Inc. (Ikona) is engaged in commercializing a gearing technology (the Ikona Gearing System), as well as application-specific designs for power transmission applications in the lead markets of oil and gas, industrial and automotive. The Ikona Gearing System utilizes a tooth shape. In high-ratio applications, the Ikona Gearing System can replace multiple-stage planetary gearing systems with a single-stage reduction ratio. The Company�s product offerings include products for various applications where transmission of mechanical power is being accomplished with the help of geared equipment. In the automotive market, the Ikona Gear technology is licensed by Magna Drivetrain AG & Company KG (Magna), a subsidiary of Magna International Inc., for their new electric parking brake actuator. Ikona has commercialized products designated for various applications in the oil and gas machinery market.