BC Business
startup name: Vireo Technologies Inc.
founded: 2007
number of employees: 12
lead product: A continuously variable transmission (CVT) for industrial use.
milestone: Last year Vireo bought the worldwide exclusive rights to produce its CVT for industrial applications such as wind farms.
The world needs this product because:
The product improves the efficiency of industrial engines dramatically. President Janet Benjamin explains that in some industries it could mean hundreds of thousands of gallons of gasoline conserved each month.