With thousands of dollars on the line, six Texas companies had to impress a panel of judges with a 20-minute pitch and question-and-answer session at Thursday’s Texas A&M New Ventures Competition.
Local company FluxWorks LLC received the top prize of $35,000 for its magnetic gear technology, which has improved reliability and reduced maintenance cost compared to its counterpart the mechanical gear.
Bryton Praslicka, president and CEO of FluxWorks LLC, said they are pursuing the free drone market due to sector growth. With its magnetic gear technology, Praslicka said the company plans to reduce drone noise by 83% and reduce CO2 emissions by having more electric delivery drones up and running.
The Eagle
