Floyd’s innovations continue to this day. In 2003, he released the SpeedLoader Tremolo System which used the same priciple of his namesake locking tremolo design but using pretuned proprietary strings. In development since 1991, the system cut down the player's restringing time from 10 minutes or more to under 30 seconds for the skilled technician and without the need to cut the ball ends of the string nor the use of allen wrenches. By using fine tuners and the precisely cut strings, it rendered tuning heads on the headstock useless in this application. The SpeedLoader was made in both tremolo and fixed-bridge versions.
Most recently, Floyd has been in development of the FRX Retrofit Tremolo System for Les Paul-style guitars. Requiring no routing to the body, the FRX is a surface-mounting bridge that swaps the Tune-O-Matic bridge with the new tremolo using existing post holes. The locking nut is a truss rod cover/nut hybrid that goes in place directly above the stock nut on the guitar and does not need a routed nut shelf. A constant tinkerer, Floyd has been working on this design for several years and continues to make improvements. You can look for the system at NAMM 2014 at the Floyd Rose Booth (4860) in Hall C.
While disappointed with major labels increasingly discouraging innovation with formulaic releases, and taking issue with the way in which the Internet has become a musical free-for-all, Floyd still feels very optimistic about newer artists that continue to push the envelope and keep real guitar-playing in the spotlight, citing The Mars Volta and Love45. He continues to work towards ever-increased consistency and quality, as well as lowered prices, despite already stellar reviews and a vast satisfied clientele, in order to compete with outsourcing manufacturers and keep the Floyd Rose brand at the top of the guitar food chain, always well ahead of the curve.
Despite his incredibly lucrative work as an inventor, Floyd never considered the success of his innovation to be an alternative to a career as a successful musician, but rather an accessory to that career. While his musical exploits might not be as well-known as his tremolo system, Floyd did make his mark in music history, and plays to this day. Based out of Seattle in the early 1980’s, Floyd’s band C.O.R.E. featured himself and Scott Palmerton, also known as Jonathan K.; eventually the two left the group to form Q5 with guitarist Rick Pierce, bassist Evan Sheeley and drummer Gary Thompson, all of whom were former members of the group TKO who appreciated Floyd’s compositional strength. Q5 was noticed by Heart’s management team, and recorded a seven song demo. Their debut album Steel the Light was released in 1984, which had unexpected success in Europe after a re-release on the Music for Nations label. The success of the debut album warranted a follow-up called When The Mirror Cracks in 1985, an album with a strikingly different aesthetic; they disbanded shortly after this release, and the remaining members formed the band Nightshade. The strength of Floyd’s compositions has been proven by their recurrence; Great White would later cover Q5’s “Ain’t No Way To Treat A Lady,” and as recently as 2006 InnerWish covered “Lonely Lady” on their album, Inner Strength. Floyd’s musical endeavors continued with his work on 34 Below’s 2001 album, Is It You?, which he engineered and produced, and Q5 would come back together to perform at Headbangers Open Air in 2009, opening with their second album’s title track.
Floyd has also been spending his time as a country music songwriter. As of 2013, he has written a number of tunes recorded by some of Nashville's best session players showcasing his supreme skills as a composer and arranger, dating back to his days in Seattle with Q5.