Similar -
Max Torque is a different supplier, and one that's still in business!
Theirs is a two-piece design - separate drive and driven unit. Part of the driven unit is a spring-loaded sheave (as the drive unit pulley diameter gets bigger, the driven unit's spring-loaded sheave gets smaller.) Note that Comet's design also had the drive and driven pulley - they just marketed one of their designs to include a mounting plate that bolted to the engine, the pulley, and bearings, driven shaft/sheave/bearings, and cover, all under in one package. Comet also sold the individual drive/driven units...
Having BOTH the drive unit and the driven unit change diameters simultaneously increases the ratio change. You can use a fixed pulley as the driven unit, if you also add a spring loaded idler, to take up slack when the drive pulley gets smaller. Of course, this eliminates about half of the ratio change, but, it would allow you to use the drive unit as a part of a speed reducing jackshaft - just one that changes ratios automatically.
As a third approach, if you want to make a manual drive ratio change, you can use just the driven unit, a fixed drive pulley, and a manually adjusted idler pulley. As you move the idler out from the center line of the pulley drive, it will cause the spring-loaded sides of the driven sheave to spread, decreasing it's diameter, and decreasing the drive ratio.
As with the first approach I mentioned, this also removes some of the drive ratio range, but it lets you manually adjust the drive range. It's similar to how (among others) John Deere adjusts the ratios on the manual transmission garden tractors. (in their case, they used a double sheave though)