raj_a,
Guess I'll put this in your hands. What are you really asking? Are you looking to sell this? Are you designing something and need ideas on best type of seals to use?
Duo Cone seals I believe are a Cat design or at least that is the only place I have seen them used. The are very basically two hard steel rings that are held in contact by the springing action of large rubber rings. There are other seal designs that could be referred to as "Mechanical Seals". Such as the seals used in many water pump with a carbon ring running against a ceramic ring. Also there is the labyrinth seals, I would need to find a picture of one of those to explain how they work.
The more I think of it I seem to recall a Dresser loader that had a somewhat different version of the Duo-Cone Cat type seal in the finals.
And Google is your friend:
http://www.tss.trelleborg.com/global/en/products_2/mechanicalfaceseals/mechanical-face-seals-heavy-duty-seals.html
These are what the Duo-Cone seals look like, so I guess Cat does not own the design!