A Driving Force Behind Today’s Hybrid Vehicle Technology
Paice has been at the forefront of hybrid technology for more than 20 years. Led by an innovative and experienced team of automotive veterans, Paice made its mark by discovering new ways to maximize fuel efficiency and reduce harmful emissions without sacrificing driving performance.
Popular hybrid electric vehicles in the US market
To protect our inventions, Paice filed a patent infringement lawsuit against Ford in 2014 and Hyundai/Kia in 2012 in U.S. District Court. Paice's hybrid technology was licensed by Toyota, the world’s leading manufacturer of hybrid vehicles, in 2010.
Click here to read the FORD complaint.
Click here to read the HYUNDAI/KIA complaint.
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Paice is a small American company that played a big role in the development of today’s hybrid vehicles. By developing hybrid technology before major automakers began to focus on the potential advantages associated with electrification of the powertrain, Paice's technology laid the foundation for cost effective hybrid vehicles that provide fuel efficiency and low emission levels. See how Paice laid the foundation for today’s hybrid vehicles.
Hybrid vehicles — which combine the use of an internal combustion engine and one or more electric motors to improve fuel efficiency — have never been more popular. The sale of hybrid vehicles continues to grow thanks to an expanding selection of vehicle choices and more competitive pricing. Learn more about hybrid electric vehicles.
Paice's inventions are considered among the most significant in the hybrid industry. An independent analysis of 58,000 hybrid vehicle patents found that Paice owned four of the Top 10 most influential hybrid vehicle patents in the world. That's more than Toyota and Ford combined. Read the Griffith Hack report.
Paice Technology Licensed by Major Automakers
Paice has licensed its hybrid technology to Toyota and Ford, two of the world’s largest automakers. Toyota secured a global license for all Paice technology, while Ford’s license applies only to Paice’s first patent (U.S. Patent No. 5,343,970).
To protect its rights under its later patents, Paice filed a patent infringement lawsuit against Ford in February 2014 in U.S. District Court in Baltimore. Click here for more information.
Toyota and Ford account for more than 80% of all hybrid vehicle sales.
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When Alex Severinsky came to the United States in the late 1970s, the nation was in the midst of an oil crisis and long lines for gas were commonplace. An electrical engineer, Alex began looking at alternative approaches to gasoline-powered engines and started developing ideas for a hybrid gasoline/electric powertrain that could reduce America’s dependence on oil. Years later, he founded Paice to turn that vision into reality.
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Torque News reports that the 2015 Mercedes-Benz S550 — the company’s first plug-in hybrid — features technology developed on the race track for its Formula One team. It will offer performance of a V8 (0 to 62 mph in just 5.2 seconds) and the fuel consumption of a compact model (able to travel up to 20 miles on purely electric power). Read more.
Kia will introduce the Optima T-Hybrid concept at the upcoming Paris Motor Show. The car is the first demonstration of Kia’s new diesel-electric mild hybrid technology, a power train it hopes can reduce fuel consumption and carbon emissions by 15 to 20 percent. GreenCarCongress.com reports that the T-Hybrid combines the regular 1.7-liter turbo diesel from the Kia Optima with a small electric…
HybridCars.com reporter Jeff Cobb breaks down the pros and cons between hybrids and plug-in hybrids: Price: The edge here goes to hybrids, which cost less than their plug-in counterparts. However, plug-in hybrids are eligible for federal tax credits and perhaps state incentives, too. Selection: Advantage hybrids. There are more than 30 hybrid models currently on the market, compared to only seven plug-in…
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