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
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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 Toyota
Paice has licensed its hybrid technology to Toyota, which accounts for about 65% of all hybrid vehicle sales in the United States. Toyota secured a global license for all Paice technology in 2010.
Ford has a limited licensing agreement with Paice that applies only to Paice’s first patent. When the companies were unable to reach a licensing agreement on subsequent patents, Paice filed a patent infringement lawsuit against Ford in February 2014 in U.S. District Court in Baltimore. Click here for more information.
Paice filed a similar lawsuit against Hyundai/Kia for using its hybrid technology without a license. On October 1, 2015, Paice won a $28.9 million verdict against the South Korean automakers. In addition to finding infringement and validity with respect to the Paice patents, the jury found that Hyundai and Kia willfully infringed those patents.
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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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Bloomberg reports that hybrid vehicles may see a boost in the wake of the Volkswagen scandal that has raised consumer mistrust of claims about the cleanliness of their diesel engines. Later this year, Toyota will introduce its fourth-generation Prius and says it will match the performance of diesel engines. “For a long time our dream has been to catch up with…
The decline in gas prices has slowed the sale of hybrid vehicles and pushed automakers to offer additional savings to car buyers. CheatSheet.com provides a look at seven standard hybrids that offers outstanding fuel economy at an affordable price. The Prius C takes top honors as the most efficient non-plug-in hybrid (53 mpg/city) and the cheapest available hybrid ($19,540). Other vehicles on…
A Baltimore-based inventor of hybrid engine technology and the Abell Foundation, which invested in the company, have won a $28.9 million jury award in a patent infringement case against Hyundai Motor Co. and affiliate Kia Motors Corp. The automakers knowingly used technology developed by Paice, a firm that designed a way to improve the performance of combined gas-electric engines, a…
Bloomberg reports that Hyundai Motor Co. and Kia Motors Corp. were told to pay Paice LLC $28.9 million after a federal jury said the South Korean carmakers infringed patents related to hybrid engines. The jury on Thursday, October 1 rejected arguments by Hyundai and Kia that the patents owned by Paice LLC were invalid, and instead found the infringement was intentional.…
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