Paice Technology Licensed by Toyota, Ford, Hyundai and Kia
Paice has licensed all or part of its hybrid vehicle technology portfolio to Toyota, Hyundai/Kia, and Ford – three of the world’s six largest automakers. These three companies currently account for 90% of all hybrid vehicle sales in the United States.
Toyota signed a licensing agreement with Paice in 2010. The agreement allows Toyota the use of all Paice technology. The agreement resolved all legal issues between the companies. Read the press release.
Hyundai and Kia
Hyundai and Kia signed a licensing agreement with Paice in 2015. The agreement gives Hyundai/Kia the use of all Paice technology. The agreement resolved all legal issues between the companies. Read the press release.
Ford signed a licensing agreement with Paice in 2010. The limited licensing agreement gave Ford the right to use the Paice technology protected in U.S. Patent No. 5,343,970. When the companies were unable to reach a licensing agreement on subsequent patents, Paice filed a patent infringement lawsuit against Ford in 2014. Click here for more information.
Paice is committed to the ongoing development of hybrid technology and continues to make its hybrid vehicle technology available to automakers.
For information about licensing opportunities, contact Bill Leimkuhler at (203) 655-0696.