Paice News

Ford hybrids made in Mexico may be banned from U.S.

PAICE PRESS RELEASE | MARCH 8, 2017 Ford hybrids made in Mexico may be banned from U.S. U.S. International Trade Commission launches formal investigation into Ford Paice, a pioneer in the development of hybrid vehicle technology, announced today that the U.S. International Trade Commission (ITC) has instituted a formal investigation into patent infringement claims against Ford Motor Co. If Paice…

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Paice settles dispute with VW, Audi and Porsche relating to hybrid vehicle patents

PAICE PRESS RELEASE | JANUARY 11, 2017 BALTIMORE – Paice, a pioneer in hybrid electric vehicle technology, and the Abell Foundation announced today that they have entered into a settlement agreement with Volkswagen, Audi and Porsche regarding Paice’s hybrid vehicle patents. Terms of the agreement are confidential. The agreement brings an end to all pending legal issues between the companies.…

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Green Patent Blog: Paice’s licensing success is not a surprise given the power of its patents

Green Patent Blog recently highlighted Paice’s success in licensing its patented hybrid vehicle technology, noting that Paice has been an extremely successful non-practicing entity. It says the company’s success “is not a surprise when one understands the power of its patents” and emphasizes that Paice should not be considered a patent troll. “The company should not be put in that…

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Hyundai and Kia sign licensing agreement with Paice

PRESS RELEASE | DECEMBER 11, 2015 BALTIMORE – Paice, a pioneer in hybrid electric vehicle technology, has reached an agreement to license all of its hybrid vehicle technology to Hyundai Motor Co. and Kia Motors Corp. Paice has now licensed all or part of its hybrid vehicle technology portfolio to Toyota, Hyundai/Kia, and Ford – three of the world’s six…

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Baltimore Sun: Hybrid engine inventor wins $29 million in verdict against Hyundai and Kia

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…

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Paice LLC and The Abell Foundation Win $28.9 Million Verdict In Patent Infringement Lawsuit Against Hyundai Motor Co. and Kia Motors Corp.

PRESS RELEASE | OCTOBER 2, 2015 BALTIMORE – A Baltimore jury returned a verdict of $28,915,600 against Hyundai Motor Co. and Kia Motors Corp. in a patent infringement case in favor of Paice LLC, a small hybrid vehicle technology company, and The Abell Foundation. In addition to finding infringement and validity with respect to the Paice patents, the jury found…

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Bloomberg: Hyundai Loses $28.9 Million Patent Trial Over Hybrid Engines

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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Hyundai Headed to U.S. District Court To Face Charges of Patent Infringement

PRESS RELEASE | SEPTEMBER 15, 2015 A jury trial, scheduled to begin September 21 in Baltimore, will decide if Hyundai, Kia hybrids are infringing on Paice’s patented technology BALTIMORE – Hyundai, the South Korean automaker that has emphasized its desire to develop more eco-friendly vehicles, is headed to U.S. District Court in Baltimore next week to face charges that its hybrid…

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September 2015 trial date set for Hyundai/Kia lawsuit

PRESS RELEASE | JUNE 9, 2015 BALTIMORE – South Korean automakers Hyundai and Kia will go to trial over charges they are infringing on patented hybrid vehicle technology on September 21 in U.S. District Court in Baltimore. U.S. District Court Judge Marvin Garbis announced the trial dates in a May 26 order. Paice LLC and the Abell Foundation filed the lawsuit…

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Bloomberg: Patent Death Squad Causes Ruckus

Bloomberg reporter Sue Decker highlights the dispute between Paice and Ford as she examines a new review process at the U.S. Patent and Trademark Office that allows companies to challenge the validity of patents. She notes that the “inter partes reviews” program has been dubbed a patent “death squad.” Decker reports that when Paice filed a patent infringement lawsuit against Ford, the…

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