Paice Press Releases

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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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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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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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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Toyota and Paice Reach Settlement of Patent Disputes

PRESS RELEASE | JULY 19, 2010 WASHINGTON, DC – Toyota Motor and Paice LLC have entered into an agreement to settle the patent disputes between them. The terms of the agreement are confidential. All lawsuits between the companies will be dismissed. “I am happy that Toyota and Paice came to an amicable resolution on the use of my power-assisted engine…

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