The Baltimore Sun reported last week that Ford Motor Co. has taken a license to the technology of Paice, a Baltimore-based technology company. Lorraine Mirabella for the newspaper writes, “Ending a long-running legal battle, Ford Motor Co. agreed to pay a Baltimore-based technology firm and the Abell Foundation to use a hybrid engine technology. The value of the licensing deal, announced Thursday, was not disclosed.”
“Paice filed a complaint with the International Trade Commission against Ford in February 2017, accusing the automaker of patent infringement in vehicles imported into the United States. Paice asked the commission to ban the company from importing vehicles such as the Ford Fusion and Lincoln MKZ hybrids. A bench trial was held the first week in November, and the settlement and licensing agreement, reached earlier this year, was finalized Monday by a trade commission judge.”
Frances Keenan, Paice’s Chairman, was quoted as saying “We believe in the near future that hybrids will still be extremely important in the world of electrification… Hybrids are critical to the mix of electrification and will continue to be for years to come.” Read more.