Licensing Paice Hybrid Technology: A History of Success
Since 1992, Paice has focused exclusively on enabling automakers to design and develop cost-effective hybrid electric vehicles that deliver superior fuel economy and performance. It has licensed its hybrid vehicle technology portfolio to the world’s most significant hybrid automakers – Toyota, Ford, Hyundai/Kia, and others – who collectively account for more than 80% of all hybrid vehicle sales in the United States.
Dr. Alex Severinsky and the Paice team have secured 30 hybrid vehicle patents worldwide, several of which are recognized as among the most important in the hybrid vehicle industry.
Over the years, Paice has worked with leading automakers and automotive suppliers around the world to design hybrid vehicles based on Paice’s patented technology. Many of the most popular hybrid vehicles being produced around the globe today use Paice technology.
Paice’s licensing agreements include:
In 2005, a federal jury found that Toyota infringed resulting in an award to Paice of $98 per car. Paice later filed a patent infringement complaint with the International Trade Commission, leading to a licensing agreement between the companies in 2010. Read the press release.
Following years of litigation, Ford signed a global license for Paice’s entire hybrid technology portfolio in 2018. The automaker had previously licensed a subset of the Paice’s technology in 2010. Read the press release.
Hyundai and Kia
Another federal jury found that Hyundai and Kia infringed Paice’s patents and ordered the car companies to pay Paice $28.9 million – roughly $200 per car in damages -in 2015. The companies later reached a confidential settlement that granted Hyundai and Kia full use of Paice’s patented hybrid vehicle technology. Read the press release.
Volkswagen, Audi, and Porsche
Paice brought another patent infringement action against VW, Audi, and Porsche for in 2016. The companies reached a global agreement later that year. Read the press release.
For information about licensing opportunities, contact Bill Leimkuhler at (203) 655-0696.