Tag Archives: Alex Severinsky

Honda licenses hybrid vehicle patents from Paice, Abell Foundation

PAICE PRESS RELEASE | SEPTEMBER 25, 2018 Honda licenses hybrid vehicle patents from Paice, Abell Foundation Another leading automaker signs a licensing agreement for Paice’s patented technology Paice, a pioneer in hybrid electric vehicle technology, announced today that it has reached an agreement to license its patented technology to Honda. One of the world’s leading car companies, Honda has ramped…

Read More

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.…

Read More

Maryland profile lists Severinsky among notable Terrapins

With the University of Maryland playing its first football season in the Big 10, a newspaper in Cedar Falls, Iowa ran a feature to introduce fans to the Terrapins. On a list highlighting notable people with ties to the University, Paice founded Alex Severinsky was listed alongside Seinfeld creator Larry David, Jim Henson of Muppets fame, journalist Carl Bernstein, and UnderArmour founder…

Read More

AP: Toyota settles Prius patent dispute with tech firm

Toyota Motor Corp. said Monday it has settled a years-long dispute with a U.S. company that had claimed the Japanese automaker used its technology without permission in its hybrids. The deal ends a squabble that had briefly threatened to block the Prius from being sold in the U.S. Toyota and Paice LLC said they have settled their patent dispute and…

Read More

Bloomberg: Toyota Settles Infringement Case Over Hybrid Patent

Toyota Motor Corp., the world’s biggest automaker, settled a patent-infringement dispute that had threatened U.S. imports of its newest hybrid vehicles, including the Prius. The agreement with Paice LLC, ending six years of litigation, was announced today as a hearing was to begin on a claim against Toyota before the U.S. International Trade Commission in Washington. Terms weren’t disclosed and lawsuits…

Read More

Forbes: Toyota’s Other Legal Mess

On a scorching summer day during the 1979 oil crisis, Alex Severinsky, a Soviet refugee, sat for 45 minutes in a sweltering Oldsmobile Cutlass, waiting for the chance to buy gasoline in Dallas. “I’m thinking to myself, in Moscow I’d wait in line in temperatures that were minus 20 to 30 degrees Centigrade for food. Here I’m doing the same…

Read More

Financial Times: Patent dispute adds to Toyota’s woes

As if Toyota did not have enough on its plate with a series of damaging recalls, the Japanese carmaker is embroiled in a long-running patent-infringement dispute in the US involving a key part of the technology that drives its hybrid petrol-electric vehicles. The dispute will come to a head on April 19 when the US International Trade Commission hears an application…

Read More