PAICE PRESS RELEASE | MAY 28, 2020 Paice, Abell, and Daimler agree to license patented technology Paice and Daimler have reached an agreement to license patented hybrid technology. Paice was an early leader in electrified vehicles. The company was awarded its first hybrid vehicle patent in 1994, long before most automakers began seriously focusing on ways to improve fuel efficiency…
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…
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.…
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…
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…
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…
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…
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…