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…
A Baltimore-based inventor of hybrid engine technology and the Abell Foundation, which invested in the company, have won a $28.9 million jury award in a patent infringement case against Hyundai Motor Co. and affiliate Kia Motors Corp. The automakers knowingly used technology developed by Paice, a firm that designed a way to improve the performance of combined gas-electric engines, a…
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…
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…