PAICE PRESS RELEASE | MAY 11, 2022 Paice, Abell, and Volvo Car agree to license patented technology BALTIMORE (MAY 11, 2022) — Paice and Volvo Car 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…
The Baltimore Sun reported that Paice and the Abell Foundation have filed a patent infringement lawsuit against Volvo in federal court over its use of hybrid engine technology. The story notes that “Paice, a pioneer in hybrid engine systems that grew out of a University of Maryland incubator, licenses technology used in most gasoline-electric hybrid vehicles on U.S. roads, including the…
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…
Automotive News reports that BMW has been hit with a patent infringement lawsuit filed by Paice LLC and The Abell Foundation in the U.S. District Court in Maryland. The lawsuit alleges that BMW has infringed on their patents involving hybrid engines. The story notes that Paice was involved in similar litigation with several automakers, including Ford, Toyota, Hyundai and Kia.…
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…
While other automakers are increasing their electric offerings, Toyota says hybrid technology will remain central to its strategy. “With hybrid technology at the center, Toyota will offer fuel-cell vehicles, plug-in hybrids, gasoline cars, and — although we’re a little bit late — electric vehicles,” said Toyota Motor Corp. President Akio Toyoda. “We’re not thinking about deciding that now it must…
Toyota has sold more than 10 million hybrid vehicles, including plug-in hybrids. The milestone was achieved just nine months after total sales reached 9 million units in April 2016. The automaker’s North America cumulative sales exceeded three million hybrids at the end of 2016. “When we launched Prius, no one even knew what a hybrid was, but, thanks to early…
A new Harris Poll found that nearly half of American car owners (48%) would consider buying a traditional hybrid vehicle the next time they’re in the market for a new car. Electrified vehicles — including hybrids, plug-in hybrids and battery-electric vehicles — have accounted for more than a half million vehicles sales the past two years. Millennials are more likely than their older drivers to…
GM plans to introduce a hybrid version of the Chevrolet Malibu in 2016 that leverages technology from the Chevrolet Volt propulsion system. The hybrid is expected to offer a combined fuel economy rating that exceeds 45 mpg — higher than the ratings of the Ford Fusion, Toyota Camry and Hyundai Sonata hybrids. Read more.
The 2015 Hyundai Sonata Hybrid was named a 10 Most Fuel-Efficient Car Under $25,000 by Kelley Blue Book’s KBB.com. The 2015 Sonata Hybrid uses an an all-electric mode during optimal moments, such as highway driving, and saves the gasoline engine start-up for conditions that require a heavier dose of power. All of this translates to improved efficiency and money saved for the driver. “The Sonata…