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Paice

Topic: Company

 From HandWiki - Reading time: 3 min
Paice
Native name
Paice LLC
TypeLLC[1]
IndustryAutomotive
Founded1992
FounderAlex Severinsky
Headquarters
Baltimore, Maryland, United States
Number of locations
1
Key people
Frances Keenan (Executive Chairman)[2]
Websitewww.paicehybrid.com


Paice is a Baltimore headquartered hybrid technology company. The company currently holds numerous patents in this field of technology. The company develops transitory technology for gas-driven and electricity-driven vehicles. Paice is currently involved in numerous patent conflicts with other larger companies of which an outcome has not yet been reached.

Company

Paice was founded by Alex Severinsky, a Russian emigrant, 1992.[3] Paice originally developed early hybrid-electric powertrain concepts for passenger vehicles. In recent years, Paice LLC has been controlled by the Abell Foundation and has focused on patent litigation. Paice has sued Toyota, Ford, and most recently Hyundai for allegedly infringing on its patents.

Field of Operation

Paice develops hybrid technologies for automotive use. Technologies developed by Paice are applied in various vehicles such as the Toyota Prius, Ford C-MAX and Porsche Cayenne E-Hybrid. Besides development marketing, the company also focuses on defending its patents.

Patents

Paice holds about 29 patents in the field of hybrid vehicle drivetrain. [4]

Core patents are:

  • Paice US patent 6.209.672, Hybrid car with two electric motors, one connected to engine and one connected to car wheels, from 1998[5]
  • Paice US-Patent 5.343.970, Improved hybrid electric vehicle where both engine and electric motor power the car, and energy is captured via regenerative braking, from 1992[6] and
  • Paice US patent 6.338.391, Electric motor coupled to turbocharged motor, and control system dating from 1999[7] as basic patents.[8]

Patent Conflicts

The company has patent conflicts with Hyundai because of its Hyundai Sonata Hybrid, and Kia, because of its Kia Optima hybrid car. Millions of dollars of compensation have been successfully claimed.[9] Similar claims against Ford in 7 of 25 patent appeals by Ford ended up in final decisions by the US patent office USPTAB in favor of Paice. Further decisions are in progress.

[10] [11] [12] [13] [14] [15] [16]

Lost Claims[17]

Paice's claims were backed by the Abell Foundation, a risk capital partner. [18] [19]

In 2016 Paice said that VW, Audi and Porsche used Paice patented technology infringing Paice's patents.[20] [21] [22] This dispute was settled in early 2017; the terms of the settlement are confidential.[23]

See also

References

  1. ↑ "Homepage". http://www.paicehybrid.com/about/board/. 
  2. ↑ "Leadership Team". http://www.paicehybrid.com/about/board/. 
  3. ↑ "Hyundai Loses $28.9 Million Patent Trial Over Hybrid Engines". https://www.bloomberg.com/news/articles/2015-10-01/hyundai-told-to-pay-paice-28-9m-over-hybrid-engine-patents. 
  4. ↑ company information on patents
  5. ↑ Alex Severinsky, "Hybrid car with two electric motors, one connected to engine and one connected to car wheels", US patent 6209672, published 1998
  6. ↑ Alex Severinsky, "Improved hybrid electric vehicle where both engine and electric motor power the car and energy is captured via regenerative braking", US patent 5343970, published 1992
  7. ↑ Alex Severinsky, "Electric motor coupled to turbocharged motor, and control system", US patent 6338391, published 1999
  8. ↑ "Griffith-Hack-Report". http://www.paicehybrid.com/about/griffith-hack-report. 
  9. ↑ "Hyundai Loses $28.9 Million Patent Trial Over Hybrid Engines". https://www.bloomberg.com/news/articles/2015-10-01/hyundai-told-to-pay-paice-28-9m-over-hybrid-engine-patents. 
  10. ↑ "Judgement IPR2014-00570". http://db8fgso3tb3n4.cloudfront.net/wp-content/uploads/2014/08/final-decision-441.pdf. 
  11. ↑ "Judgement IPR2014-00571". http://db8fgso3tb3n4.cloudfront.net/wp-content/uploads/2014/08/final-decision-44.pdf. 
  12. ↑ "Judgement IPR2014-00579". http://db8fgso3tb3n4.cloudfront.net/wp-content/uploads/2014/08/final-decision-45.pdf. 
  13. ↑ "Judgement IPR2014-00884". http://ptabtrialblog.com/wp-content/uploads/2015/12/IPR2014-00884-FWD-20151210.pdf. 
  14. ↑ "Judgement IPR2014-00904". http://www.merchantpostgrant.com/wp-content/uploads/2015/12/PTAB-12102015-FordMotorCompany-7237634-IPR2014-00904.pdf. 
  15. ↑ "Judgement IPR2014-01415". http://db8fgso3tb3n4.cloudfront.net/wp-content/uploads/2016/04/Final-Decision-30.pdf. 
  16. ↑ "Judgement IPR2014-01416". http://db8fgso3tb3n4.cloudfront.net/wp-content/uploads/2016/04/Final-Decision-26.pdf. 
  17. ↑ "LAW 360 - Ford Wins PTAB Challenge Over Hybrid Vehicle Tech". http://www.law360.com/articles/730702/ford-wins-ptab-challenge-over-hybrid-vehicle-tech. Retrieved 2016-06-30. 
  18. ↑ "Abell Foundation". http://www.abell.org/about. 
  19. ↑ "Abell Foundation backs Paice". http://articles.baltimoresun.com/2014-02-20/news/bs-md-ci-abell-hybrid-suit-20140220_1_abell-foundation-paice-patents. 
  20. ↑ "hybridCARS Paice Sues Volkswagen Alleging Hybrid Technology Patent Infringement". http://www.hybridcars.com/paice-sues-volkswagen-alleging-hybrid-technology-patent-infringement/. Retrieved 2016-06-30. 
  21. ↑ Decker, Susan (2016-04-16). "The Volkswagen accused of infringing hybrid patents". Detroit News. http://www.detroitnews.com/story/business/autos/foreign/2016/04/16/volkswagen-accused-infringing-hybrid-patents/83137178/. Retrieved 2016-06-30. 
  22. ↑ Dörner, Astrid (2016-04-30). "Klage gegen VW Volkswagen soll Hybrid-Technologien geklaut haben". Handelsblatt. https://www.handelsblatt.com/unternehmen/industrie/klage-gegen-vw-volkswagen-soll-hybrid-technologien-geklaut-haben/13525684.html. 
  23. ↑ Mirabella, Lorraine (2011-01-13). "Abell Foundation and Paice settle patent case with Volkswagen". The Baltimore Sun. http://www.baltimoresun.com/business/bs-bz-abell-paice-settle-volkswagen-20170113-story.html. 

External links




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