Native name Paice LLC Industry Automotive Founder Alex Severinsky | Type LLC Number of locations 1 Founded 1992 | |
 | ||
Headquarters Baltimore, Maryland, United States Key people Frances Keenan (Executive Chairman) | ||
Paice is a Baltimore headquartered hybrid technology company. She holds numerous patents in this field of technology. This technology is a transitory technology from gas driven vehicle to electricity driven . Her fighting 'David against Goliath' to defend its claims is noteworthy.
Contents
Company
Paice developed early hybrid-electric powertrain concepts for passenger vehicles in the 1990's. Paice developed 'Hyperdrive'. Founder is Alex Severinsky, a Russian emigrant, 1992. 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, as developed by Paice are applied in Toyota Prius, Ford C-MAX, Porsche CayenneHybrid and other vehicles. Besides development marketing and defense of patents held are essential tasks.
Patents
Paice holds about 29 patents in the field of hybrid vehicle drivetrain.
Core patents are
Patent Conflicts
Against Hyundai because of Hyundai Sonata Hybrid, and Kia,because of its Kia Optima hybrid car, compensations millions worth were successfully claimed. Similar claims against Ford in 7 of 25 patent appeals by Ford ended up in final decisions by US patent office USPTAB in favour of paice, further decisions are in progress.
Paice's claims were backed by the Abell Foundation, an risk capital partner.
Paice says, that VW, Audi and Porsche used Paice patented technology infringing Paice's patents.