Paice (company) explained

Paice
Native Name:Paice LLC
Native Name Lang:en
Type:LLC[1]
Industry:Automotive
Foundation:1992
Founder:Alexei Severinsky
Location City:Baltimore, Maryland
Location Country:United States
Locations:1
Key People:Frances Keenan (Executive Chairman)

Paice is a hybrid technology company headquartered in Baltimore. The company develops transitory technology for gas-driven and electricity-driven vehicles.

Company

Paice was founded by Alexei Severinsky, a Russian emigrant, in 1992.[2] 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 vehicle drivetrains used in the automotive industry. Hybrid technology 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 that are related to hybrid vehicle drivetrains.[3]

Core patents are:

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.[2]

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.[8] [9] [10] [11] [12] [13] [14]

Lost Claims

Paice's claims were backed by the Abell Foundation, a risk capital partner.[15] [16] [17]

In 2016 Paice said that VW, Audi, and Porsche used Paice patented technology infringing Paice's patents.[18] [19] [20] This dispute was settled in early 2017 and the terms of the settlement are confidential.[21]

See also

References

  1. Web site: Homepage . 2016-05-03 . 2016-05-03 . https://web.archive.org/web/20160503152648/http://www.paicehybrid.com/about/board/ . dead.
  2. Web site: Hyundai Loses $28.9 Million Patent Trial Over Hybrid Engines . . https://web.archive.org/web/20230606203617/https://www.bloomberg.com/news/articles/2015-10-01/hyundai-told-to-pay-paice-28-9m-over-hybrid-engine-patents . 2023-06-06 . live .
  3. Web site: company information on patents . https://web.archive.org/web/20160502111700/http://www.paicehybrid.com/volkswagen-group-faces-itc-challenge-hybrid-patents/ . 2016-05-02 . dead.
  4. US . 6209672 . patent . Hybrid car with two electric motors, one connected to engine and one connected to car wheels . 1998 . Alex Severinsky.
  5. US . 5343970 . patent . Improved hybrid electric vehicle where both engine and electric motor power the car and energy is captured via regenerative braking . 1992 . Alex Severinsky.
  6. US . 6338391 . patent . Electric motor coupled to turbocharged motor, and control system . 1999 . Alex Severinsky.
  7. Web site: Griffith-Hack-Report . 2016-05-02 . 2016-05-02 . https://web.archive.org/web/20160502111704/http://www.paicehybrid.com/about/griffith-hack-report/ . dead.
  8. Web site: Judgement IPR2014-00570 . 2016-05-02 . 2016-05-02 . https://web.archive.org/web/20160502090229/http://db8fgso3tb3n4.cloudfront.net/wp-content/uploads/2014/08/final-decision-441.pdf . dead.
  9. Web site: Judgement IPR2014-00571 . 2016-05-02 . 2016-05-02 . https://web.archive.org/web/20160502090244/http://db8fgso3tb3n4.cloudfront.net/wp-content/uploads/2014/08/final-decision-44.pdf . dead.
  10. Web site: Judgement IPR2014-00579 . 2016-05-02 . 2016-05-02 . https://web.archive.org/web/20160502090232/http://db8fgso3tb3n4.cloudfront.net/wp-content/uploads/2014/08/final-decision-45.pdf . dead.
  11. Web site: Judgement IPR2014-00884 . 2016-05-02 . 2016-05-02 . https://web.archive.org/web/20160502090234/http://ptabtrialblog.com/wp-content/uploads/2015/12/IPR2014-00884-FWD-20151210.pdf . live.
  12. Web site: Judgement IPR2014-00904 . 2016-05-02 . https://web.archive.org/web/20160502090238/http://www.merchantpostgrant.com/wp-content/uploads/2015/12/PTAB-12102015-FordMotorCompany-7237634-IPR2014-00904.pdf . 2016-05-02 . dead.
  13. Web site: Judgement IPR2014-01415 . 2016-05-02 . 2016-05-02 . https://web.archive.org/web/20160502090239/http://db8fgso3tb3n4.cloudfront.net/wp-content/uploads/2016/04/Final-Decision-30.pdf . dead.
  14. Web site: Judgement IPR2014-01416 . 2016-05-02 . 2016-05-02 . https://web.archive.org/web/20160502090241/http://db8fgso3tb3n4.cloudfront.net/wp-content/uploads/2016/04/Final-Decision-26.pdf . dead.
  15. Web site: Abell Foundation . 2016-05-02 . 2016-05-05 . https://web.archive.org/web/20160505033638/http://www.abell.org/about . live.
  16. Web site: Abell Foundation backs Paice . 2016-05-02 . 2016-05-02 . https://web.archive.org/web/20160502090243/http://articles.baltimoresun.com/2014-02-20/news/bs-md-ci-abell-hybrid-suit-20140220_1_abell-foundation-paice-patents . dead.
  17. Web site: LAW 360 - Ford Wins PTAB Challenge Over Hybrid Vehicle Tech . 2016-06-30 . 2016-06-10 . https://web.archive.org/web/20160610134819/http://www.law360.com/articles/730702/ford-wins-ptab-challenge-over-hybrid-vehicle-tech . live . limited.
  18. Web site: Paice Sues Volkswagen Alleging Hybrid Technology Patent Infringement . hybridCARS. 2016-06-30. 2016-08-14. https://web.archive.org/web/20160814052455/http://www.hybridcars.com/paice-sues-volkswagen-alleging-hybrid-technology-patent-infringement/. dead.
  19. Web site: The Volkswagen accused of infringing hybrid patents. Decker. Susan. Detroit News. 2016-04-16. 2016-06-30. 2016-06-28. https://web.archive.org/web/20160628011124/http://www.detroitnews.com/story/business/autos/foreign/2016/04/16/volkswagen-accused-infringing-hybrid-patents/83137178/. live.
  20. Web site: Klage gegen VW Volkswagen soll Hybrid-Technologien geklaut haben . Dörner . Astrid . de . Handelsblatt . 2016-04-30 . 2016-06-30 . 2016-06-11 . https://web.archive.org/web/20160611121350/http://www.handelsblatt.com/unternehmen/industrie/klage-gegen-vw-volkswagen-soll-hybrid-technologien-geklaut-haben/13525684.html . dead.
  21. Web site: Abell Foundation and Paice settle patent case with Volkswagen. Mirabella. Lorraine. The Baltimore Sun. 2011-01-13. 2018-05-18. 2018-05-17. https://web.archive.org/web/20180517153500/http://www.baltimoresun.com/business/bs-bz-abell-paice-settle-volkswagen-20170113-story.html. live.

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