Paice (company)

Last updated
Paice
Native name
Paice LLC
Company type LLC [1]
Industry Automotive
Founded1992
Founder Alexei Severinsky
Headquarters,
Number of locations
1
Key people
Frances Keenan (Executive Chairman) [1]
Website www.paicehybrid.com

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

Contents

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

Related Research Articles

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Alexei "Alex" Severinsky is an American engineer immigrated from post-Soviet Russia. He graduated with Master of Science degree from the Kharkiv National University of Radioelectronics in 1967 and got his Candidate of Science degree (Ph.D.) in Electrical Engineering from Institute for Precision Measurements in Radioelectronics and Physics in Moscow in 1975. Before the emigration he worked in Kharkiv, Ukraine. Severinsky emigrated from the Soviet Union to the United States in 1978.

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References

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  5. USpatent 5343970,Alex Severinsky,"Improved hybrid electric vehicle where both engine and electric motor power the car and energy is captured via regenerative braking",published 1992
  6. USpatent 6338391,Alex Severinsky,"Electric motor coupled to turbocharged motor, and control system",published 1999
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  21. Mirabella, Lorraine (2011-01-13). "Abell Foundation and Paice settle patent case with Volkswagen". The Baltimore Sun. Archived from the original on 2018-05-17. Retrieved 2018-05-18.