Paice (company)
Paice is a Baltimore headquartered hybrid technology company. It holds numerous patents in this field of technology. The company develops transitory technology for gas driven and electricity driven vehicles. Paice also has numerous patent conflicts with larger companies. Company. Paice developed early hybrid-electric powertrain concepts for passenger vehicles in the 1990s. Paice developed 'Hyperdrive'. The 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 developed by Paice are applied in various vehicles such as the Toyota Prius, Ford C-MAX and Porsche CayenneHybrid. Besides development marketing, the company also focuses on defending its patents. Patents. Paice holds about 29 patents in the field of hybrid vehicle drivetrain. 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 has been 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, a risk capital partner. In 2016 Paice said that VW, Audi and Porsche used Paice patented technology infringing Paice's patents.