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Honda Agrees to License Paice Hybrid Technology
Baltimore, Md.-based Paice LLC says it has reached an agreement with Honda Motor Co., under which the carmaker will license Paice’s hybrid powertrain technology.
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Baltimore, Md.-based Paice LLC says it has reached an agreement with Honda Motor Co., under which the carmaker will license Paice’s hybrid powertrain technology.
Terms of the deal weren’t disclosed.
Honda is the latest carmaker to settle with Paice, which has aggressively defended its hybrid patents that date back to 1994. Ford, Hyundai/Kia, Volkswagen and Toyota also are licensing Paice’s technology.
Paice, which was founded in 1992 by Alex Severinsky, has 30 international patents related to hybrid powertrains. The patents are co-owned by Abell Foundation Inc., a charitable foundation.
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