- Associated Press - Monday, October 5, 2015

BALTIMORE (AP) - A Baltimore-based hybrid engine technology company has won $28.9 million in damages in a patent infringement suit against Hyundai Motor Co. and Kia Motors Corp.

A U.S. District Court jury found Thursday that the automakers knowingly used technology Paice LLC developed. Paice, founded in 1992 by Russian native Alexander Severinsky and co-owned by the Abell Foundation, built a prototype hybrid-powered car but major automakers turned it away, sometimes after years of discussions.

Court documents show the companies plan to ask U.S. District Judge Marvin Garbis to reverse the verdict. The automakers had argued that Paice’s patents were invalid.

Toyota settled a Paice lawsuit by agreeing to license the technology. Paice also has a lawsuit pending against Ford Motor Co.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide