Startups
Nonprofits / Transportation

Paice reaches latest licensing deal with a big automaker, this time without litigation

The Abell Foundation–backed company, which holds patents for hybrid technology, reached a deal with Honda.

A Honda hybrid. (Photo by Flickr user Manoj Prasad, used under a Creative Commons license)

Hybrid vehicle technology Paice and longtime investor the Abell Foundation announced a new licensing deal with Honda.
It’s the latest such deal between a big automaker and Baltimore-based Paice, whose founder Dr. Alex Severinsky developed fundamental technology for hybrid vehicles in the 1990s. The company and the Baltimore-based Abell Foundation have also reached deals with Toyota, Ford, Hyundai/Kia and the Volkswagen Group. Those came as a result of settlements following litigation, which Paice said is not the case in this deal.
“The fact that Honda will take a license without the need for legal action shows that our technology patents are now recognized by the industry’s top automakers. Honda’s conduct sets the path forward for Paice as we continue to ensure Dr. Severinsky’s patented technology is available,” Abell Foundation Senior Vice President and Paice Executive Chairman Frances Keenan said in statement.
The Abell Foundation, which is no stranger to local tech investing, is a co-owner of patents issued to Paice. It first invested in the company in 1999. In a unique form of impact investing, the foundation uses earnings from its investments in local companies to fund work that helps Baltimore.
For its part, Honda’s goal is to have two-thirds of its cars electrified by 2030.
Terms of the licensing deal were not disclosed.

Companies: Abell Foundation

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

How to encourage more healthcare entrepreneurship (and why that matters)

Welcome to Camp Apple Intelligence

Find out what type of heat wave you’re really in for with NOAA’s HeatRisk dashboard

Baltimore Money Moves: Howard County cyber company lands $150M Series D

Technically Media