Griffith Hack Clean & Sustainable Technologies

PAICE outsmarts TOYOTA with hybrid vehicle patent settlement by Justin Blows
July 21, 2010, 1:01 pm
Filed under: Feature

According to this report, TOYOTA has settled a patent dispute with PAICE LLC for an undisclosed sum.

In my opinion, the settlement may possibly be in the 10’s of millions of dollars.

The settlement came just before a trial which may have blocked importation of TOYOTA’s iconic PRIUS and other hybrid vehicles into the US.

Apparently, PAICE, which is relatively very small, also licensed its patents to FORD recently.

This shows once again how patents can be used effectively for commercial advantage.

Justin Blows


Leave a Comment so far
Leave a comment

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: