Deal with Russian-born inventor allows imports of Prius and other hybrids to continue in U.S. -FORBES
FROM FORBES: Toyota Motor, the leader in hybrid vehicles, has settled a patent-infringement dispute that had threatened to block the sale of the best-selling Prius and other Toyota hybrids.
The agreement with Paice LLC, a tiny Florida firm founded by Alex Severinsky, a 65-year-old Soviet refugee, came Monday just as a hearing was to begin on Paice’s claim against Toyota ( TM – news – people ) before the U.S. International Trade Commission in Washington.
Severinsky claimed Toyota had infringed his 1994 patent for a high-voltage, low-current hybrid system, which he said provided the ideal balance between performance and cost. MORE»
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