March 24, 2017 6:35 AM ET

Auto Components

Company Overview of Paice LLC

Company Overview

Paice LLC develops and patents hybrid electric power train/vehicle systems that include internal combustion engines and electric motors to automakers. The company was founded in 1992 and is based in Baltimore, Maryland.

111 South Calvert Street

Suite 2310

Baltimore, MD 21202

United States

Founded in 1992



Key Executives for Paice LLC

Chief Executive Officer and Director
Age: 75
Director of Finance
General Counsel
Age: 65
Compensation as of Fiscal Year 2016.

Paice LLC Key Developments

Hyundai Motor Co. and Kia Motors Corp. Sign Licensing Agreement with Paice

Paice has reached an agreement to license all of its hybrid vehicle technology to Hyundai Motor Co. and Kia Motors Corp. Paice has now licensed all or part of its hybrid vehicle technology portfolio to Toyota, Hyundai/Kia, and Ford – three of the world’s six largest automakers. These three companies currently account for 90% of all hybrid vehicle sales in the United States. The confidential licensing agreement with Hyundai and Kia brings an end to all litigation between the companies.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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