Ford Motor Co.

Honda licenses hybrid technology from Baltimore tech firm, Abell Foundation

Honda licenses hybrid technology from Baltimore tech firm, Abell Foundation

Another giant automaker has settled with a Russian immigrant inventor and his Baltimore-based backers to license patents for hybrid vehicle technology they’ve been using.

Honda agreed to license the patents from Paice, a Baltimore-based company backed by the Abell Foundation, without a legal battle, the company announced Tuesday.

Terms of the deal were not disclosed, but it could be worth millions of dollars eventually if Honda expands its toehold in growing hybrid auto sales.

Honda follows Toyota, Hyundai/Kia, Volkswagen and Ford Motor Co. in settling with Paice, which co-owns the patents with the Abell Foundation, the Baltimore...

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