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Efficient Drivetrains and Toyota Motor Corp. Reach Agreement on Pending Patent Litigation

Reprinted with permission from Marketwire.

PALO ALTO, CA--(Marketwire - Feb 21, 2012) - Efficient Drivetrains, Inc. (EDI), a global leader in advanced, high-efficiency HEV, PHEV, and CVT solutions, today announced that EDI and Toyota Motor Corp. (Toyota) have resolved a dispute regarding a portfolio of patents owned by the University of California (UC), which originates from the work of Dr. Andrew A. Frank, Ph. D., at the University of California-Davis (the Frank/UC Portfolio). Dr. Frank is a co-founder of EDI, the exclusive licensee to the Frank/UC Portfolio.

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Efficient Drivetrains and Toyota Motor Corp. Reach Agreement on Pending Patent Litigation