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Efficient Drivetrains and Toyota Motor Corp. Reach Agreement on Pending Patent Litigation
The terms of the agreement are confidential, but it includes an amicable resolution of all disputes related to the Frank/UC Patent Portfolio, and provides Toyota with freedom to operate.
February 21, 2012
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.
Reprinted with permission from Marketwire.
Marketwire
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