SOURCE: Efficient Drivetrains Inc. (EDI)

Efficient Drivetrains Inc. (EDI)

February 21, 2012 06:30 ET

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

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.

On July 20, 2011, Toyota filed a federal declaratory judgment action against EDI in San Jose, California, seeking certain relief regarding the Frank/UC Portfolio, styled as Toyota Motor Corp. v. Efficient Drivetrains Inc. and the Regents of the University of California, File No. 11-cv-03570. That case has now been voluntarily dismissed in view of the settlement.

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.

"EDI is happy that this case has now been resolved," said Joerg Ferchau, CEO of EDI. "We look forward to continuing our work in the green vehicle industry. We are excited about the future of fuel-efficient technologies."

EDI is represented by Jan Conlin, Matthew Woods, and Peter Surdo of Robins, Kaplan, Miller & Ciresi L.L.P.

About EDI:
Efficient Drivetrains, Inc. (EDI) develops and markets a range of state-of-the-art proprietary drivetrain products and technologies that have direct application in PHEVs, HEVs, and BEVs worldwide. EDI and Professor Frank have developed leading edge hybrid electric drivetrain systems and technologies providing significant cost and efficiency advantages for parallel and series hybrid drivetrain architectures across nearly all platform classes and configurations. In addition, EDI has developed a game-changing technology for new types of continuously variable transmissions (CVT) that are the most efficient and largest capacity transmissions of their type in the industry today, including patents directed to charge depletion control, fuel consumption control, CVT technology, and turbocharger generation. Dr. Frank has been referred to as the "father of the modern plug-in hybrid electric vehicle." EDI is currently active in automotive projects throughout North America and the APAC region. More information about EDI is available at http://www.efficientdrivetrains.com.

About Robins, Kaplan, Miller & Ciresi L.L.P.
Robins, Kaplan, Miller & Ciresi L.L.P. (www.rkmc.com) is one of the top trial firms in the country. The firm represents some of the world's largest companies, most innovative start-ups, and individuals. Robins, Kaplan, Miller & Ciresi L.L.P. is frequently engaged in high-stakes, complex litigation with significant bottom-line implications for their clients. The Intellectual Property Litigation Group is the largest practice group and includes over 100 lawyers and ten Ph.D. Science Advisors. In 2009, Law360 ranked the firm in the top 5 list of general practice firms with the largest IP practice in the United States. In 2004, The American Lawyer named the firm the "IP Litigation Department of the Year" for 2003. The firm has more than 250 lawyers located in Atlanta, Boston, Los Angeles, Minneapolis, New York and Naples (FL).

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