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IVI and Toyota have a long and successful history of working together on inventions in the areas of automotive technologies, most recently in the development of hybrid electric vehicles, and in batteries, fuel cells, and related technologies. IVI has a powerful portfolio of over 7,000 granted, issued, and pending IVI patents in the areas of automotive technologies, battery technologies and technologies of related to storage systems.
These patents are provided by a partnership between Toyota and Intellectual Ventures Inc. (IVI), a patent-holding company headquartered in Bellevue, Wash. Based on Toyota's wide patent portfolio, IVI has developed an Intellectual Property Licensing System in order to provide Toyota with a mechanism to facilitate bringing together the relevant inventors and assignees of essential patents in a unified manner. IVI's business model is focused on licensing the patents held by IVI to its clients.
Toyota also signed an agreement with General Motors (GM) to collaborate on electrified vehicle technologies. Although not participating in the cross-licensing activities, Toyota will continue to collaborate with GM on relevant technologies for electrified vehicles.
As an outgrowth of these collaborations, IVI and Toyota have been working on a cross-licensing agreement since 2014. Under the terms of this agreement, IVI will grant to Toyota all of IVI's patents and patent applications in the areas of batteries, fuel cells, automotive technologies, and related technologies.
IVI and Toyota are committed to sharing knowledge across the industries for the benefit of society. In addition to licensing Toyota's patents, IVI will make its patent portfolio available to global organizations for research and development in the fields of batteries, fuel cells, automotive technologies, and related technologies.
About ToyotaHybrid SystemsToyota Hybrid System Engineering Co., Ltd. (THSE) is an independent company established in 2007 and based in Toyota City, Aichi, Japan, to work on the system architecture and integration of hybrid vehicles. To date, the company has been involved in the development of HEVs, PHEVs, and FCEVs.
About Toyota Motor CorporationToyota Motor Corporation (TMC) is one of the global automotive industry leaders. The company designs, manufactures, markets and distributes vehicles, motor vehicles and parts through its Toyota, Lexus and Scion brands, and its sales reach the United States, Canada, Mexico, Brazil, Japan, China, Europe, the Middle East, Africa and India. With about 558,000 employees and its headquarters in Toyota, Aichi, Japan, the company has annual revenues of approximately $113 billion, making it the world's leading vehicle manufacturer. In 2015, for the first time, TMC sold more than half a million vehicles in the U.S., marking its 75th anniversary in the country. For more information, please visit https://www.toyota.com .
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