Efficient Drivetrains, Inc. (EDI) and Ford Motor Co. entered into a license agreement for hybrid vehicle patents effective 13 August 2015. The license includes 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.
The terms of the license to Ford are confidential, but it includes an amicable resolution of all disputes related to the Frank/UC Portfolio.
EDI previously entered into an agreement regarding the portfolio with Toyota Motor Corp., finalizing that arrangement before entering into negotiations with Ford.
EDI is represented by Matthew Woods, and Peter Surdo of Robins Kaplan L.L.P.