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  X PRIZE Awards $10 Million  
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The X PRIZE Foundation, an educational nonprofit prize organization, and Progressive Insurance, the country’s fourth largest auto insurance group, today, at the Historical Society of Washington, D.C., awarded $10 million to three teams who successfully completed the rigorous Progressive Insurance Automotive X PRIZE. The winning teams—Edison2 of Lynchburg, Virginia; X-Tracer of Winterthur, Switzerland; and Li-ion Motors Corp. of Mooresville, North Carolina—emerged from an original field of 111 competing teams, representing 136 vehicle entries from around the world. The winning vehicles were showcased to an audience of auto industry, business and government leaders. Each of the winning teams was also presented with a towering bronze trophy designed by Harry Winston, Inc. To view Multimedia News Release, go to http://multivu.prnewswire.com/mnr/xprizefoundation/46187/
Added on 17-09-2010 by MultiVuVideo

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