Monday, February 2, 2009

It's Official

Lightning Hybrids is an official contender in the Progressive Automotive X PRIZE!

In March of this year, the X PRIZE Foundation and Progressive Insurance jointly announced the $10 million dollar Progressive Insurance Automotive X PRIZE. This competition invites teams from around the world to focus on a single goal: design viable, clean and super-efficient cars that people want to buy.

And Lightning Hybrids is going to be one of those teams.

We are excited to participate in this competition with our revolutionary automotive technologies. If you are reading our blog you already know that we have developed a unique and patent-pending biodiesel-hydraulic hybrid vehicle which emphasizes thermodynamic and hydraulic system efficiencies, lightweight mechanical and composite structures, and sports car styling. We know these vehicles can win this competition and look good doing it.
The X PRIZE race will take place in the late summer of 2010 - a little over a year from now and we have an aggressive plan to win. This is a great opportunity for us to be part of an international event, with significant public exposure and promotion to potential partners, sponsors, investors, manufacturers, distributors and customers.

The competition has tough entrance requirements, stringent judging criteria, and race courses that test and reward manufacturability, marketability, safety, durability and performance. Our vehicles are designed to excel in every one of those areas.

Check back often to learn of our progress towards winning the Progressive Automotive X Prize.

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