Aug 2, 2007

Canadians among 30 teams signed up for the Automotive X PRIZE

Santa Monica, California – Two Canadian companies are among 30 international teams that have signed a letter of intent for the Automotive X PRIZE (AXP), a competition designed to inspire a new generation of viable, super-efficient vehicles, once the prize is officially funded and launched. More than 300 additional teams have inquired about joining and are actively considering entry.

The Canadian companies, Fuel Vapor Technologies of British Columbia and Spirit One of Alberta, will join groups from the U.S., the U.K., Germany and Switzerland when the competition gets underway.

The independent, technology-neutral AXP competition is open to teams worldwide to prove they can design, build and bring to market vehicles of 100 mpg (2.3 L/100 km) or equivalent that people will want to buy. Industry experts will scrutinize the team plans; those that qualify will race their vehicles in cross-country stages that combine speed, distance, urban driving and overall performance. The winners will be those vehicles that exceed the 100 mpg equivalent, fall under strict emissions caps, and finish in the fastest time.

The competition is expected to travel through multiple cities, broadcast to a global audience, in 2009 and 2010. Cities involved in the competition route have not yet been chosen.

AXP has recently finalizing a supporting sponsorship from Abode, and has received the support and encouragement of several government agencies, including the U.S. Department of Energy, NHTSA, the Federal Highway Administration and the California Air Resources Board, as well as support from non-governmental agencies such as the Union of Concerned Scientists and Greenpeace.

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