Article: Progressive Insurance Automotive X PRIZE Releases Statement in Response to Senator McCains Proposed $300 Million Battery Prize

To: TECHNOLOGY EDITORS

Contact: Carrie Fox, +1-202-255-9214, Carrie.Fox@xprize.org, for the X PRIZE Foundation

SANTA MONICA, Calif., June 24 /PRNewswire-USNewswire/ -- Today, the Progressive Insurance Automotive X PRIZE, a project of the X PRIZE Foundation, released a statement in response to Presidential hopeful and presumed Republican nominee John McCainss proposed $300 million battery prize:

We commend Senator McCain for recognizing that great innovations can arise from the spirit of competition, said Don Foley, Executive Director of the Progressive Automotive X PRIZE, a competition designed to inspire a new generation of viable, super fuel efficient vehicles. But creating a new battery ...

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