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website by LOWE LLAGUNO

Developing Hydrogen-Augmented Combustion Systems
for diesel-powered vehicles

“REVOLUTION THROUGH COMPETITION”

The Orteig Prize—a $25,000 reward—was offered on May 19, 1919, by New York hotel owner Raymond Orteig. On offer for five years, it attracted no competitors. In 1924 Orteig renewed his offer for another five years. At that time the state of the needed technology had advanced to a point that numerous competitors vied for the prize. Several attempts by famous people to win the prize fell short until 1927 when a relatively unknown Charles Lindbergh made the non-stop flight from New York City to Paris in his “Spirit of St. Louis”.

The rest, as they say, is history. Today's $300 billion aviation industry is the result of the $25,000 Orteig Prize.

The Progressive Automotive X PRIZE is the latest effort from the X PRIZE Foundation. Its mission is to bring about radical breakthroughs for the benefit of humanity.

The X PRIZE Foundation's strategy for fostering innovation is the same as that of Raymond Orteig. Instead of awarding money for past achievements or directly funding research, the X PRIZE Foundation creates high profile competitions. This attracts and motivates creative solutions to the grand challenges of our time.

An X PRIZE attracts both traditional entrepreneurs and maverick thinkers to compete outside the limitations of government and corporate bureaucracy.