Lincvolt withdraws from X-Prize |
From Lincvolt
Gazzette (7/6/09):
"We have withdrawn Lincvolt from the X-Prize because of the conflict between providing the energy and resources required to develop a viable business plan for the Lincvolt technology, a requirement for X-Prize contestants, versus providing the resources and time required to focus on our main goal.
The development of Lincvolt technology is ongoing. We have always been in a race against Time, not a race against other contestants to win a cash prize.
The Goodwin Young team thanks the X-Prize for the valuable support they provided during the last year. Good luck to all of the contestants!"
