HP2g * HISTORY * Drove to Vegas trip X prize comment

Hp2g Dirven from Napoleon Ohio to Las Vegas for SEMA 2008. Where we won first place in the "Making Green Cool Zone"

" History " because HP2g was a Progressive Auto X Prize Contender

" Horse Power Sales Officially withdraws 110 mpg HP2g from Progressive Automotive X PRIZE Competition "

Napoleon, OH: June 4, 2009 ---- Horse Power Sales.net, Inc. has officially withdrawn their team and their 1987 Mustang, powered by the revolutionary, 110MPG, V-8, HP2g engine, from the upcoming Progressive Automotive X PRIZE Competition, effective June 4, 2009.

Horse Powers Team HP2g was initially accepted as an official letter of intent contender for the X PRIZE in 2008 but no longer feels it is in the companys best interests to compete in or be associated with the Progressive Automotive X PRIZE competition.

The reasons for the official withdrawal are: (1) after Team HP2g had been accepted as a letter of intent contender, X PRIZE reduced the prize amount for the Mainstream class of the competition from $7.5 million to $5 million; (2) in our opinion, a problematic conflict of interest occurred when X PRIZE allowed one of the accepted letter of intent contenders to be a part of the competition rule setting and ultimate team evaluation processes; and (3) the changing by X PRIZE of the race date from the summer of 2009 to the summer of 2010 resulted in the race no longer fitting into the business plan and business time line for our company which is moving forward with manufacturing and marketing of the HP2g for 2010 production vehicles.

In making this announcement, Horse Power Sales.net, Inc. President and CEO, Douglas Pelmear, stated: We have always felt that the real reason for the X PRIZE competition was to help the world. By moving forward with our production plans, we will be doing just that.

Category:

Autos & Vehicles

Tags:

• 110mpg
• Mustang
• X-prize
• HP2g
• Pelmear
• Horsepower
• economy
• mileage
• future
• car
• engine

[HydrogenMechanic]

Mr.Palmer is anything but .......