Today is the culmination of a lot of hard work from all of the competing teams in the Progressive Insurance Automotive X PRIZE. I commend them all on their efforts and automotive achievements. And while we announced the winners this morning, they’re all winners in my, and Progressive’s, mind.
During the competition we’ve seen a lot of really powerful breakthroughs; breakthroughs we hope to see enter the mainstream of automotive engineering.
That’s what this competition is all about: advancing the science behind automotive technology to create revolutionary change. These advancements redefine what’s possible and will ultimately create more consumer choices in super fuel-efficient vehicles, which we think will make people’s lives better.
Giving consumers choices that improve their lives—that’s why we got involved and why we’re so proud to be a part of this competition. In a world where many companies are working to establish a strong brand with relevance to consumers we have been delighted to associate the Progressive name with the X PRIZE.
We have a long and rich history of making things better in car insurance. And sponsoring the Progressive Insurance Automotive X PRIZE gave us the chance to make things better for consumers in a different way—in the form of spurring more choices of safe, super efficient vehicles.
On behalf of our more than 24,000 employees and 30,000 local agents, it’s been a pleasure to partner with the X PRIZE during the course of the competition and observe the advancements made by the teams along the way. We congratulate you.