| X PRIZE Update |
Registration for the Progressive Automotive X-PRIZE is officially closed with 111 teams from 11 countries vying for the prize money. Our X-Prize car is now 40% complete (this is prototype #4). The custom electric motors and controllers have arrived from California and Germany and we are closing in on testing the drive system on our dyno. Very exciting.
We have now had a chance to study all of the teams in the X PRIZE competition and (although there may be someone hiding in the woods) things look very promising. Poplular Mechanics Magazine ranked us in the top 10 back when we were FuelVapor Technologies and 92 mpg. This is going to be a tremendous race and will give FVT a platform to show the world that fuel efficient vehicles are achievable today. To view the complete list of competitors click here. |
| Investor Open House and 30% tax credits |
If you live in the BC area FVT is having a shareholder and investor BBQ this Sunday, July 19th from 1:00-6:00. Please RSVP Mike if you would like to join us. Our shop in Maple Ridge is only open once every year or two so it is a great opportunity to talk to the FVT board and get a glimpse of what goes on in our mad workshop.
If you are a BC resident, FVT is now part of a BC government program that allows investors to recieve a 30% tax credit on any investment over $10,000. This is a great way to invest in a high tech start up and get a 30% return in the first year. For further information contact Todd Pratt.
Shares for FVT Research are currently 10 cents each with 600,000 of the 2 million shares already being sold. If you or someone you know is interested in learning more, contact Todd at investment@futurevehicletechnologies.com . |
After 3 years of research FVT broke through 100mpg in February 2009. The eVaro averaged 165 mpge for highway driving and 275 mpge for city driving. The results are now verified by the University of the Fraser Valley and can be viewed 
