26 June 2003
Announcements - Other (Good)
X-Prize Wins a Prize
Peter Diamandis, chairman of the X-Prize, also honoured
San Francisco (June 26, 2003) - The X-Prize Foundation has been selected as the winner of the World Technology Network's (WTN) Corporate World Technology Award for Space, an award recognizing the non-profit foundation's tireless efforts to spawn a new groundbreaking industry and educate the public about commercial space travel.

Over the past year the X-Prize has taken the lead in supporting and promoting a new commercial space industry in the private sector. The foundation's chairman and founder is Dr. Peter Diamandis, who also received the WTN personal World Technology Award for Space. This is the first time in the history of the World Technology Awards that a Company and its Chairman have been selected as winners in the same year.

The X-Prize Foundation is a non-profit educational organization, with headquarters in St. Louis, Missouri. Supported by private donations and the St. Louis Community, the foundation's mission is to provide incentives in the private sector to make space travel frequent and affordable for the general public. A winner of the X-Prize Competition is expected within the next 9-15 months. To find out how you can join the efforts of the X-Prize, or involved your neighborhood school or community center with X-Prize educational programs, log onto www.xprize.org or contact the office at 314-533-2002.

"We are delighted to have been selected by our peers as the Winner of the 2003 World Technology Award for Space. The fact that more than twenty teams from seven nations are now competing for the X-Prize demonstrates the power of Peter Diamandis vision for the future of space."
- Gregg Maryniak, Executive Director of the X-Prize Foundation

Winners were announced in San Francisco at the World Technology Awards gala ceremony at the conclusion of the two-day World Technology Summit. The World Technology Awards honor individuals and corporations from twenty technology-related sectors selected by their peers as being the most innovative and doing the work of the greatest likely long-term significance. Award categories range from biotechnology, space and energy to ethics, design and entertainment. Other finalists included Analytical Graphics, Inc., Astrium, SpaceDev, and Pioneer Rocketplane (an X-Prize team).

Nominees for the 2003 World Technology Awards were identified based on an intensive, global process in which current WTN members (primarily winners and finalists of previous Awards cycles) made their nominations based on who they think are most innovative and influential within their particular field.

James P. Clark, founder and Chairman of the World Technology Network, added:

"The World Technology Awards program was created to recognize truly extraordinary innovation on a global scale, the sort of work that could be described as creating our collective future and changing our world. Dr. Diamandis' contributions in the field of Space have been outstanding, and the award is just an acknowledgement of that fact."

This award was presented in association with NASDAQ, Accenture, TIME magazine, Technology Review magazine, and Science magazine. For more information on the World Technology Network, World Technology Awards and World Technology Summit, please visit their website, www.wtn.net

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26 June 2003
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