Media Alert: X PRIZE Foundation to Present Energy and Environment Thought Leaders at MIT

Market Wire, August, 2008

What:   The X PRIZE Foundation, an educational non-profit that designs
        and administers competitions with prizes of $10 million or more,
        and the Massachusetts Institute of Technology (MIT) are jointly
        sponsoring a forum titled, "Seeking Radical Breakthroughs in
        Alternative Energy - What I Would Advise the Next President."
        Leading thinkers in the alternative energy sector will speak to a
        group of MIT faculty, promising students, industry experts, and
        members of the media on Wednesday, Sept. 10 on the MIT campus.
        Video of the event will be packaged and distributed to both
        presidential campaigns and will be available on the X PRIZE
        YouTube channel ( www.youtube.com/xprize ). The X PRIZE Foundation
        will also announce a new partner in the energy and environment
        sector.

Who:    Futurist Dr. Ray Kurzweil, biologist Dr. George Church, inventor
        Dr. Saul Griffith, X PRIZE Foundation Chairman and CEO Dr. Peter
        Diamandis, representatives from the X PRIZE Foundation's newest
        partner, and other special guests.

When:   Wednesday, September 10, 2008
        4:30 pm - 6:30 pm EDT

Where:  Massachusetts Institute of Technology - Building 34 - Room 101
        77 Massachusetts Avenue
        Cambridge, MA 02139

RSVP:   Please RSVP by September 9. Additional details will be sent upon
        RSVP.

        Please RSVP to: Becky Lewis, Communications Specialist, X PRIZE
                        Foundation
                         prcontact@xprize.org , 310.582.5948

Media Contact:  Becky Lewis, X PRIZE Foundation
                310.582.5948,  prcontact@xprize.org 

ABOUT THE X PRIZE FOUNDATION

The X PRIZE Foundation is an educational nonprofit prize institute whose mission is to create radical breakthroughs for the benefit of humanity. In 2004, the Foundation captured the world's attention when the Burt Rutan-led team, backed by Microsoft co-founder Paul Allen, built and flew the world's first private spaceship to win the $10 million Ansari X PRIZE for suborbital spaceflight. The Foundation has since launched the $10 million Archon X PRIZE for Genomics, the $30 million Google Lunar X PRIZE, and the $10 million Progressive Insurance Automotive X PRIZE. The Foundation and its revolution partner BT Global Services are creating prizes in Exploration (Space and Oceans), Life Sciences, Energy & Environment, Education and Global Development. The Foundation is widely recognized as the leading model for fostering innovation through competition. For more information, please visit www.xprize.org .

Media Contact: Becky Lewis X PRIZE Foundation 310.582.5948 prcontact@xprize.org