ROL NEWS--X PRIZE Foundation Examines Potential Human Orbital Vehicle Prize for NASA

X PRIZE Foundation Examines Potential Human Orbital Vehicle Prize for
NASA
December 9, 2005
Web posted at: 12:47 PM EST

(ROL Newswire) -- The X PRIZE Foundation has completed a study
examining the benefits and disadvantages for a Human Orbital Vehicle
(HOV) challenge.

The primary goals of the study were to gauge the interest and
effectiveness of different prize amounts, identify key relationships
between an HOV challenge and other NASA programs and make
recommendations for potential prize rules and requirements.

Key members of the X PRIZE Foundation spent months conducting surveys
with potential competitors, financiers and other industry experts. The
results of these interviews were combined with the findings of
previously completed studies and internal foundation expertise to create
the final conclusions.

This study represents the commencement of a very serious foray into a
major prize initiative for NASA. Presently, NASA's Centennial Challenges
program is limited by the fact that individual prizes cannot exceed
$250,000. That may change soon: the NASA Authorization Act of 2005,
currently moving through Congress, will allow NASA to award much larger
prizes. Both the House and Senate versions of the bill that is scheduled
for conference in mid-December include provisions that would allow NASA
to offer prizes worth millions of dollars or more.

The full presentation available at
www.xprizefoundation.com/news/HOVES-summary.pdf. For more information
visit www.xprize.org.

Source: X PRIZE Foundation
.

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