KENOSHA, Wis. — Snap-on has been named the "Tool Sponsor of Choice" for the Progressive Insurance Automotive X PRIZE, a $10 million competition to inspire a new generation of super fuel-efficient vehicles capable of achieving 100 MPG or the energy equivalent (MPGe).

"We are honored that the Progressive Insurance Automotive X PRIZE has chosen to partner with Snap-on on this exciting venture," said Ben Brenton, vice president of innovation for Snap-on Tools. "At Snap-on, we have been at the forefront of developing tools and workplace solutions for servicing and maintaining the next generation of vehicles. Being a part of the Progressive Insurance Automotive X PRIZE competition provides Snap-on with great insights that we can leverage to help drive innovation for our customers."

Fifteen vehicles representing 12 teams remain in the multi-stage automotive competition — which will kick off its Finals Stage, the third and last on-track competition stage, on July 19 at Michigan International Speedway in Brooklyn, Mich.

The competition is hosted by the X PRIZE Foundation and sponsored by Progressive Insurance. The X PRIZE Foundation is an educational nonprofit prize institute committed to creating radical breakthroughs for the benefit of humanity.  

In September, the $10 million prize purse will be awarded to teams that win the multi-stage competition centered on the evaluation and performance of super fuel efficient alternative drive train vehicles.

The competition consists of four stages: Shakedown, Knockout, Finals and Validation, during which the efficiency, safety and performance of each vehicle will be judged and scored.

Individual stage results can be viewed at www.progressiveautoxprize.org.  

For more information on the X PRIZE Foundation, visit www.xprize.org.