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Glosten Associates on Winning X‐Prize Team

On Tuesday, October 11, 2011 Team Elastec, a partnership of co‐inventors Elastec/American Marine and Glosten Associates, Inc., was awarded the $1 million first prize for winning the X‐Prize Foundation’s Wendy Schmidt Oil Cleanup Challenge with an ocean‐capable oil recovery system that shattered previous records for oil recovery rate and efficiency under controlled conditions. Glosten provided vessel engineering…