Space Elevator Competition Results Announced by NASA

From the reports I've read the event was a great success and everyone is looking forward to next year's competition with this years prizes being carried over.

NASA and the Spaceward Foundation announced the results of the 2005 Beam Power Challenge and Tether Challenge. Eleven teams competed in the two competitions over the weekend at NASA's Ames Research Center in Mountain View, Calif. Although no team claimed this year's prizes, historic firsts were achieved.

"What happened this weekend is akin to the Wright brothers' first powered flight," said Spaceward Foundation founder, Metzada Shelef. 'We hope these short climbs will be the first in a series of much longer climbs toward future space elevator concepts. The ingredients are there to make some great future achievements.'