Set to be unveiled later this year, the concept aims to demonstrate that a two-seater sports car based on the DeltaWing architecture can deliver the same performance as "many of today’s best sports cars" even with " far less horsepower."

The DeltaWing Technology Group has announced the development of a new DeltaWing GT race car.

Set to be unveiled later this year, the concept aims to demonstrate that a two-seater sports car based on the DeltaWing architecture can deliver the same performance as "many of today’s best sports cars" even with " far less horsepower."  The company went on to say the model will have unimaginable fuel economy and efficiency figures.

In related news, the company revealed that a four-passenger road car based on the DeltaWing architecture would be able to return approximately 74 mpg highway and more than 57 mpg combined when equipped with a 1.4-liter petrol engine that develops 138 bhp (102 kW).

In a statement, DeltaWing Technology Group chairman and CEO Don Panoz said "This key milestone allows us to immediately move forward with our plans to build prototype two- and four-seat DeltaWing vehicles and begin real-world testing.”

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DeltaWing GT concept announced