UPDATED September 4, 2006 Here's one out of left field. Only a week ago we reported on the coming Formula Zero series for fuel cell go karts. Now comes the breaking news from Italy that N.Technology S.p.a. and Tatuus s.r.l. have signed a deal to produce a new single-seater Formula car. Tatuus, which builds Formula Renault cars, will take care of bulding N.Technology’s concept and will also provide technical assistance and spare parts service to the teams involved in the new series.

The new single-seater car will have a 2-litre, 4-cylinder, 250-bhp engine, gearbox and clutch controls on the steering wheel and has been conceived to be fitted with an hybrid engine system. N.Technology's Andrea Fiorani reports that the first season for the formula will be the 2007 season. Formula N.T07 cars will compete in a new international series within the European rounds of the FIA World Touring Car Championship. Eurosport will be responsible for the TV production and broadcasting of the events of the international series. That's the first sketch of the Formula N.T07 car which predictably looks a lot like a Formula Renault - more news when it comes to hand, but we must say we're excited at the prospects of creating an environment where creative and higly competitive engineers develop hybrid technology.