KTM, purveyor of the rather wonderful X-Bow, has announced that it is to partner with Reiter Engineering in the building and construction of a brand new racing car.

Good News indeed, though we can only illustrate such news with the image posted above. Because it's only a render at this stage, details are a little scant.

KTM tells us the new racecar will be a "completely new X-Bow for use in motorsport," to be championed for international customers across Europe, the USA and Asia.

The Austrian company will partner with Reiter Engineering - responsible don't forget, for the Gallardo GT3, Murcielago GT1 and the Camaro GT3 racers - to build a "revolutionary new vehicle concept into international customer motorsport".

In fact, we're told it was Hans Reiter's idea for a new type of racing X-Bow. His company will handle the actual construction, logistics, sales and supply of spare parts for the new racer.

"This is an opportunity I did not want to miss," explains Hans, "and I presented my ideas to KTM. I'm convinced the new model will attract a lot of interest and will be very successful internationally."

KTM is equally punchy about the new car. "We have established a highly successful one-make series competition for our customers who are also motorsport enthusiasts. There is a demand among them for a racing car that can compete in international races.

"We are hundred per cent convinced that the result will be a real 'ready to race' product in the best KTM tradition," the spokesman added.

The pair have previous form, too: Christopher Haase won the European GT4 championship in 2008 driving a GT4 KTM X-Bow engineered by Reiter. We'll bring you more info as we get it.