Slated for introduction at the 2014 Miami International Boat in February, an all-new Outerlimits SL 40 is being designed to reach 120 mph on twin staggered Mercury Racing 700SCi engines. That’s the word from Mike Fiore, the owner and founder of the Bristol, R.I. custom V-bottom and catamaran company, which celebrates its 20th anniversary in July.

“We are taking all that we learned from the SV29—all of the research and development—and applying it to the design of the 40,” said Fiore during a telephone interview this afternoon. “The 40 will be an evolution of the SV29, but just like the 29 it will be a three-piece, carbon fiber and epoxy boat with monocoque construction and our proprietary hull-and-deck bonding system.”

Said Fiore (shown drivng the SV29): “It’ going to be an all-new model. We’re gluttons for punishment that way.”

Fiore, who was in San Francisco today for the christening party of the Team Oracle America’s Cup sailing boat—Fiore worked extensively on one of the team’s 42-foot support RIBs—said he wants the majority of SL 40s to be built with 700SCi engines.

“The boat will be targeted to be built with Mercury Racing 700 power,” he said. “We’re looking to create a turnkey, 120-mph boat with a one-year warranty.”