Team New Zealand are firmly in chase mode in the development race for the next America's Cup, but skipper Glenn Ashby believes they will fast make up ground on their rivals.
The Kiwi syndicate this morning launched the first of their America's Cup test boats from their new base in Silo Park on the Auckland Waterfront, kicking off their summer sailing programme.
It marks the first time Emirates Team New Zealand have sailed in Auckland since before they shipped out San Francisco in March 2013 for the 34th America's Cup and an important step in their build-up for the next event in Bermuda 2017.
The modified AC45 catamaran launched today is not the same boat that will be sailed in Bermuda, but the innovations trialled on this boat, and a second AC45 currently under construction, will form the basis of the final design.
Team NZ's key rivals for the 2017 regatta are already well advanced in their testing and development programme. America's Cup holders Oracle Team USA are preparing to launch their third AC45 and, with no limit on the number of test boats, are expected to build as many as five.