
Rotary engines are significantly different from the 'regular' internal combustion engines that we are used to. For one they are lighter, have no engine braking and make significantly more power with lesser moving parts. Have a look here to understand what Rotary Engines are. In fact the Mazda RX7 was one of the most successful rotary engine driven vehicles.
MCN reports : The new bike will be built in partnership with Rotron, a rotary specialist where Crighton works in R&D. After an injection of funding, the intention is to produce 100 of these featherweight powerhouses in track trim, with a road-going version to follow.

We are of course more excited about the road going version, but we're sure it's not going to be cheap!
Another challenge, which they think they can overcome, is to make them Euro 4 compliant.
The weight of the engine and subsequently the bike is reduced by the fact that a new design will allow Crighton to water-cool the inside of the crankshaft, which will bring the temperatures down considerably. And the intercooler can be chucked, reducing the weight.
Components like 7000 series Aluminum swingarm and carbon fibre are also being used to make the bike even more crazy.
Source : MCN



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