The new Midland Formula One team have set their sights on challenging BMW and Red Bull Racing this season.
The team launched their new M16 car at Silverstone on Friday morning and, despite their struggles after the takeover of Jordan in 2005, they are confident of a major step forward this season.
Technical director James Key said: "We are ambitious and optimistic, but also realistic.
"We are looking at the teams who were ahead of us last year, so that means Red Bull Racing and Sauber (BMW). Realistically I think we can do it, but whether that is at the beginning of the season or the end I don't know. But that is what we are aiming for."
The M16 is an all-new car and Key claims that the major gains over last year's EJ15 are in aerodynamics - although other improvements have been brought in.
"The car is very original," added Key. "We have not been able to design a new car for a few years so we have had ideas stacked up for the last 18 months."
Team principal and managing director Colin Kolles said the team's ambitions were to score regular points this season.
"Last year when I made my first FIA press conference I said that I hoped our car was reliable and that with a bit of luck were could get some points," said Kolles. "This year I hope the car is reliable and we don't need luck for points.
"I hope we can score regularly."