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The RB1, the Red Bull Racing team’s challenger for the 2005 FIA Formula One World Championship, will be officially unveiled in Spain next February, it has been announced.

The covers will come off the new machine on Monday February 7 at the Jerez circuit, where the team are busy testing this week in only their second session since their purchase of Jaguar in November.

The RB1 will be the result of the on-going development and evolution of the Jaguar R5, Jaguar Racing’s 2004 machine. The Milton Keynes (UK) based team, have retained their existing staff structure and despite the recent sales process are on schedule with the launch programme for the new car.

The team have not confirmed any drivers for 2005. To date they have been testing with former Jaguar racer Christian Klien and 2004 Formula 3000 champion Vitantonio Liuzzi. Swiss driver Neel Jani, like Klien and Liuzzi a member of the Red Bull driver development programme, will debut with the team on Friday.

Further details of the launch will be issued by Red Bull early in the New Year.