It more accurately could be described as a sliding seat canoe on steroids. The article does reference catamarans and makes the case that this is better because it eiminates the hydro and aero dynamic drags of the other hull. They missed a couple of obvious speed enhancing features - a canting rig and a wing. I think it is interesting how they conveniently left out how they were only copying existing catamaran hull design after gushing about all the go fast features of the hull. However, if it needs to be represented as their original ideas to get the funds to build and sail this thing then that is fine. I am eager to see the results.

so what happens when they get the chunk of lead stuck to one side do they stay on that tack and go in circles or ,or, or,

isn't that essentially a catamaran? call it an ama if you like but it sure does sound like a cat to me(odd looking cat).