The car's 4.3-litre V8 powers it to 62mph in 3.3sec and on to 124mph in 9.7sec, with a top speed of between 170mph and 205mph. Weight is kept down thanks to carbonfibre bodywork, while the weight split is 44% front, 56% rear.
It was commisioned by billionaire German entrepreneur Michael Stoschek, chairman of car parts supplier Brose and a rallying enthusiast. The design was penned by Pininfarina, whereas the original Stratos was the work of Bertone.
We drove the New Stratos at its unveiling in 2010 - read what we thought here
The mid-engined design features the wedge profile, semicircular windscreen, side tanks, removable front and rear servicing hoods and engine-access hatch of the original.
The original concept was based on a cut-down aluminium spaceframe structure from a Ferrari 430 Scuderia and used that car's drivetrain. However, in 2011, Ferrari blocked Pininfarina and "any other Ferrari-dependent suppliers" from putting the New Stratos into production, prompting the car's designers to look elsewhere for a base.
MAT says that it has obtained from Stoschek "permission to replicate the New Stratos using the same design and technologies of his car".
The new car has similar dimensions to 3710mm-long original Stratos, with a similarly short wheelbase, and is claimed to have a "lightweight design"; the concept had a kerbweight of 1274kg.
The only detail revealed about the mechanicals thus far is that the engine produces 542bhp, while pictures show the steering wheel-mounted shift paddles of an automatic gearbox. The concept's Ferrari-sourced 4.3-litre V8 produced 532bhp.
The New Stratos's stripped-back interior mirrors many features of the original's, including an integrated roll cage and door compartments for driver and passenger helmets.