German sailboat builder Michael Schmidt Yachtbau formed a partnership with Bill Tripp, of Tripp Design Naval Architecture, to design a 70-foot sailing yacht that is part of a series of semicustom carbon boats.

The boat is scheduled for a 2018 launch.

“We are happy to work with Bill, as he has an unsurpassed reputation in the field of fast cruising sailing boats,” Michael Schmidt Yachtbau managing director Johannes Malzahn said in a statement. “We look forward to exciting times for both companies.”

Tripp started his company in 1984. It has offices in Connecticut and Amsterdam and has designed a variety of sailboats ranging from raceboats to superyachts.

Information about the new boat is expected to be released in September at the Cannes Yachting Festival.