Mike Gascoyne has conceded that while the new Lotus outfit will be in at the 'deep end' come the season opening Bahrain Grand Prix, he is still confident the Norfolk-based squad will do a 'professional job'.

Lotus unveiled the T127 to the public during a launch in London on Friday and with limited time to build the car - the outfit only got its entry five months ago - Gascoyne added it was definitely a proud moment.

"Relieved I think is the right word," he told Crash.net when asked how he felt to see it all come together. "Relieved that we hit all the dates and the timeline we had. We got the entry late and it was a huge task ahead of us but the whole team has done a great job to get it here.

"We need to get to the first test now and see how it goes but we are very relieved to get here on time. We've done a good job and I'm very pleased with the design of the car. It is a very current F1 car and everyone was surprised at how well it went together - which is a good sign.

"We aren't expecting anything great and we know we are starting from the back but I think we will do a very professional job."

With only two F1 group tests left now - one in Jerez this week from February 17-20 and one in Barcelona from February 25-28 - time is running out prior to round one in Bahrain.

However, Gascoyne insisted he is not worried and that he has faith in their two experienced and racing-winning drivers, namely Jarno Trulli and Heikki Kovalainen.

"It was always the case [that we would launch later than most teams] so it doesn't make it difficult, you just have to get on with it," he continued. "Bahrain is one of the hardest circuits for brakes and fuel consumption through the whole season and it will be very hot, so it is a case of in at the deep end - but bring it on!

"For me, it isn't where we are in Bahrain but where we are in Barcelona and Silverstone and Abu Dhabi that matters.

"We want to be racing some of the established teams and be in with a chance of scoring points [by the end of the year]. It's a big challenge, but I like a challenge."

As for F1 in general, Gascoyne reckons F1 2010 could be a vintage year, especially with record-breaking multiple F1 world champion, Michael Schumacher returning to the fold to take on the likes of Lewis Hamilton, Jenson Button, Fernando Alonso, Felipe Massa, Sebastian Vettel and Mark Webber.

"I think it will be interesting with Michael coming back and Jenson and Lewis together at McLaren. With Fernando at Ferrari and Felipe making a return, I think it will be a fantastic season," he summed-up.