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Jet Shark
© Gryf design

When 300km/hour is not enough, there are some ideas to create jet-powered aircraft using Shark design, so You could fly 400-500 km/hour according to used engine.

Price-induction jet looks nice for that purposes :
At Take Off Power, you can get up to 255daN, consuming 80kg/h of fuel for the DGEN 380 and 330daN with 100kg/h fuel consumption for the DGEN 390.

www.price-induction.com

of course - this kind of aircraft cannot be called Ultralight, although its empty weight could be very similar

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information about Shark first prototype max speeds

20th December 2009, Shark prototype OK - OUR 01 reached with propeller Woodcomp 3000 2W :

first flight: 275/312 GPS = average 293,5
second flight: 280/312 = 296
thirdt flight: 275/314 = 294,5
average : 293,5/296/294,5 = 294,7 km/hour

( Shark.aero sro information from test flights in Senica airport )