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Jet Shark
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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Gryfair.cz GRYF magazine News Finishing of certification flights with 100HP Rotax engine
Finishing of certification flights with 100HP Rotax engine Print E-mail
Written by GRYF Aircraft   
Thursday, 15 June 2006 00:00
Today certification flights with 100HP engine Rotax 912S was succesfully finished by LAA test pilot Radek Škvařil - including milestone of that program - test of VDF speed, done for possible flutter recognizing. By words of test pilot, aircraft was in speed 280 km/hour (300 indicated) "like concrete one" and 100HP gave to that aircraft exclusive climbing characteristics.