This picture is lifted from the Zenith Facebook page.
From what I can see, it's a carbon fibre case (should cost a bomb)
But lets take a look at the other stuff.
The case is unlike the shape of any other in the current collection.
Does it look like a cavity on the lugs? Could just be the picture angle.
The chrono pushers look new too.
What I can make out from the dial is that the hands and markers look to be the same found on the Stratos Flyback.
Watch does not have a rotatable bezel.
Could it be a new sports offering smaller than the current Stratos at 45.5mm?
I would very much hope so.
But honestly speaking, I am not a fan of carbon fibre cases.
They may look all uber modern, but they cost an arm and a leg...
So I might wait for the full reveal and if I happen to like the design, wait for a stainless steel offering if is in the pipeline.