Gene Haas has confirmed that his new Formula One team won't join the grid until at least 2016.
The Nascar team co-owner was recently granted entry for his Haas Formula team into F1 and it was suggested that a berth as early as 2015 was possible.
However, during an interview with Forbes journalist Christian Sylt that it his team would be better prepared if their entry is postponed by a year.
"From a personal standpoint, I really would have liked to go racing in 2015. It was hard to sit there and say no. Trust me, I really wanted to go," Haas told Forbes.
"The first year is always going to be going to be tough but I think that by waiting a year we will probably only have six months of it being really tough because we will be better prepared.
"The plan is absolutely to launch in 2016 and we are fully committed to that.
"I don't think there is any doubt about that whatsoever.
"I think (by debuting in 2016) we will be a better team because we will have more time to plan and we will be able to do a lot more engineering in Kannapolis. We decided that it would be better to be 100 per cent sure we are going to make the race rather than scramble and not make the race.
While his F1 entry has been put on the back-burner, Haas will be present in Montreal for this weekend's Canadian Grand Prix.
"There's a lot of logistics that we are going to learn and this weekend we are going to be asking a lot of questions like 'How do you get that box from here to there?'" he added.