Tech 3 Yamaha will retain Colin Edwards for the 2011 season, having extended the Texan's contract into a fourth year.
Edwards joined the satellite squad from the works Yamaha squad at the start of 2008. He will be paired with Superbike convert Cal Crutchlow next year.
"I am thrilled to have reached a new agreement with Colin for the 2011 MotoGP world championship," said Tech 3 boss Herve Poncharal. "His appetite and passion for racing is stronger than ever and he has been an incredible asset for the Monster Yamaha Tech 3 Team. He is a great character but he has consistently proven that he remains one of the fastest riders in the world and I am glad that the Tech 3 story with Colin will go on for one more year.
"I believe with Colin's experience and boundless enthusiasm and Cal's hunger and desire to succeed in MotoGP that the Monster Yamaha Tech 3 Team can already look forward to 2011 with tremendous optimism."
Crutchlow's arrival continues Tech 3's recent pattern of teaming the experienced Edwards with an ex-Superbike newcomer, following his partnerships with James Toseland in '08/09 and Ben Spies this year.
"I want to say a big thanks to Yamaha and to Tech 3 for their unwavering support," said Edwards. "I am honored to continue my long and successful relationship with Yamaha, Herve Poncharal and all at Tech 3. I love the team and feel like part of a big family and I'm thrilled that our adventure together is continuing next year.
"I'm excited at the challenge of competing in the MotoGP world championship again and still being competitive in probably the strongest field in history is an achievement I'm proud of. I am also looking forward to working with and helping out Cal Crutchlow next season. I'd like to think I helped James Toseland and Ben Spies adapt when they arrived in MotoGP, and I will be doing my utmost to do the same for Cal if he needs any advice."
Edwards is still hunting for his first MotoGP win and has had a tough 2010 season, but last year the 36-year-old American was the top non-factory rider, securing an excellent fifth place in the final standings.