N.Technology has withdrawn its application to enter Formula 1 in 2010.
The Italian squad was one of several teams which were on the reserve list after not being included on the original one released last week by the FIA. However, AUTOSPORT reports the team has decided to inform Formula 1's ruling body that it has withdrawn its application because the circumstances have changed since it applied and it no longer wants to be involved in a sport without the major manufacturers.
The move comes after the Formula One Teams' Association announced plans for a breakaway championship after failing to reach a compromise deal with the FIA.
N.Technology follows Lola in withdrawing its application this week.