Prema Powerteam will withdraw from Formula Renault 3.5 next year. Its entry slot and equipment has been taken by Fortec Motosport
Prema finished last in the teams' classification this year and will focus on the F3 Euro Series and Italian F3 in 2010.
"The European junior open-wheel racing scene is changing these days and Prema is called to refocus and optimise its resources for the future," said Prema team manager Rene Rosin.
"For this reason, we're ending operations in Formula Renault 3.5 and concentrating on the F3 championships that we've been involved in over the last 20 years. Our stint in the World Series has been great and we leave with several trophies won and some valuable memories."
British team Fortec ran cars under the Mofaz Fortec banner this year, after a pre-season buy-out of its Formula Renault 3.5 arm by Malaysian driver Fairuz Fauzy.
Mofaz has recently sought to increase its independence by moving into the former Ultmate Motorsport premises and renaming the team Mofaz Racing prior to the final round at Motorland Aragon.
Fortec's Jamie Dye, who returned to the team this season following a stint at Red Bull's Formula 1 operation, has been promoted to team manager.
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