"This is an historic time for us as we embark upon the latest phase of the team's development in MotoGP and one which we are very excited about,” said Bird. “We have raced as wild-cards in GPs on many occasions in the past but to be part of the MotoGP elite is very special for us.
“This year is all about learning for us and James has done a great job with the team so far, but we know we have a very long way to go yet. The idea is to become more competitive as the season progresses and to challenge the front-running CRT bikes."
Ellison, who claimed a best MotoGP finish of ninth on the Dunlop-shod Tech 3 M1, will open a new chapter for PBM when he takes to the Losail Circuit during opening practice on Thursday evening.