PBM owner Paul Bird has revealed that 'a very exciting announcement' regarding the team's 2014 MotoGP plans could be made at this weekend's Valencia season finale.

Bird recently met with senior personnel from an unnamed 'major manufacturer' and is planning further negotiations in Spain.

"When we entered MotoGP, we didn't underestimate the challenge and we are fully aware of what it takes to compete in this series so we are now ready to step up a level," said Bird.

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"Valencia is still a very important race for us as we are finalising plans for next season and we are hoping to make a very exciting announcement regarding our participation in MotoGP next season shortly."

PBM doubled in size from one to two riders for its second MotoGP season, continuing with an Aprilia ART but also entering its own Aprilia-powered machine.

Yonny Hernandez began the year alongside rookie Michael Laverty, but left after Misano to replace Ben Spies at Pramac Ducati. Damian Cudlin was then called up to ride the PBM bike, with Laverty switching to the ART.

PBM has scored a total of ten points this year, more than only the single Cardion AB entry.

"We've had a disappointing season and our luck in recent rounds has certainly compounded that so I'm hoping we can turn things around for the final race of the season," said Bird.

With the two other existing Aprilia teams, Aspar and Cardion, switching to the Honda Production Racer, PBM is the only outfit that can offer continuity to the Italian manufacturer next year.

PBM are also the only team with experience of using the control ECU system, compulsory from next season, on an RSV4 engine. Aprilia, rocked by the recent defection of Gigi Dall'Igna to Ducati, announced on Tuesday that it will return to MotoGP as a factory entry in 2016.

As well as machinery, PBM is yet to announce its 2014 riders.