Gino Rea has spoken of his delight at securing a full-time return to the Moto2 World Championship in 2014.

After a debut season at Gresini, including a wet podium at Sepang, the Englishman's 2013 plans were thrown into turmoil by the collapse of the planned ESGP project.

Rea refused to give up on his grand prix dream and with support from family, friends and fans - plus backing from chassis manufacturer FTR - put together his own team for a series of 2013 wild-card appearances. Rea was later called up as a stand-in rider for the Argi?ano & Gines (Speed Up) team, scoring points in two events.

The provisional 2014 entry list revealed that both Rea and FTR were set for a full-time Moto2 return and the formation of 'AGT REA Racing' has now been officially confirmed.

Dave Peterson, president and CEO of Texas-based World Motors Inc., has joined forces with Rea Racing and new team director Martin R de Rooy to create World Motors Rea Racing LLC. AGT (American Green Technology) has signed on as title sponsor of what will be the only American-based Moto2 team.

"I couldn't be any happier right now!" said Rea. "2013 was a difficult year for me and I'm over the moon that my hard work has brought me this amazing opportunity.

"Joining forces with Dave Peterson of World Motors Inc. and Martin R. de Rooy with the support of AGT, to race in the full Moto2 Championship as a permanent team is just incredible.

"I am so grateful and I can't wait to get started. It's a very exciting time for us. We have worked extremely hard to make this happen and I believe we have the potential to do great things in 2014.

"This year we progressed a lot throughout the season and at the last race of the year as a privateer team, I showed what is capable by qualifying just 0.5 tenths from second position. I can't wait to go testing and work logically and methodically with the bike, it's something we never got to do this year."

Peterson added: "I am just recovering from the initial terror and trepidation of forming an international racing team. After years of dreaming about this, it's wonderful to see it become a reality. I've always had such a great passion for MotoGP. With Gino's considerable talent and AGT's quest for world markets, the decision to form a world class Moto2 Grand Prix team was easy and finally a realisation of my dreams."