Yamaha Motor Co. Ltd is delighted to announce that it has reached an agreement with Jorge Lorenzo whereby the Spaniard will remain with the factory for the next two years.

23-year-old Lorenzo, who joined Yamaha in 2008, has won an impressive seven races so far this season and is on target to take his first premier-class crown. He currently leads the standings by 56 points with five rounds remaining.

Managing Director of Yamaha Motor Racing Lin Jarvis said, "we are extremely happy that we have reached an agreement with Jorge to remain a Factory Yamaha rider for 2011 and 2012. Since he joined three years ago he has made great progress and has improved himself every year to go from fourth place and ‘best rookie' in 2008, to second place in 2009, to challenging for the MotoGP championship title in 2010. I am particularly pleased to finally get the agreement in place here in Japan because it will now enable Jorge to focus all of his efforts and concentration in the coming weeks to try to secure his first MotoGP class rider's title. Being only 23 years old I believe Jorge has a long career ahead of him and hopefully he can win many world titles with Yamaha.