From formula1.com:

Lotus have confirmed on Tuesday that Red Bull Technology will supply the team with gearboxes and hydraulic systems from 2011.

“The announcement is obviously a massive step forward for us, both in engineering terms, and as an expression of our ambitions for next year and for future championships,” said Mike Gascoyne, Lotus’s chief technical officer. “The gearbox / hydraulics package obviously plays a critical role in the performance of the car, not just on track but in design and packaging terms.

"This deal gives our design and aero teams a very exciting platform to work with. The removal of the double diffusers in 2011 will allow the whole grid to tighten up the rear bodywork and mechanical structures around the gearbox, and this supply deal will allow us to capitalise on that with our 2011 car. Exciting times lie ahead!”

Red Bull team principal, Christian Horner, added: “We are very pleased. The fact that Red Bull Technology has been chosen to be a supplier to another team despite its short history demonstrates how much we have achieved since our first season. We very much look forward to working with Lotus Racing from 2011 onwards.”

Last week it was confirmed that Lotus had agreed to terminate their contract with current engine supplier Cosworth. They are expected to use Renault power in 2011.

“Din (Kamarudin Meranun), Nasa (SM Nasarudin), the whole team and I are absolutely delighted,” said Lotus team principal Tony Fernandes. “It is a real statement of our intention to challenge for Formula One honours as soon as we can that we have reached this agreement and we are very excited about integrating the package into our 2011 car. I think people in and out of the sport are going to be following our progress even more closely now we have taken this incredibly important and ambitious step, and it makes next year even more exciting. The Lotus Racing dream grows bigger every day!”

Although they are yet to score any points, Lotus are currently the leading new team and are tenth in the constructors’ standings, ahead of Virgin and HRT.