"We have a wonderful balance between youth, ambition and as shown in last year's FV2 campaign, complete consistency," said Peluso."I firmly believe that next year will be a huge opportunity for the team."
Harrsion has failed to score a point this season, while Meteor currently holds only 11 points as a constructor, but hopes are high for next year after a deal new owners Friedman Group, as well as advances in wind tunnel facilities and a to be announced new engine partnership.
Peluso, a millionaire American businessman who runs the Friedman Group and also now franchises the Meteor team, said earlier this week that he expected his team to progress from their back of the grid slot in 2016.
"I certainly hope to be leaving the midfield in 2016, given all that we are doing, and I'd be disappointed if we are not - so that is a major step forward to begin with," he said.
Peluso and Meteor are yet to announce further drivers for the coming season, and no drivers are currently rumoured to be in negotiations with the team.