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"The new name is a sign the team's ambitions birth of our F1 team and will jump to debut in Bahrain on March 14," said Team Principal Colin Kolles through a statement.
The team, based in Spain that did not do their training before the race, so that their future in doubt, especially before the coming of their funding support, a Spanish businessman Jose Ramon Carabante who took over the team last month.
Hispania said they would launch a team in Murcia, Thursday.
Campos will be supported pebalap Brazil, Bruno Senna, nephew of three-times champion Ayrton Senna, who was contracted as one of their racer.
Kolles said last week it was nearing agreement with India's Karun Chandhok racer, as other racer their team.