The new bike was uncovered by the duo in a London nightclub near the offices of new title sponsor CWM World, a business services and trading provider.
Speaking at the launch, Crutchlow reaffirmed his decision to sign with the team for 2015:
"I made the decision to move to the CWM LCR Honda Team when I sat down with Lucio and Anthony and I saw the passion that everybody involved had.
"I knew I wanted to get back to the ways of challenging for the podium on a regular basis, fighting to be the best satellite rider and then beating the factory guys as and when we can. So the passion and drive from the two companies of CWM and LCR will hopefully bring me back to the front.
"I had a good end to 2014, and I am confident that form will continue into 2015," he added.
Miller added: "It's been great since I came into the CWM LCR Honda Team, from the very first test in Valencia and then through the winter period we have been working closely together and it's all been so positive, we seem to be hitting it off pretty well so far anyway!
"The Honda is an animal, that's for sure, but I'm enjoying it more every time I ride it; anyone who watched me in Moto3 will know I love to throw a wheelie, and I love them even more with this bike! I just can't wait for the season to get started."
Mr Anthony Constantinou, CEO of CWM World, commented: "Our partnership with LCR Honda has gone from strength to strength and we are delighted to enter the 2015 season as Title Sponsors of the new, bigger and stronger CWM LCR Honda team.
"With two new machines, two new awesome riders, and the continued dedication of the team headed up by Lucio Cecchinello, we believe this will be a very exciting season and we can't wait for it to get underway."
Team principal Lucio Cecchinello concluded: "This is a special moment in my career; to be working side by side with Honda HRC, working with Cal who is a competitive rider and a proven front-runner, and working with Jack who is clearly very talented and represents the future. We have the support of an important company in CWM FX, alongside many of our long-term sponsors, and combined this makes a fantastic challenge for me.
"This is the beginning of a new chapter for the team and I will do my best to reward all the people involved in this project with results," he added.