Developer Housemarque Games is well known for arcade shooters hit such as Resogun, Dead Nation, and Super Stardust.
Earlier this week, they've unveiled their next project Stormdivers with a tease trailer. The trailer doesn't show give much indication on what the gameplay will be, but we know this will be the second game Housemarque makes using the Unreal Engine, the first being Matterfall, which launched last summer.
Last year, Housemarque said they would stop making traditional arcade shooters, citing that "our games just haven’t sold in significant numbers," despite how good the games always seem to be. It will be interesting to see what this new game turns out to be.