oday Ubisoft announced that it has signed an agreement with Free Radical Design, developer of the TimeSplitters series, to develop an action game based on new IP for release in fiscal year 2006-2007.

The yet to be titled game will be developed for next-generation consoles and the PC. Targeting mature gamers, it will feature difficult strategic choices and moral dilemmas, tapping into both their rational and emotional instincts.

"Ubisoft is looking forward to working closely with Free Radical, renowned for creating beautiful and engaging gameplay in epics such as the TimeSplitters series," said Virginie Gretz, director of third-party development for EMEA at Ubisoft. "With this game, we plan to take players to a new level of intensity and create an environment at once terrifying, enthralling and impossible to resist."

"We are delighted to benefit from Ubisoft's collaboration on this title and benefit from its strong experience developing and marketing powerful, innovative action titles," stated Steve Ellis, managing director of Free Radical Design.