Skydieving studio confirms PS4 and Oculus Rift projects in development

Skydieving developer nDreams announced two new projects in development for PlayStation 4 and Oculus Rift, company CEO Patrick O'Luanaigh confirmed in a recent investor letter.

Both titles are slated to arrive later this year, O'Luanaigh wrote.

"I'm delighted to be able to officially announce that we are working on a PlayStation 4 title, which will launch in 2014," reads the investor letter. "More details will follow next year, but it's the most ambitious game we have ever created, and we can't wait to reveal more about it — it's going to be something truly special.

"We're also working on a game for the awesome Oculus Rift. VR is an area of technology that we believe will finally come of age in 2014, and you'll see us investing a great deal of time and money into it."

Skydieving is the company's most recent Oculus release, which first hit in 2013. The studio is yet to offer further details on its upcoming projects.