http://www.thyriagame.com/
Their website says they're also looking at development for PS4 and Xbox One versions, though those are planned for after the initial launch. Looks old school arcadey, though quite slow paced:
https://youtu.be/jNxBb0RulGY?t=425
Not sure I dig the very slow rate of fire, but that reminds me a bit of Armed Formation F. I'll be curious to see more on this as it develops.
Thyrian Defenders - New Shmup for IOS/Android, Steam, Switch
Re: Thyrian Defenders - New Shmup for IOS/Android, Steam, Sw
Looks better than the typical indie standard. But not by much.