NG Dev Team have just announced their next Neo Geo release: a horizontal shoot 'em up called Razion which seems to be inspired by games like R-Type and Pulstar. Razion features six stages, novice and normal gameplay modes and the scoring system involves 'growing gold cubes' and using the beam.
The MVS version is due to be released in Autumn 2014 with an AES release to follow later. Pre-ordering for the MVS version has already opened.
Always exciting to hear about a new game being released for the Neo Geo!

Trailer -->
Official Website -->
Pre-order MVS Version -->
Razion Discussion Thread -->