Radar Group, the production company behind the game, has released the following statement:
The follow up to 2006’s action game of the year, reprise your role as Tommy, the Cherokee warrior who saved Earth from alien invasion in Prey. This time, abandoned and framed for the disappearance of his family, Tommy escapes an Earth that no longer wants him for a future that cannot survive without him. Building on the mind-bending portal and gravity-defying gameplay of the original with several innovative new twists, Prey 2 promises once again to take players into a compelling science-fiction world with breathtaking visuals and adrenaline pumping action.
This is the first piece of concept art from the game.

That’s all the details we have for now and there’s no word on the release date or the ‘innovative features’ we can look forward to. Now that the cat is officially out the bag, we expect to hear more very soon.