Crytek has said the developer is "pushing the boundaries" of future platforms with their CryEngine tech being "way beyond next-gen consoles already".
CEO Cevat Yerli said two development teams are currently working on their engine, one of which is updating CryEngine 3 and the other creating the successor to the aforementioned engine.
"We've been touting CryEngine as a next-gen technology for about two years now. Since 2010 CryEngine has been next-gen ready. You look at today's next-gen offerings with supposedly next-gen graphics... That's exactly what we were talking about two years ago. People have by now caught up but we haven't been sitting around - we've been pushing the boundaries as well. A lot of these features will be visible in the next iteration for the engine.
"We were one of the first studios in the world to get access to all of the next-generation consoles. Obviously we can't talk about what they are but we know what next-gen entails. I think people... I'm not going to judge it because it'll get me in trouble, but next-gen is actually not a clear picture right now."
Software wise, Crytek is working on Crysis 3, which is due for a spring 2013 launch, in addition to THQ's Homefront 2.