NCSoft signs with Sony an exclusive game development agreement with Sony to develop games for the PSP and PS3.

NCsoft is known for its highly successful online game products such as the Guild Wars and City of Heroes brands and its flagship product Lineage, which has a customer reach of more than 70 million worldwide.

Both companies did not detail any of the upcoming NCSoft games. NCsoft officials did say that the games would be created from both existing intellectual properties (IP) owned by NCsoft, as well as new IP. "NCsoft has established itself as one of the preeminent developers in the online space," said Riley Russell, vice president of third party and developer support, Sony Computer Entertainment America. "Their track record of creating successful online games is exactly what we are looking for as we grow the PLAYSTATION Network, delivering new, rich experiences on both PS3 and PSP. SCEI's hardware leadership matched with NCsoft's extensive online experience are the hallmarks of what is sure to be a fruitful relationship for both companies, ultimately benefiting our core audience -- the gamer."
Via the NCSoft site.