As the name implies, the new company is based in the north west of England, and Sony claims that it wants to create a small but very experienced team.
At the moment, the Project Morpheus device does not have an official launch window, although Sony will probably try to introduce it in early 2016.
It will be compatible with the PlayStation 4 home console, and the company has not yet said which video games will support it when it is finally introduced.
See the full story here: http://news.softpedia.com/news/Sony-Reveals-New-North-West-Studio-Focused-on-Project-Morpheus-Projects-481444.shtml