Revealed on Tuesday, Gainax's Tomoyuki Uchikoga announced their newest project titled Panty & Stocking with Garterbelt (Pansuto) on his twitter account. The series will be headed by Hiroyuki Imaishi, Director for Gurren Lagann, while character designs will be provided by Gurren Lagann's character designer Atsushi Nishigori. A leaked scan of the June issue of Newtype Magazine is reporting that the series will follow the adventures of two angels, the blond haired Panty and black haired Stocking, who battle ghosts on Earth. Gainax's Executive Director, Hiroyuki Yamaga will be making his yearly return to FanimeCon on May 28, and we will be sure to ask him more about the series then.

Updated with scan.