A new Atari video game console is on the way, according to the company's CEO Fred Chesnais.

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Atari has released a mysterious video teasing a brand new piece of hardware called the Ataribox. Though the video doesn't reveal much, it does suggest the console will sport some sort of wood-grain design.In an interview with GamesBeat , Chesnais addressed the speculation and rumors, confirming Atari is indeed "back in the hardware business."While Chesnais did not provide further details about the hardware, he did confirm the Ataribox will be based on PC technology. Chesnais also said the system's design is still not finalized and that more information about the console will be shared at a later date.Atari's last home console was the Atari Jaguar, which released in North America in 1993. While you wait for more information about the Ataribox, check out IGN's extensive feature on the history Atari , as well as the new Atari Flashback 8 Gold that's launching this September.

Alex Gilyadov is a freelance writer for IGN. You can follow him on Twitter