Strategy First today announced that they will be publishing Space Empires V, a new installment of the series developed by Malfador Machinations with completely updated UI and a new real-time rendered 3D universe. New features abound with political alliances between multiple empires, a top-down ship design system, a hexagonal movement grid, and many more. Due to player demand, the game is completely moddable and even adds a scriptable AI system to the mix. Space Empires V is scheduled for release in June 2006.