I was able to get some footage from the owner, the game looks great! Such a shame it was never released, I don't know if there is any plans to release the Rom but this is a great start!

Pretty cool, which company was working on this?

It's shown at the start, I think it's racdym and Sammy.

Was this there first game? I haven't heard of them.

Wikipedia them they have a long running list of jpn only titles.

Looks like a really great shooter, perhaps it will be reproduced one day.

Pretty cool. Reminds me a lot of Silpheed.