The Pokémon Company is currently developing a mobile game called "Pokémon GO." The Tokyo-based corporation is producing the upcoming game in partnership with Nintendo and Google off-shoot Niantic Inc.

"Pokémon GO" lets players find, search, and battle Pokémon on the streets using their iOS and Android devices.

According to Wall Street Journal, not much details were revealed by the Pokémon Company regarding on how they will take the game "to the streets." However, the company said that "location-tracking technology" will be utilized.

The announcement was accompanied by a video that showed real-life people locating and capturing Pokémons in various urban and rural landscape. However, the report notes that it is still "unclear just how many Pokémon will be floating about the Earth."

The mobile game even has a complementary gadget called the "Pokémon GO Plus," a Bluetooth-enabled wristband that lights and pulsates whenever a Pokémon is near. It will also notify players when other Pokémon-events are coming. Nintendo has even posted out pictures of it on Twitter.

The said Nintendo-manufactured wristband syncs to players' handsets through Bluetooth. Once connected, it enables players to execute basic in-game commands including catching a Pokémon with a simple tap of a button.

According to The Verge, The Pokémon Company's CEO Tsunekazu Ishihara recently stated in a media event in Tokyo that he had been working on "Pokémon GO" with Nintendo CEO Satoru Iwata for almost two years before the latter passed away in July 2015.

Gameplay footage of "Pokémon GO" wasn't revealed during the media event, but fans need not to worry since the company did unveil the game's announcement trailer, which garnered mixed reviews from techies.

"This all feels a bit too good to be true for me," Paul Tassi of Forbes Tech lamented.

"The problem already I can see with the live-action trailer for the game is that it's created expectations that are impossibly high for Pokémon Go... Not that Nintendo would make a game that poor, but I'm just worried that the reality of the final product is going to be dramatically disconnected from the wild fantasies shown in a trailer like this," he added.

"Pokémon Go" will be free to download on the App Store and Google Play in 2016. It will contain various in-app purchases.

What do you think of the "Pokémon Go" trailer? Feel free to comment below.