Sector 3 Studio is now KW Studios. Which to me just makes sense. KE Suspensions is behind the Raceroom franchise since - well, since very many years. Without KW, the Raceroom show probably would not even exist anymore - who knows.
https://www.kw-studios.com/
The text seems to imply they are working on a new engine capable to serve the next generation consoles.
Its still one of my three to-go-to race sims, and still has the best AI I have ever seen in any racing sim. I was able to adress some of the issues I had with their new FFB by replacing some of my hardware, so the title is back in business for me.