The information about the album was presented during there set at (Isle Of Wight Festival). The band released the title of the album and talked to NME (http://www.nme.com/news/stornoway/57223) about the plans for the next instalment "saying that that the band has worked towards a more collaborative effort, having all of the members contribute to the writing process on this effort.
(the date of release is subject to change, they have only stated sometime next year)