Yes, there's always a new engine coming, that's going to be the answer to everybody's prayers: cheaper, lighter, better in every way.
Sadly the ratio of engines 'coming' to engines 'arrived' is very low. Words are free, and marketing hype is cheap.
And even when a new engine is actually on the market, available for purchase now, with demonstrated testing & some limited field time, it still takes many years before the market will fully accept it in preference to those it knows & trusts, even if the new engine has better performance, lower weight & price, etc. This is particularly so if it embodies novel technology. Aviators as a breed are a conservative crew.
So even if/when a new engine actually appears, it will take a long time to become financially viable for the manufacturer. This is the pity of Camit going under: they had already climbed a fair way up the greasy pole of customer commitment, and were steadily building a loyal market base, and becoming sufficiently established for new buyers to trust.
Depending on the financial position of the late great Camit, it would seem a good opportunity for some (semi-altruistic?) engineering company to acquire.