Heavy Gear Assault was recently canceled. While an update post regarding the project's cancellation is locked to those that backed the project, developer Stompy Bot Productions provided a statement via the Kickstarter comment section.
The developer is "currently evaluating other strategies to raise awareness regarding Heavy Gear and looking at multiple means to get the Heavy Gear name out there." Stompy Bot is continuing its crowdfunding aspirations on the game's official site.
The Kickstarter campaign began on May 20 and was scheduled to run 40 days, through June 29. Up to the point of its cancellation, the developer raised $44,981 of its $800,000 goal, thanks to 879 total backers.