Is This Our First Look At Battle Cat From Masters Of The Universe?

Sony Pictures has been planning a new live action adaption of He-Man And The Masters Of The Universe for quite some time now.  Just recently director Jeff Wadlow was brought in to write a new draft of the script.  Now last night DeVon Franklin, Vice-President of Columbia Pictures, tweeted out this image of what appears to be concept art of He-Man's fierce companion, Battle Cat, after he was asked for an update on the film.  He never did clarify that it was from the adaption but what else could it be?  Regardless it looks like He-Man And The Masters Of The Universe may be getting closer to returning to theaters.