The series will focus on unresolved storylines from the original series, which ran for 65 episodes from 1983 to 1985.
"I'm Eternia-ly grateful to Mattel TV and Netflix for entrusting me with not only the secrets of Grayskull, but also their entire Universe," Smith said, per Deadline.
"In Revelation, we pick up right where the classic era left off to tell an epic tale of what may be the final battle between He-Man and Skeletor! Brought to life with the most metal character designs Powerhouse Animation can contain in the frame, this is the Masters of the Universe story you always wanted to see as a kid!"
The original show followed Adam, Prince of Eternia, who is endowed with fabulous secret powers when he holds aloft his magical sword and proclaims "By the power of Grayskull — I have the power!" transforming him into He-Man, the most powerful man in the universe, unrecognizable to everyone despite his lack of any disguise.
With the help of his trusty steed Battle Cat (also transformed from the cowardly tiger Cringer) and his friends The Sorceress, Man-At-Arms and Orko, they defend Castle Grayskull from the evil forces of Skeletor.
A spin-off based on Adam's twin sister Princess Adora, AKA She-Ra Princess of Power ran for 93 episodes between 1985 and 1986. A reboot, "She-Ra and the Princesses of Power" debuted on Netflix last year, and is already into its third season.
No word on a cross-over yet, but the siblings meeting in a future series seems likely.
He-Man was just one of the many popular '80s cartoons based on toy lines, along with Transformers, G.I. Joe and the Care Bears.