Samsung will be releasing a follow-up to its Galaxy Note device at a press event on Aug. 15, according to BGR. The Galaxy Note 2 is said to boast a thinner and taller 5.5-inch display, in comparison to the current model's 5.3-inch screen.

A source close to Samsung shared the news with BGR, adding credibility to speculation that the Galaxy Note 2 would be revealed next month. Previous rumors have indicated that the device also will feature a quad-core processor and a 12-megapixel camera, Korean news source MK Business has learned.

Samsung will unveil the Galaxy Note 2 during the IFA 2012, a consumer electronics show held in Berlin, Germany, in late August, a source familiar with the matter told MK Business earlier in July. The new model will definitely come with a 5.5 in. display, but it is unclear as to what other features will be included.

The Korean technology news site also said the Galaxy Note 2 will come equipped with Android 4.1 Jelly Bean, which Google unveiled at its I/O developer's conference at the end of June. The second Galaxy Note may be seeing another bump in camera megapixels, although this hasn't been confirmed.

There are also talks of improving the camera resolution to 12.0 or 13.0 megapixels, up from the current 8.0 megapixels, but this may be changed depending on other factors, an official familiar with Samsung's product development told MK Business.

But tech geeks will have to wait a little longer to see what Samsung is brewing in more advanced display technology.

 It will not, however, showcase the unbreakable plane (UBP) display technology, a precursor to the flexible display, the same source told MK Business. UBP will most likely be applied for the next product released after Galaxy Note 2.

The next generation of Samsung's phone-tablet hybrid does seem to be making some noteworthy improvements. A list of the Galaxy Note 2's speedy performance statistics were allegedly leaked on, as spotted by Engadget. It did not explicitly list the device as the Note sequel, but the model number read GT-N7100. The number for the original Note was N7000, so this could be the gadget's successor.

The posting has since been removed, but not before the tech enthusiasts at Phones Arena were able to get a screenshot. This listing indicated that the mysterious device will feature a 1.6GHz quad-core Exynos 4412 processor with Mali-400 graphics. These are the same components found in Samsung's flagship smartphone for the year, the Galaxy S3. The benchmark tests resulted in scores slightly higher than those of the Galaxy S3, as Engadget reports, which makes sense since the Galaxy Note 2 is said to feature a higher clocked CPU.

Fans will have to wait for Aug. 15 to see exactly what Samsung has up its sleeve. Although it seems likely that the company will announce the next-generation Galaxy Note, there's always a chance that Samsung could throw a curveball and unveil the Note 10.1 tablet device.