It's been months of speculating as to when the new LG G5 will be released. In a recent press conference, LG has made it official that it will launch their latest smartphone, the G5 on February 21 at the MWC Barcelona event.

Making the G5 their first smartphone release this year, LG has introduced a new design for the G5. Experts say that it will have a removable mechanism where in users will be able to slide the battery off of the device. Dimension of the smartphone is 149.4 x 73.9 x 8.2mm and will probably be made of a metal shell.

For the screen, the G5 will be using a 5.6 true HD with a flexible touchscreen. It will have a 4K display with a resolution of 3840 x 2160. It will run under the octa-core Snapdragon 820 chipset with 2.2-3 GHz of blazing fast response. It will come with a 4GB of RAM to sail away with almost anything users would want the phone to do. The G5 will have a 32GB, 64GB, and 128GB internal memory options.

To keep the device running, the LG G5 will have a massive 4,000 mAh battery; perfect for that rumored 4K display screen as this type of screens consumes more juice out of the device. LG will also integrate Qualcomm's Quick Charge 3.0 technology which speeds up the charging time allowing it to go up to 85% in only 35 minutes.

Popular for their excellent smartphone cameras, the LG G5 is going to have a 20MP primary camera utilizing Sony's lens with dual LED flash. The secondary snapper will be an 8MP camera, perfect for those selfie shots.

Another additional feature that LG placed in the G5 is its iris scanner, located at the front camera. It can be used a biometric security feature. The price point for the LG G5 is going to be around $900, pretty steep considering the fact that it is in the same price range as its major competitors like Apple, and Samsung.