Confirming the rumors that LG Electronics is planning to strip away the `Optimus' moniker from the successor to its Optimus G handset, LG Electronics Mobile Communications Company's President and CEO Dr. Jong-seok Park has revealed that `Optimus' is being ditched from the company's premium branding, with the result that the eventual series of "premium" handsets will fall under the `G' branding.

The confirmation that LG is dumping the `Optimus' name from its premium handsets also affirms that the name of the company's forthcoming flagship handset will be `G2.' The handset will probably be unveiled by LG at an August
7 event.

Asserting that LG's vision is to make its newest G devices "synonymous with excellence," Park said that the new handsets will raise the bar even further for offering "the ultimate in user experience." Park further added that the new G2 devices will give a notable boost to the "excellent reputation" associated with the previous devices in the G series.

According to the information shared by LG about its new `LG G2' handset, the device will boast a 2.2GHz Qualcomm Snapdragon 800 processor as well as support for 150Mbps LTE-Advanced, and will unfold a "user-friendly and innovative" mobile experience.

Some of the other notable features of the handset - which will run Android OS version 4.2.2 `Jelly Bean' - include a 5.2-inch touchscreen; 2GB of RAM; a 13-megapixel backside camera; and a 2540mAh battery.