Consumer tech brand Nothing Technologies, the newly-launched venture of OnePlus co-founder Carl Pei, has been working on a smartphone for over a year and plans to announce it by next month.

According to TechCrunch, the entrepreneur has shown off a prototype of the device in meetings with several key executives from the industry at this week’s Mobile World Congress (MWC) event in Barcelona, as per a source close to the company.

TechCrunch has viewed a photo of one such meeting Pei had with Qualcomm’s chief executive.

Details around the forthcoming device are thin, though the source notes that the product will share a similar design language and “elements of transparency” seen in Nothing’s first product.

Released in 2021, the earbuds have shipped 400,000 units as of late January, according to the London-based hardware startup.

We have a lot of products in the pipeline. Earlier this year, we did a community crowdfunding round where we allocated $1.5 million to our community, – Pei was quoted as saying by the website.

In an interview with TechCrunch last July, Pei noted that the company had several different devices on its roadmap, prior to teasing out the earbuds.

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