Later, Chen told CNBC's Worldwide Exchange that the company was also working hard on innovating its hardware
"I'm really hopeful that our business is going to do well. In that last couple of quarters our hardware business actually made money," he said.
Responding to criticism about the company's low smartphone market share, Chen told reporters that the company could be in 99 percent of devices because it has opened up its key software to the Android and iOS platform.
As well as the Leap, BlackBerry outlined plans to release three other devices this year: a high-end "luxury" device with Porsche design, a "keyboard-based product", and a "dual curved display" phone with keyboard function. More details are expected to emerge at a briefing later on Tuesday.
The news follows a number of device releases last year from the Ontario-based company including its flagship square Passport phone.
BlackBerry has highlighted the security on its Leap device and features such as Hub - a software that displays all messages from emails to texts in one place. Other features include 25 hours of battery life for "heavy use" and BlackBerry World and Amazon App stores.