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Look out Samsung! Is this the next big smartwatch?

Make way for the Omate TrueSmart. The TrueSmart is a stand-alone water resistant smartwatch that can work independently and as a companion to your phone. The watch has the capability to make phone calls, send messages and connect to the Internet.

This smartwatch first made its debut on the Kickstarter website on Aug. 21, 2013. Blasting through its campaign, it closed with more than $1 million in funding this month.

Omate TrueSmart
Source: Omate
Omate TrueSmart

Omate has two versions of its smartwatch. The Standard Smartwatch 2.0 that comes with 512MB/4GB of memory that is expandable by MicroSD up to 32GB retailing at $249 and the new Extreme Edition, which is equipped to hold 1GB/8GB of memory retailing slightly higher at $299.

TrueSmart has an Android 4.2.2 operating system, and is powered by 1.3GHz dual core processor to ensure that all Android applications will run smoothly.

The smartwatch features a camera, GPS, audio speaker, microphone, LBS tracker and more. Omate hopes to begin shipping both versions of the smartwatch in early December.

Key features:

  • Dual core Cortex A7—1.3GHz
  • Omate UI 1.0 / Android 4.2.2
  • 1.54'' TFT by LG display (240 x 240)
  • Multi-touch capacitive touch screen
  • Connectivity capabilities:
  • 2G GSM: GPRS class 12 EDGE multi-slot class 12
  • 3G WCDMA: HSPA 7.2Mbps/5.76Mbps
  • WiFi: IEEE 802.11b/g/n; Bluetooth 4.0; GPS
  • Embedded 5Mpixel camera / 480p @ 30fps video recording
  • Memory: 512MB 4GB (optional 8/16/32GB)
  • Micro SIM card
  • 600 mAh battery: up to 100 hours standby time
  • Audio speaker and microphone
  • Messaging hub: SMS/MMS/Email/SNS
  • G-sensor, E-compass, gyroscope, IP67
  • Voice control / gesture control / LBS
  • Full set of prequalified Android applications

Omate is not the only company to make waves in the smartwatch industry. Among its competitors are the Sony Smartwatch 2, the Samsung Galaxy Gear and Pebble.

—By CNBC's Erika Santoro.