LAS VEGAS -- Though most have never heard of Saygus, some may remember it as the small mobile company that made waves back at CES 2010 with its promising VPhone. The handset offered two-way video calling (which at the time was an impressive feat), and for a while it seemed it was on its way to the masses via US carrier Verizon Wireless.

But then, nothing much happened. The VPhone couldn't get liftoff, and Saygus disappeared from the scene. That is, until now.

At CES 2015, the Utah-based company is hoping to make a comeback with its newest offering, the V2 (pronounced "V-squared"). Though it doesn't stand out in terms of looks, just imagine every smartphone spec you've ever heard of, cram it into a handset, and you've got yourself the V2.

The Android 4.4 KitKat device features a 5-inch, 1080p full-HD display with Corning Gorilla Glass 4 that runs edge-to-edge against the bezel. It's powered by a 2.5GHz quad-core Snapdragon processor and a 3,100mAh battery that has wireless charging capabilities. As for its storage capacity, it has 3GB of RAM and 64GB of onboard storage. In addition it has two -- yes, two -- microSD card slots that are expandable up to 128GB (totalling 256GB altogether).

For your camera needs, both of the V2's cameras have optical image stabilization, with the rear sporting a 21-megapixel camera and the front featuring a 13-megapixel shooter.

On top of all this, the device is waterproof to fulfil IPX7 standards, meaning it can be submerged in up to 3 feet (1m) of water for 30 minutes, and is lined with Kevlar fiber. And if that weren't enough, the handset also has an IR blaster, a 60GHz mobile transceiver, a fingerprint scanner, and built-in Harman Kardon audio technology.

The company still doesn't have any pricing information for the Saygus V2, but from what we can glean from the hardware, it's expected to cost a pretty penny. With online pre-orders for an unlocked V2 starting this month (and units estimated to ship out globally beginning the first quarter of 2015), hopefully the device won't meet the same vaporware fate as the VPhone and actually does land in the hands of the consumer.

For more on CES 2015, read CNET's full coverage here.