The second-generation OnePlus handset is finally here. After numerous revelations about the OnePlus 2, as well as unofficial leaks, the company took the wraps off its new flagship smartphone killer on Tuesday. Just like its predecessor, the OnePlus 2 will be a tough competitor for top Android handsets and the iPhone, especially considering its high-end specs and affordable price.

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Launching via a special invite system on August 11th, the OnePlus 2 will be available in two configurations: a 4GB of RAM / 64GB model priced at $389 and a 3GB of RAM / 16GB model priced at $329.

In fact, here’s the full specs sheet for the new handset.

Dimensions: 151.8 x 74.9 x 9.85 mm

Weight: 175g

5.5-inch 1920 x 1080 display with 401 pixel-per-inch density and Corning Gorilla Glass

Qualcomm Snapdragon 810 processor

3/4GB of LPDDR4 RAM

16/64GB of eMMC 5.0 storage

13-megapixel camera with optical image stabilization (OIS)

5-megapixel front-facing camera

dual-band Wi-Fi (2.4GHz 802.11b/g/n and 5GHz 802.11a/n/ac

Bluetooth 5.1

LTE

Dual-SIM support

GPS and GLONASS

Oxygen OS based on Android 5.1

Fingerprint button

Alert slider

USB Type-C connector

3,300 mAh battery

As you can easily see, there are some missing features in the OnePlus 2. The device comes without NFC support and doesn’t have a microSD slot. Furthermore, there’s no wireless charging or fast-charging in this handset.

The brand new features of the handset include a button on the front side that houses a fingerprint reader — however, you can’t press it for anything else.

The second button is an Alert button on the left side, which lets you quickly change notifications status between three preset modes with a simple switch.

An introduction video and the full press release follows below.

2016 Flagship Killer Unveiled: Meet the OnePlus 2 OnePlus Doubles Down on Design, Power and Innovation for the OnePlus 2, from $329 SAN FRANCISCO, July 27, 2015 – OnePlus, a global technology startup, today announced its latest flagship product, the much anticipated OnePlus 2. Following the global success of last year’s OnePlus One, the latest offering reaffirms OnePlus’ commitment to the highest level of craftsmanship in the industry today. The OnePlus 2 boasts top of the line specs, one of the best cameras on the market, beautiful design and the adoption of state of the art technology. “From day one, we’ve prioritized our product and our community above all else – we carefully listened to our users’ feedback and incorporated suggestions in building the OnePlus 2.” said OnePlus Founder and CEO, Pete Lau. “We chose premium materials, the highest performing components and forward thinking technology to make this an unparalleled user experience.” Specs that Impress The OnePlus 2’s aluminum-magnesium alloy frame and jewelry-grade stainless steel accents encase a vibrant, full HD 5.5” IPS LCD In-Cell display. The OnePlus 2’s display outperforms in direct sunlight with 178 degrees of crystal clear viewing angles. Noticeably more solid and durable, at just 175 grams, the OnePlus 2 is easy and natural to hold. A 3300mAh lithium polymer battery powers the device throughout the day, and as a dual-sim device the OnePlus 2 simultaneously supports two Nano SIM cards with 4G LTE capability. The 64-bit Qualcomm® Snapdragon™ 810 SoC is the fastest processor on the market. With up to 64GB of storage and eMMC 5.0 flash memory, the OnePlus 2 is lightning quick. Paired with up to 4GB of LPDDR4 RAM, the OnePlus 2 powers all your apps, games and videos. Capture Your World The OnePlus 2 puts extraordinary digital photography power right in your pocket. The 13 megapixel rear facing camera boasts 6 physical lenses, powerful dual LED flash, and f/2.0 aperture. Perhaps most impressive is the sensor, which contains large 1.3 µm light-collecting pixels to deliver low-light shots like you haven’t seen before. The OnePlus 2 camera has been engineered for improved clarity and stability, accomplished with the addition of an advanced Optical Image Stabilization system. Rear mounted laser technology sharpens and focuses the camera in just .33 milliseconds and the wide-angle 5 megapixel front-facing camera ensures every angle is covered. Carefully Crafted The OnePlus 2 is a continuation of the smooth curves and clean lines that defined the OnePlus One. A striking yet subtle floating display and metal chamfered edges add elegance and solidity to the outer frame, also making the OnePlus 2 easy to hold and comfortable in the hand. In addition to OnePlus’ signature Sandstone Black, consumers now have access to a range of covers including actual wood built Bamboo, Black Apricot, Rosewood and even Kevlar. Ahead of the Curve Equipped with a USB Type-C charging port, OnePlus is paving the way for the adoption of USB Type-C technology, the latest in charging and data transfer. Taking it one step further, the OnePlus charging cable uses patented technology making the Type-A side reversible as well. The OnePlus 2 is equipped with a fingerprint scanner, adding premium security and convenience. Users can now wake and unlock the device with one of five stored fingerprints in less than half a second. Additionally, the OnePlus 2 features an alert slider for quick access to custom notification settings. Unprecedented on an Android device, the alert slider can silence the device with a simple click. Innovative operating system – OxygenOS The OnePlus 2 is the first device in the world to ship with OnePlus’ own operating system, OxygenOS. “With the OnePlus 2, we’re making a bet on the future, and doubling down on a holistic product experience,” said OnePlus Co-founder, Carl Pei. “We’re excited for what our fans have to say.” OxygenOS, based on Android 5.1, is a refreshing take on the pure Android experience. Subtle customizations like on screen gestures, dark mode, the ability to switch between hardware and capacitive buttons and toggle quick settings are baked in throughout the OS. Loaded with custom apps including Camera, Audio Tuner and File Manager, OxygenOS delivers a light, secure take on Android. Pricing and availability The 64GB OnePlus 2 will be available with an invite in the United States and European Union starting August 11 for $389. The 16GB OnePlus 2 with 3GB of LPDDR4 RAM will be available later for $329. Fans can visit one of nine pop up experience centers located around the world on July 31st to sign up for an invite and be one of the first in the world to see the OnePlus 2. Users can also tune in to OnePlus’ social media channels starting August 1st for a chance to get an invite.