Official photo of the HTC One Ace hits the web

HTC hasn't just been busy with its flagship HTC One M8 this year. Following the HTC One Mini 2, it looks like the Taiwanese company has another handset in the pipeline.

Official looking images, believed to be of the HTC One Ace, have appeared online showing HTC's paired-down handset in red and blue.

The phone is rumoured to share similar specifications with the One M8, but will have a plastic case and a slightly more curved design.

Talking specifications, and the Ace is reportedly boasting a 5-inch (1920 x 1080) display and a quad-core 2.5GHz Snapdragon 801 chip with 2GB of RAM.

Like the M8, the device will also come with the option of a microSD card for expanding on what is likely to be 16 or 32GB of internal storage.

Obviously, HTC has been quiet on anything to do with the handset, so we really have no idea of pricing or release dates at the moment. Chances are though that the HTC One Ace will cost a bit less than the all-metal HTC One M8.