Information about the device's innards and screen adds substance to earlier rumors but offers no clues as to what the watch will do or how it will be styled.

Internet-based rumors about any number of upcoming tech gadgets are ten a penny. However, what gives this one substance is that it is courtesy of @evleaks, who has an exemplary track record when it comes to leaking all things hi-tech.

His leaked list of specs confirms that the Google smartwatch is being developed in partnership with LG -- the company that builds Google's Nexus 5 smartphone -- and that it will have a 1.65-inch LCD display with a resolution of 280x280 pixels. It will also have 512MB of RAM and 4GB of onboard storage.

The list of specifications alone give us no clue as to what the finished device will do or what it will look like, other than that its display will be square and the same size as that of Samsung's latest Gear smartwatch.

However, because the hype and excitement surrounding wearable technology devices in general and smartwatches in particular is so great, any snippet of information is currently being jumped on and held up as proof that 2014 is going to be the year of the smartwatch.

During this week's SXSW Interactive, Sundar Pichai, Google's head of Android, confirmed that the company is committed to wearable technology devices and that the company would launch a special developers kit before the end of March that will help companies and individuals to use Android as an operating system on everything from fitness bands to smartwartches and headsets. However, when it came to devices that Google was developing in-house, Pichai was tight-lipped.

As well as Google's effort, HTC and Asus have both confirmed that they are currently prepping smartwatches that will launch before the end of 2014 and, of course, everyone is expecting Apple to enter the market with the iWatch at some point this year, too.