Speaking to the Korean Times this week, Lee-Young-hee, Samsung's executive vice president of mobile, also said that the first generation device will not use Samsung's flexible display technology.
"We will be introducing a new wearable concept device called Galaxy Gear at our own event in Berlin on September 4," Lee said.
"The Gear won't have a flexible display. The new device will enhance and enrich the current smart mobile experience in many ways. It will lead a new trend in smart mobile communications. We are confident that the Gear will add meaningful momentum to the mobile industry."
From Lee's description, it seems that the device will work alongside a smartphone rather than as a stand alone product that can make calls.
The smartwatch will be aimed at primarily at "young trendsetters" Lee added, and hinted that future devices which will use the flexible display technology are already in development.
"We have intellectual properties for patents related to the next wearable devices. Those are concepts for future products," she said.
During the interview, Lee went onto fully confirm that the Galaxy Note 3 phablet will be launched at the event.
She also said that the firm has no interest in buying BlackBerry, which recently opened itself to takeover offers. Instead, the company will be placing greater focus on mobile security solutions in the future.