After having showed off a prototype of its UX10 tablet at Computex show last month, LG Electronics Monday announced that it intends marking its foray into the tablet PC arena with the launch an Android-based tablet computer in the 2010 fourth quarter.

However, though LG has announced that its first tablet will be based on the Google Android operating system, there has been no clarification about whether the Android tablet will substitute or compete with the Windows 7-based UX10 tablet that LG unveiled at the Computex.

In its recent press release, the South Korea-based LG Electronics said that the forthcoming tablet, which will run Google’s Android 2.2 ‘Froyo’, will essentially be part of the company’s forthcoming line of nearly 10 smartphones and smart devices that will hit the markets by the end of this year.

Though LG refrained from disclosing the projected price-tag of its Android tablet, it is almost certain that the device will have some notable features like – a 10.1-inch touchscreen; an Atom Z530 processor; and 1GB RAM.

Further, going by the UX10 unveiling at Computex, the LG tablet will also probably boast a 1.3-megapixel front-facing camera; SD memory card slot; 120GB hard drive and HDMI output.

LG’s announcement of the Android-based tablet comes close on the heels of the June-end announcement of Cisco Systems’ below-$1000 Android-based ‘Cisco Cius’ tablet aimed essentially at business users.