Watch out iPad. Here comes the HPad…

PDFDevices.com reports on Hanvon Technology Co. Ltd. of China planning to announce a new line of products that includes the HPAD A112 eReader. This news will come at CeBIT2011 in Hanover, Germany in March. The Android 2.2 driven tablet with a 7-inch color touchscreen is rumored to hit the market at $545 (US) which puts it in the same price neighborhood as Apple’s tablet.

*Of note is Hanvon’s claim to launching Triton, the first color E Ink eBook Reader.

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