Nvidia CEO Jen-Hsun Huang made a statement on the near launch of Android tablets, referred to them as things that must ultimately be ‘truly remarkable’ in comparison with rival products, such as the iPad.

The statement came during an earnings call, revealing Nvdia’s sluggish third quarter.  The company’s financial data shows that Nvidia enlisted a loss of $141 million, approximately 25% per share and revenue was down to $843.9 million from $903.2 million reported a year ago.

Still the company foresees notable success with the new product, Nvidia Tegra processor which will be featured in certain Android Tablet models with larger screens. Although Jen-Hsun Huang is not supposed to reveal any details about the products that will be launched in the first part of 2011, he did mention that these tablets ‘using its dual-core Nvidia Tegra 2 processor <give you the benefit of higher performance and much, much better multitasking and better graphics>. All of these combined can lead to a different experience than the iPad’.

Compared to the current popular consumers products, such as laptops and netbooks that contain copper components, heat spreaders and fans, this new generation of Android tablets will giv way to “lighter products with longer battery life,” Huang said.  These tablets can connect to wireless keyboards and other accessories, making the difference between a tablet and a notebook nearly marginal.

Jen-Hsun Huang also stressed the fact that launching this type of products is not just hot air, emphasizing the current trend in all sectors of economies working on the development of tablets, from electronics companies to the medical industry.  And Nvidia’s not the only company out to create competitive Android tablets.  LG, Samsung Dell and HP are some of the other major players following a similar path.