Sony is to lift the veil on its upgraded PlayStation 4 hardware next month (September), according to multiple reports. The event will reportedly take place on Friday 7 September in New York City, according to sources close to the gaming firm.

The original report came from French site Gameblog but was verified last night by Patrick Kelpek and Austin Walker of the US branch of Vice Gaming. A source of the latter's story says the reveal event will be a "technical showcase", with claims that as of a few weeks ago Sony was still deciding exactly what to show.

PlayStation Neo, or PS4.5, or PS4K, was first reported on by Kotaku back in March following this year's Game Developer Conference (GDC), with further reports from Eurogamer and The Wall Street Journal essentially confirming the hardware's existence.

In June Sony announced the project with minimal information, shortly prior to this year's E3 trade show – where many were expecting Sony to make an announced. There was confirmation that the hardware would support 4K, but not specifically whether it will support 4K gaming alongside the expected 4K media (streaming and Ultra Blu Ray discs) support.

At the time Sony Interactive Entertainment president and global chief executive Andrew House told Financial Times: "All games will support the standard PS4 and we anticipate all or a very large majority of games will also support the high-end PS4."

The nickname Neo was reported in April alongside early specs for the machine. They also reported on Sony's strict rule-set for developing games that support Neo that will ensure players enjoying a better visual performance on the console will not gain an advantage over other players. This would likely mean a locked framerate across both consoles and in turn hinder the arrival of 4K gaming, should Neo support it.

Multiple reports have stated that the Neo will launch later this year.

For all the latest video game news follow us on Twitter @IBTGamesUK.