Time Warner Cable has taken the wraps off of a sleeker, smaller mobile hotspot device that also allows users the ability to connect to more devices on the go.

Time Warner Cable's new IG2 Personal Mobile Hotspot can connect up to eight other Wi-Fi devices, while its predecessor, last year’s IntelliGo, connected up to five. Sierra Wireless makes both devices.

IG2 Personal Mobile HotspotBoth the IG2 and IntelliGo are small enough to fit in a shirt pocket, but the IG2's dimensions are 2.67' x 2.67' and 0.68' thick, while the IntelliGo is 3.15' x 3.15' x 0.61'. The IG2 also has a bigger LCD screen at 1.6' compared to the IntelliGo's 1.4'.

The new mobile hotspot features 4G WiMAX and 3G CDMA connections and a range of up to 150 feet indoors and outdoors. The supported Wi-Fi protocol is 802.11b/g/n.

"With the IG2 Personal Mobile Hotspot, you create your own moving Internet connection. The IG2 makes it simple and easy for customers to stay connected anywhere, any time and on any device," said Todd Townsend, chief marketing officer at Time Warner Cable East. "We are committed to providing our customers with enhanced technology to meet their needs in today's busy environment, and in doing so, fully intend to deliver a terrific experience."

The IG2, which is available to Time Warner Cable business and residential customers, costs $49.99 with a two-year agreement.

The external memory, which is sold separately, for the IG2 is up to 32 GB on a microSD memory card. The battery, which is the same as the one used in IntelliGo, lasts between four and six hours. The new device also powers up 35 percent faster than the previous model, according to this YouTube video by a Time Warner Cable employee.