Bluetooth 5, the new version of the wireless standard will launch on June 16, according to an announcement from Bluetooth SIG Executive Director Mark Powell.

Powell’s email announcing Bluetooth 5.0 launch can be read here, and the event will take place in London on June 16.

According to Powell’s email, Bluetooth 5 will double the range of transmissions, and offer 4x speeds of low-energy Bluetooth. The update will be called Bluetooth 5, with no 5.0 like the previous versions and this is primarily for marketing purposes.

Currently, Bluetooth 4.0 and upwards, offer an ideal range of 300 feet and 25 MBps transfer speeds in theory, so Bluetooth 5 is offering a significant upgrade over these features.

Also Bluetooth 5 will offer “significant new functionality for connectionless services like location-relevant information and navigation,” as well as “adding significantly more capacity to advertising transmissions.” As this article on Ars Technica points out “advertising packet” on Bluetooth devices allows devices to send out bits of information to other Bluetooth devices, even if they are not connected.

According to the company, Bluetooth 5 “will further propel the adoption and deployment of beacons and location-based services to users around the world.”

With Bluetooth, we’ll also expect new hardware to come in which will support the latest standard.