HP Slate 2Hewlett-Packard may have shuttered its line of TouchPads, but the company certainly isn’t out of the tablet business.

The company announced that it plans to refresh its Windows 7 Slate 500 tablet, which will focus on the business/enterprise market of consumers.

The Slate 2 isn’t much different from the first model. And like the previous version, it features a 1024 x 600-resolution, 8.9-inch screen and includes a stylus. HP, however, has upgraded the Slate 2 with a 1.5GHz Intel Atom Oak Trail Z670 processor, a faster 64GB mSATA drive, a Swype keyboard and a new Bluetooth keyboard dock.

Another big improvement over the original Slate is the increased battery life, which has a standby time of six hours compared to the old Slate’s two hours. The Slate 2 will retail for $699 and be available to consumers in late November, according to the company.

Of course, if $699 is too expensive for you, HP is currently offering its WebOS TouchPad tablet for $149 when you purchase of one of the company’s PCs.

[Via The Verge]