Once a dominant player in the enterprise smartphone market, BlackBerry maker Research In Motion has struggled in recent years to keep up with the likes of Apple and Google. However, the company may be preparing to breathe a little life into its business with the rumored release of its new operating system.

According to a recent MSN report, RIM is expected to release the BlackBerry Colt early next year. The Colt will be the first smartphone based on RIM's new QNX operating system.

RIM hasn't confirmed the rumors as of yet, but according to the news provider, co-CEO Mike Lazaridis has said in the past that his company is working to produce more devices based on QNX.

The real-time mobile OS, MSN stated, will enable users to run multiple applications simultaneously and will provide greater communication between mobile and other computing devices.

RIM's tablet, the BlackBerry PlayBook, was released earlier this year and featured a platform based on QNX technology. The device is RIM's debut tablet and, so far, has been met with mixed reviews and mediocre sales.