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Samsung Foldable Smartphone Rumors: Project Valley to Launch in Early 2016? (VIDEO)

Information has emerged that Project Valley, Samsung's first foldable smartphone, is being prepared for launch in Q1 2016.

Initially reported in May this year, the foldable Samsung handset with a plastic display that could fold in half like a small book, will be unveiled in January 2016, according to information culled from SamMobile.

The foldable phone, codenamed Project Valley, is said to be currently undergoing testing in China on Qualcomm's Snapdragon 620 SoC and the upcoming Snapdragon 820 chipset. While it is not certain whether Samsung will be releasing two iterations carrying different processors, the foldable handset is expected to be supported by 3GB of RAM, a microSD slot for expanded storage, and a non-removable battery.

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Speculations have also emerged Samsung is using its Project Valley concept smartphone as a testing ground for the Snapdragon 820, which the South Korean tech giant will be installing on its next gen flagship handset, the Galaxy S7, rumored to be unveiled in February 2016.

For several years now, Samsung has been teasing its foldable display technology at major technology expos, such as when it showcased its new Youm flexible OLED screens at the 2013 CES.

According to Samsung, it has been able to manufacture a high resolution display on exceedingly thin plastic instead of the traditional glass screen used in handheld devices today.

With a flexible plastic display, users can bend the screen at extreme angles without any danger of it shattering. For smartphone users who have dropped their devices, and broken countless mobile phone and tablet screens, bendable display technology carries a wide appeal.

While Project Valley may seem like a paradigm shift in smartphone manufacturing technology, this isn't the first time tech companies have attempted a bendable touchscreen device. Microsoft built its Courier tablet to compete with the Apple iPad, but after several early demonstrations of the device, it was never released to the public.

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