With the company’s flagship smartphones that feature edged displays and supercharged hardware sheets to HDTVs with whopping UHD resolutions, it’s a clear sign that Samsung is always hard at work to be at the forefront of innovation. The company also has a strong push in the technology of bendable displays, and it looks like it’s about to bear fruit. Dubbed as the “Project Valley,” the up and coming bendable smartphone could come out next year.

According to a report from ETNews, the South Korean tech giant is working on mass producing its bendable displays by the end of the year, with bendable smartphones arriving the year after. Citing industry sources, the report notes that the company’s progress in the development are coming well, although it didn’t shed too much of the technology’s purported details.

“Although mass-production cannot be concluded hastily since Samsung Electronics still has few other major tasks to complete, I’ve heard that Samsung Electronics had made a considerable amount of results in the time being.” said a representative for an industry familiar with the development of Samsung’s foldable displays as reported.

A couple of months ago, the company had confirmed that its progress on foldable displays is moving along nicely. But then again, the company wasn’t able to provide a proper timeframe for its commercial release. The technology has been in development for over three years now since Samsung first unveiled its idea on foldable smartphones.

“Development of Foldable OLED is taking place according to our plan,” said Director Lee Chang-hoon of Samsung Display in January. “We are planning on mass-production and release of this product by discussing with our partners.”

According to rumours, Samsung could also be partnering up with several manufacturers and distributors to make its 7-inch foldable device. The device will feature a bendable OLED display, which would make it capable of folding in half like a wallet.