Samsung Electronics may introducing two new smartphone models that will feature bendable screens, including a version that folds in half, Blooomberg reports. The devices using organic light-emitting diodes could be unveiled as soon as early 2017, the report claims.

One of the Samsung's model will have a 5-inch screen when used as a handset, that unfurls into a display that’s as large as 8 inches, similar to a tablet.

Codenamed "Project Valley," Samsung could unveil one or both of the devices as soon as February, when Mobile World Congress takes place in Barcelona. That timing would give Samsung a head-start on Apple’s iPhone using OLED screens that may be released later in 2017.

The company may is also said to name the next version of its Note device as the "Note 7," skipping a number, to bring it in line with its flagship Galaxy S smartphone range.

Samsung declined to comment. Society for Information Display (SID) conference, Samsung Display showcased a prototype of the 5.7-inch flexible AMOLED display with a QHD resolution (2560x1440) and the thickness of just 0.3 millimeters. The display had a weigh of just5 grams and a radius curvature of more than 10R.