LG Electronics Inc. (KRX:066570) (OTCMKTS:LGEAF) just unveiled a curved smartphone called G Flex. The phone features a flexible OLED plastic panel for the screen. It’s a thin and light screen; the plastic substrates help the screen have a curved shape.

LG G Flex

The screen also uses “Real RGB” (red, green, and blue) technology, which makes it brighter and more accurate than most OLED panels. The plastic design also makes it more flexible. The G Flex screen also measures six inches across the diagonal, and features 1280 x 720 pixels.

G Flex features

The phone comes with a curved battery which features LG Electronics Inc. (KRX:066570) (OTCMKTS:LGEAF)‘s Stack & Folding technology, which reduces the stress on the battery when it’s bent. How does the curved shape of the phone enhance overall user experience? LG explained that a curved phone fits human faces better as it reduces the distance between the mouth and microphone. It also improves the quality of both sound and voice.

The South Korean tech company added that the phone features a “self-healing” rear cover which was designed to recover from the daily wear and tear scratches that uncased phones get. The surface on the back of the phone features an elastic coating that resists damage.

Information Week shared the details on the rest of the specifications: “The G Flex carries over most of the specs from LG’s G2 flagship smartphone. It is powered by a 2.26-GHz quad-core Snapdragon 800 processor with 2 GB of RAM and holds 32 GB of storage. It has a 13-megapixel main camera and a 2-megapixel user-facing camera, both of which can record HD video. It positions the volume/control buttons on the back surface, just like the G2, and includes a range of sensors in addition to support for wireless network technologies such as Wi-Fi, Bluetooth 4.0, NFC, GPS and LTE 4G.”

Interestingly enough, the industry for flexible displays is predicted to grow significantly in a few years. IHS Display even predicts that the market will reach $1.5 billion in 2016 and over $10 billion by 2019.