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The Paperphone would perform most of the tasks of a typical smartphone with one important difference- it would flexible, and could be interacted with through bending actions.
The new 'paper computer' would use a thin film E-Ink display on top of a flexible printed circuit with sensors that would enable it to recognize different bending gestures. Bending a corner would turn the page, and squeezing it into a concave shape would activate the phone systems. A built in Wacom tablet would enable users to draw directly on the screen, enhancing its paper-like qualities.