There's a startup in China that's seeking to be the first to release a flexible smartphone, and it could happen this year.

Moxi Group is creating the $765 device designed to be worn as a bracelet, and says it plans to release 100,000 of them during 2016, according to BloombergTechnology.

The first iteration of the bendable, wearable technology will be in black and white, but a color version will soon follow.

According to the Bloomberg article, there are skeptics, saying a low-resolution experience won't sit well with the commercial world.