Samsung announced this week that it will soon be releasing a new 5G version of the Galaxy Z Flip. The foldable phone is the first device in Samsung’s Galaxy line-up to feature the Qualcomm Snapdragon 865 Plus 5G Mobile Platform, maximizing the power of 5G to achieve faster processing with improved imagery.

“At Samsung, we continue to put the power of 5G in millions of consumers’ hands. We continually demonstrate our commitment to make 5G more accessible to more people,” said Dr. TM Roh, President and Head of Mobile Communications Business, Samsung Electronics. “We are excited to bring next-generation speed and connectivity to the Galaxy Z Flip which further expands our portfolio of 5G devices, empowering consumers with meaningful experiences to help them do more of what they love.”

The Galaxy Z Flip 5G will be available in two new colorways of Mystic Gray and Mystic Bronze, encased in glass with a haze finish. The phone is equipped with new flex modes that allow you to utilize the two four-inch screens when the device is free-standing, using each for a different function.

Priced at $1,449.99, the Galaxy Z Flip 5G releases August 7 through AT&T, Best Buy, Samsung.com, T-Mobile, and Amazon.com.