The Morph device can be used as a keyboard, then bent around the wrist and worn as a bracelet.
The handset giant first touted the system five years ago and it has taken researchers at the Nokia Research Centre in Cambridge this long to get a working prototype.
Dr Tapani Ryhanen, head of the research centre, said: "We hope that this combination of art and science will showcase the potential of nanoscience to a wider audience.
"The research we are carrying out is fundamental to this as we seek a safe and controlled way to develop and use new materials."
Nokia claimed that the technology will be in mainstream phones by 2015, but that there are technical challenges still to overcome. Chief among these is power, and Nokia is investigating the use of new battery materials.
Professor Mark Welland, head of the Nanoscience Group at the University of Cambridge, said: "Developing the Morph concept with Nokia has provided us with a focus that is artistically inspirational and sets the technology agenda for our joint nanoscience research."
Nokia reveals flexible Morph phone
By Iain Thomson on Feb 27, 2008 8:15AM