The wafer-thin 10.7-inch touchscreen device was developed in conjunction with Intel and Queen's University and is powered by the chip-maker's Core i5 processor.
PaperTabs are designed to be used in numbers, with one for each app in use, rather than having multiple tabs open on a single device. Documents can be shared between PaperTabs over a wireless network or by touching them together.
"Using several PaperTabs makes it much easier to work with multiple documents," said RoelVertegaal, Director of Queen's University's Human Media Lab.
"Within five to ten years, most computers, from ultra-notebooks to tablets, will look and feel just like these sheets of printed colour paper."
Commands are carried out on PaperTab through bend and swipe gestures, and multiple devices can be placed in close proximity to create a larger display area.
"Plastic Logic's flexible plastic displays are completely transformational in terms of product interaction," said Plastic Logic CEO Indro Mukerjee.
"They allow a natural human interaction with electronic paper, being lighter, thinner and more robust compared with today's standard glass-based displays. This is just one example of innovative revolutionary design approaches enabled by flexible displays."
Numerous other technology manufacturers, including Samsung, are experimenting with flexible hardware.
Watch a video introducing PaperTab below: