RED announced its $1,200 smartphone is coming this summer - take a look at all of its futuristic technologies

Last summer, professional camera company RED announced it would release the "world's first holographic media machine" in early 2018.

The Hydrogen One phone was immediately available for pre-order starting at $1,195.

RED teased an image of the Hydrogen One and gave popular YouTube tech reviewer Marques Brownlee (MKBHD) a non-functional prototype, but not much else was shared about the device for several months. 

In a more recent update on the smartphone's status, RED founder Jim Jannard shared additional details and a rough launch estimate for the final product, which both he and RED president Jarred Land now own. 

"I can proudly say that my current phone (and Jarred's) is a working HYDROGEN One… serial numbers EVT1- 0001 and 0002," Jannard said. "While there are still a few things to add, it does everything we need from a cell phone… plus display 4-view content. It is awesome. If we never sell one phone… I am totally happy. We both have exactly what we wanted."

Here's a closer look at the Hydrogen One smartphone:

Jeff Dunn contributed to an earlier version of this post.