Samsung Electronics revealed today its newest and world’s fastest solid state drive (SSD) which uses a SATA II interface.

The new Samsung 256 GB SSD with a multi-level cell (MLC) base also breaks ground in the size category, being the thinnest drive available at this point. It is also faster than any typical Hard Disk Drive (HDD) by 2.4 times, featuring a sequential read speed of 200 megabytes per second and a sequential write speed of 160 MB/s.

It is only 9.5 millimeters thick and its measurements are 100.3 x 69.85 mm. It will only use 0.9 watts in active mode, making its power consumption extremely low.

Samsung announced its plans to begin mass production on the SSD by the end of the year and customer samples will be available starting with September.

Compared to any other SSD on the market, Samsung’s device will be based on three concepts: faster, smaller, better. By the end of the year, we could also be looking at a smaller, 1.8-inch version, as PC World reported.

Although, with no moving parts, the flash-based SSD starts working almost immediately to achieve far better access speeds than a conventional hard disk drive.

Analysts expect to witness a continuous SSD market growth at a fast rate by 2012, when, according to their calculations, at least 35 percent of its notebook computers will use the SSD.

The price for its new product has not yet been determined and Samsung is expected to make announce it in the next few months.