We introduce our cutting-edge panoramic camera – a true panoramic camera (TPC), designed for mobile smartphone applications. Leveraging prism optics and well-known imaging processing algorithms, our camera achieves parallax-free seamless stitching of images captured by dual cameras pointing in two different directions opposite to the normal. The result is an ultra-wide (140ox53o) panoramic field-of-view (FOV) without the optical distortions typically associated with ultra-wide-angle lenses. Packed into a compact camera module measuring 22 mm (length) x 11 mm (width) x 9 mm (height) and integrated into a mobile testing platform featuring the Qualcomm Snapdragon® 8 Gen 1 processor, the TPC demonstrates unprecedented capabilities of capturing panoramic pictures in a single shot and recording panoramic videos.