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OLYMPUS MICRO FOUR THIRDS SYSTEM-COMPLIANT DIGITAL CAMERA UNDER DEVELOPMENTMaking Smaller, More Portable Interchangeable Lens Solutions a RealityCOLOGNE, GERMANY, September 22, 2008 – Olympus today announces that it has begun development of an interchangeable lens type digital camera based on the “Micro Four Thirds System.” Development of the camera will bring dramatic reductions in size and weight to the Olympus E-System, and will comply with the new Micro Four Thirds System standard jointly announced with Matsushita Industrial Co., Ltd. (Panasonic) on August 5. A concept mock-up of the camera will be exhibited September 23-28 at “Photokina 2008,” the world’s largest trade fair for the photographic and imaging industries held September 23-28 at the Cologne Trade Fair in Cologne, Germany. The global market for interchangeable lens type digital cameras is growing steadily, but still only accounts for approximately 7 percent of the total digital camera market. Considering the much larger share held by interchangeable lens type digital cameras when film was the dominant imaging medium, it seems that there is still ample room for sales growth in this category. Market surveys, however, indicate that more than a few customers choose compact models because they find digital SLR cameras to be “big, heavy, and difficult to operate.” The Micro Four Thirds System standard was established to meet this need by enabling the development of radically more compact and lightweight interchangeable lens type digital camera systems. The camera currently under development will be the first Olympus camera to comply with the Micro Four Thirds System standard, and interchangeable lenses that comply with the standard are also moving ahead. In addition, users will be able to mount existing Four Thirds System wide-angle, telephoto, and macro lenses on Micro Four Thirds System bodies via an adapter. Product name, launch date and retail price of an interchangeable lens type digital camera based on the “Micro Four Thirds System” are not determined. Olympus Imaging is also committed to the Four Thirds System, and will continue to expand its lineup of digital SLR cameras to satisfy a broad spectrum of customer needs. This includes the professional photographer, aspiring artist, hobbyist, and everyday consumer. Outline of the Micro Four Thirds standardThe Micro Four Thirds standard was designed and developed to maximize the performance potential of digital imaging technology, and to extend the benefits of the Four Thirds System standard for digital camera systems.
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