Panasonic has released the DMC-LS5 budget compact camera. The LS5 takes AA batteries and features a 26-130mm equivalent F2.8-6.5 lens with optical image stabilization. The camera is built around a 14.1 megapixel CCD sensor and can shoot 720p30 HD video in the Motion Jpeg format. We don't, as yet, have details of pricing or availability.

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Press Release:

PANASONIC ANNOUNCES EASY-TO-USE DIGITAL CAMERA WITH 26MM WIDE-ANGLE F2.8 LENS, IDEAL FOR LOW-LIGHT SHOOTING

The LUMIX LS5 Shoots 720 HD Video and Runs on AA Batteries

SECAUCUS, NJ (July 21, 2011) – Panasonic today announces a new 14.1-megapixel LUMIX DMC-LS5 digital camera that features a high-quality 26mm wide-angle, 5x optical zoom lens. With an incredible F2.8 lens and Optical Image Stabilization, the LUMIX LS5 excels in taking clear photos, even in dimly-lit situations. The LUMIX LS5 also features 720p High Definition video capabilities and runs on AA batteries, perfect for the user who is looking for added convenience.

“The LUMIX LS5 is the ideal digital camera for an entry-level user who wants an extremely easy to use digital camera that does not sacrifice image quality,” said David Fisher, Product Manager, Imaging, Panasonic Consumer Electronics Company. “With top-quality features like HD video and an F2.8 26mm wide-angle lens, the LS5 is giving consumers exceptional performance and value, while being easy-to-use and convenient. By adding a LUMIX model that runs on AA batteries, we are mindful that consumers have different needs and preferences.”

To further its ease-of-use, the LUMIX LS5 features Panasonic’s popular iA (Intelligent Auto mode), which automatically engages the following features, without the user making any setting adjustments:

  • O.I.S. (Optical Image Stabilization) – Helps reduce blur caused by a shaky hand
  • Face Detection – Finds human faces to give appropriate focus and exposure
  • Intelligent Scene Selector – Detects the environment and sets the best shooting parameters based on Portrait, Scenery, Night Portrait, Night Scenery and Macro

The new LUMIX LS5 records HD video in 1280 x 720p at a smooth 30 fps – which is ideal for viewing on a High Definition Television. Users with a VIERA® HDTV, can simply remove the SD Memory Card from the LUMIX and insert it into the built-in SD Memory Card Slot on the VIERA HDTV to enjoy HD videos and photo slideshows.  The LUMIX LS5 can also record video in standard VGA (640 x 480) and QVGA (320 x 240).

The Panasonic LUMIX LS5 will be available in black in November 2011. Pricing will be announced approximately 30 days prior to shipping. For more information about Panasonic LUMIX digital cameras, please visit: www.panasonic.com/lumix.