Casio today announced a new addition to its QV Digital Camera series, the new compact QV-R40, a 4 megapixel digital camera. The QV-R40 has 1-second power up time and a 0.01-second release time lag, according to the press release. The new camera features a high-speed telescoping optical 3X zoom lens and a high-speed startup control. The QV-R40 is priced at US$299.99 and will be available at retail in September.