Panasonic ( has announced a new digital interchangeable lens system camera, the LUMIX DMC-GF5. It will be available in black, white and red later this year in the following kit options:  a body with 14-42mm standard zoom lens will have a suggested retail price of $599; body with 14-42mm power zoom lens will have an SRP of $749. 

The LUMIX GF5 features a newly developed 12.1-megapixel Live MOS sensor and redesigned Venus Engine, helping to ensure true-to-life images through exceptional resolution, image rendering and color reproduction, according to   Christopher Rice, Senior Product Manager, Imaging, Panasonic Consumer Marketing Company of North America. Even in low-light situations and at a maximum 12800 high ISO sensitivity, the LUMIX GF5 produces stunning photos and videos, he adds.

The noise reduction system includes a combination 3DNR (3D Noise Reduction) and MNR (Multi-process Noise Reduction) allowing for both bright areas and dark areas to be faithfully reproduced with minimal noise in high sensitivity image recording. The LUMIX GF5 features a compact, lightweight body with built-in flash.  A rubberized grip makes it easier for users to comfortably hold the camera in one hand, says Rice.