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Olympus has utilised the stage of this year’s Photokina trade show to announce development of a ‘world first’ new compact camera.

The imaging giant has made public the development of a ‘flagship’ digital camera that will, for the first time, incorporate a lens from the critically acclaimed Olympus ZUIKO lens system.

Although the camera is still in the early stages of development, with the finished product not due on sale until the first quarter of 2011, visitors to this year’s Photokina will have the chance to view a mock-up of the forthcoming camera.

In addition to the integration of ZUIKO optics, the new camera will feature an accessory port compatible with existing accessories from the PEN EP-2 and E-PL1 cameras.

Further information on the compact has yes to be revealed, but stay tuned to for more information as and when we receive it.