Ricoh has released its latest GR Digital III camera equipped with a faster image processing engine, a CCD sensor and a 28mm, f/1.9 GR lens. The camera also has a 3-inch VGA LCD monitor with a wide-viewing angle and can display up to 81 thumbnail images on a single screen.

The new large-aperture lens is designed to have a faster shutter speed to allow for high-quality macro images. Using enhanced noise reduction technology and processor speed, the GR III has increased 10-megapixel resolution, tone characteristics and saturation. The new high-sensitivity CCD sensor has increased the quality of low-light scenes.

The new GR Digital III has an estimated selling price of $699.