Panoscan Inc. Introduces MK-2 Digital Panoramic Camera

FOR IMMEDIATE RELEASE

PANOSCAN INC. INTRODUCES MK-2

The Next Generation of Digital Panoramic Cameras

Boulder, CO (October 2002) –Panoscan, Inc., a Los Angeles based manufacturer
of ultra-high-resolution digital panoramic camera products, today announced
the introduction of their all new, Panoscan MK-2 panoramic camera system,
and their strategic partnership with digital camera manufacturer, Better
Light, Inc. The MK-2 is being demonstrated here this week at the QuickTime
VR Association's Summit in the Rockies.

When the MK-1 was introduced in January of 1999, it was immediately
recognized as a breakthrough for VR digital panoramic photography. The MK-1
featured no-stitching technology, high resolution, and a flexible
architecture that made it possible to use wide angle lenses. The     MK-1
was almost universally embraced by auto manufacturers, who saw it as the
ideal tool for capturing auto interiors in high resolution. Law
enforcement agencies are using the MK-1 for a variety of
applications including high resolution crime scene capture and virtual
walkthroughs of public places, like schools, for emergency response
preparedness.

The MK-2 is the next generation of panoramic camera. Heading an impressive
list of innovations, are Better Light electronics built-in, and their
user friendy Viewfinder 5 operating software. This superior combination
of, Better Light electronics with Panoscan engineering allows the photographer to capture images in situations that have not been possible before.

The MK-2 is up to four times faster than any digital panoramic camera in the
world, with a capture rate of up to 194 million pixels per minute. This
feature allows the capture of people in motion, which makes it a powerful
tool for event documentation and tourism, for example.

An ISO of 1600 and beyond, even at full resolution settings, makes the new
MK-2 up to four times more light sensitive than any other panoramic camera,
digital or film. This impressive capability makes it possible to shoot in
both very low and very bright light situations. This feature is
particularly valuable in crime scene capture, where lighting is seldom
ideal.

Other all new features include an automatic black calibration shutter, that
allows the camera to be operated in hostile and/or limited-access
environments, and it also features an automatic 4 zone white balance for
more accurate capture of changing light throughout the panorama. The MK-2
uses superior Mamiya medium format lenses, for extraordinary sharpness. A
new, more powerful drive, allows for operation in any position. (Even
sideways.)

The new MK-2 features a battery system for up to 4 hours of use, a rugged,
customized travel case, and a modular architecture for easy upgrades.

"In designing the MK-2, we have tried to address the needs of our customers.
They wanted to freeze action in busy environments and they wanted to capture
in difficult lighting conditions with greater latitude. At the same time,
they wanted us to maintain Panoscan's flexibility and industrial
durability," says Panoscan President and the designer of the MK-2, Ted
Chavalas. "We are proud to have achieved these goals and more."

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About Panoscan Inc.
Panoscan, a Los Angeles-based manufacturer of high-resolution digital
panoramic camera products uses a combination of proprietary hardware and
software to produce fully digital panoramic images which require little if
any post production. The Panoscan System allows real-time viewing of scanned
images as still photos or Quicktime or Java enabled virtual reality movies
-- representing a breakthrough in speed, quality and ease of use for
immersive panoramic imaging.

About Better Light, Inc.
Better Light digital scanning backs are used throughout the world in diverse
applications for commercial, advertising, art reproduction, industrial and
scientific photography. The company is respected as the worldwide leader in
large format digital capture, creating images with clarity and detail that
surpass 8x10 transparency film. Better Light's award-winning technology
captures delicate gradations, crystal clear highlights and perfectly neutral
color to assure trouble-free post-production and printing.

More information about the company and its innovative products and
applications can be found at www.panoscan.com.

Panoscan, Inc.
Casey Coss
818-908-4641
info@panoscan.com




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