Canon has issued a press release on a couple of hot new lenses. Once I learn more I’ll be sure to pass it along. For now, check out the following press release:

LAKE SUCCESS, N.Y., October 15, 2007 – Canon U.S.A., Inc., a leader in digital imaging, today announced the development of two all-new telephoto lenses for use with its EOS SLR cameras: the EF200mm f/2L IS USM*/** and the EF800mm f/5.6L IS USM*/**. The Company will exhibit prototypes of the new lenses at PhotoPlus Expo (booth #318), taking place at the Jacob K. Javits Convention Center in New York City, October 18 to 20.

The new Canon EF200mm f/2L IS USM and EF800mm f/5.6L IS USM, both of which are L (luxury)-series lenses incorporating a high-performance Image Stabilizer, feature optical systems utilizing special optical materials such as fluorite to correct chromatic aberrations, making possible high-resolution, high-contrast shooting performance.

The Canon EF200mm f/2L IS USM, targeting users who seek a brighter lens for portraiture and indoor sports photography, realizes a large aperture of f/2. The EF800mm f/5.6L IS USM, expected to deliver telephoto performance surpassing the current top-of-the-line EF600mm f/4L IS USM super telephoto lens, is being developed in response to requests from users working in the fields of sports and news photography who are looking for a high-performance lens that offers a longer focal length.

“These new lenses demonstrate that Canon is continuing to respond actively and flexibly to the wide-ranging needs of professional and advanced amateur users, with the aim of contributing to the expansion of photographic possibilities for SLR cameras,” said Yuichi Ishizuka, senior vice president and general manager, Consumer Imaging Group, Canon U.S.A. “Canon’s EOS System is the premier brand of Digital SLR cameras, and we take great pride in offering the world’s largest selection of interchangeable autofocus lenses.” ***

As these new lenses are currently under development, pricing and availability information is not yet available.

About Canon U.S.A., Inc.

Canon U.S.A., Inc. delivers consumer, business-to-business, and industrial imaging solutions. Its parent company, Canon Inc. (NYSE:CAJ), a top patent holder of technology, ranking third overall in the U.S. in 2006†, with global revenues of $34.9 billion, is listed as one of Fortune’s Most Admired Companies in America and is on the 2007 BusinessWeek list of “Top 100 Brands.” To keep apprised of the latest news from Canon U.S.A., sign up for the Company’s RSS news feed by visiting www.usa.canon.com/pressroom.

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* This device has not been authorized as required by the rules of the Federal Communications Commission. This device is not, and may not be offered for sale or lease, or sold or leased, until authorization is obtained.

** A Product Report required by 21.C.F.R.§ 1002.10 has not been submitted to the United States Food and Drug Administration for this product. This product is not, and may note be, offered for sale or lease, or sold or leased, until the required report has been submitted.

*** As of October 15, 2007

All referenced product names, and other marks, are trademarks of their respective owners.

Specifications and availability are subject to change without notice.

† IFI Patent Intelligence, January 2007.