The leading developer and provider for advanced Nano-LCoS (liquid crystal on silicon) systems, AAXA Technologies has announced the launch of its new AAXA L1 v2 Laser Pico Projector (the successor to AAXA L1 – world’s first laser-powered pocket-sized projector), which the company claims as the world’s smallest 20 lumen pico projector, combining a revolutionary 20 ANSI-Lumens 3-color laser light source and native SVGA (800 x 600 pixels) resolution with up to 90 minutes of battery life.

“Additional features include a powerful media player capable of decoding of video (AVI, ASF, WMV, MPG), audio (MP3, WAV, AAC), images (JPG, GIF, PNG, BMP), and popular document formats (DOC, XLS, PPT, PDF), onboard memory, and a USB port capable of reading files directly off a standard USB thumb drive.”

AAXA L1 v2 which measures 4.2 x 2.1 x 1.2 inches and weighs just 170 grams (with battery) is scheduled to hit the market starting December 1, pre-order is now available for a MSRP of $399 at AAXA’s official site .