Audio visual products manufacturer NEC has announced it is launching its most affordable new projector ever.

The company has released details of the V302H projector, which will be the company's first 1080p projector to go on sale for less than $1,000 (£635).

NEC's new 3,000-lumen projector has Dual HDMI inputs to provide connection to HD data and video sources, as well as horizontal and vertical keystone correction.

Bob Guentner, senior product manager of projectors at NEC Display, explained that the device will be ideal for organisations desiring full high-resolution for their applications.

He said: "Price-conscious K-12 school and corporate customers will enjoy bright, accurate data and video content in their meeting rooms and classrooms."

NEC's new V302H projector has features such as one-touch source changes and complete menu control, as well as easy-to-use network management. Users can control the device from any PC or Mac device.

Eco mode is also included on the projector, extending the lifespan of the lamp up to 6,000 hours, while it also reduces the noise output from the device and reduces maintenance costs.

The release of the V302H projector by NEC comes shortly after the company announced the launch of its new U321H ultra-short-throw projector, which the firm said boasts "razor-sharp display of graphics, text, images and videos".