International technology company Philips has developed a new ultra short-throw projector with an affordable price tag.

With a list price of $1,799.99, the Philips Screeneo is not only an affordable entry to the growing short-throw market, but it is also the first of its kind to run on LED technology.

The Screeneo projects images at 720p, the entry point for HD, but also supports 3D images. The projector is also capable of projecting an image of between 50 and 100 inches, depending on the projector's distance from the wall.

The short-throw device supports a number of connections, including Bluetooth, Wi-Fi, DLNA, USB and HDMI, as well as SD cards via integrated slots. This enables the projection of images from a variety of devices, including Blu-ray players, games consoles and video-sharing websites.

Running via Android technology, the Philips Screeneo has 4GB of internal memory and includes Miracast technology, allowing users to wirelessly stream content from mobile devices.

For those seeking surround sound, the Screeneo offers an onboard digital optical connection, enabling connection to a surround system. However, the projector does includes internal speakers and subwoofer, enabling Dolby Digital 2.1 stereo sound, which is ideal for home theatre use.