The first Kodak-branded compact system camera, the S1, will adopt the micro-four-thirds format and is due out in the third quarter of this year.

Olympus and Panasonic, which jointly announced micro-four-thirds in 2008, today confirmed that Kodak-branded camera maker, JK Imaging, is among several companies to announce their recent support of the format.

‘We are pleased to announce that five more companies have recently declared their support for the standard and will be introducing products compliant with the micro-four-thirds standard,’ reads a statement posted on Olympus Japan’s website.

The other firms include providers of video equipment.

News of Kodak’s plans for a compact system camera first emerged at CES earlier this month, in an interview with Amateur Photographer (AP).

A spokesman for California-based JK Imaging – which will make the camera under licence from Kodak – today told AP that technical details for the S1 are not yet available, as the camera is still under development.

The S1 went on show at an event in China at the end of last week.