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This holiday season every company is trying to make the most of the holiday buying spree that the commoners deluge into.

Keeping this in mind Lumenlab has introduced Evo Projector V1 in the market for the home theater use.

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A sub $500 projector has 600:1 contrast ratio and 1,000 lumens of light output. A good low cost solution as 854 x 480 resolution makes it ideal for DVD and standard definition content but hi-definition content will be a bit too much for it.

The company is also throwing in a $30 projector bulb and a one year warranty with this $499 projector. The company will be shipping it free in continental U.S.

Via: Engadget