The lens which is a 28mm is set at F/11 and shutter speed is around 1/125th of a second. The camera is not really a panoramic but instead internally using about 40% of the center of the 35mm film resulting in an extreme crop to the image to give it the look of being panoramic. Upon research of the camera I found out it originally came free with a subscription to Time magazine that had these types of promotions often. Also most of the images seem to be the sharpest in the middle and become softer as it moves towards the edges. Made in China This camera has a built in lens cover, picture counter, panoramic view finder, film advance thumb wheel, rewind release button, rewind fold out leaver, and a handy carry strap.