Another variation on the basic Imperial box camera, giving 4×4 cm images on 127 film. The Satellite 127 has a switch for Color vs. B&W. The latter setting moves a smaller aperture stop into place behind the lens.
It is unclear whether the “improved” Imperial Satellite II, has any functional differences, beyond its cosmetic changes to the front panel, and the addition of a metal trim ring around the lens.
~Description courtesy of Camera-Wiki