Adobe Systems on Tuesday announced the release of a beta version 10.3 that offers a range of new tools such as a preferences pane for better management of settings like storage, camera and playback.

Earlier, users had to visit an Adobe-hosted settings webpage for controlling preferences privacy, storage, security and other settings.

The new version of Flash also converts Flash files to HTML5 so that they can be run on Apple’s iOS-based devices such as the iPhone and iPad. Apple last year refused to support Flash software on its iOS platform, saying the Adobe’s technology eats up battery life.

Thus, Adobe has introduced a new tool, called Wallaby that allows developers to change Falsh into HTML5. The Adobe Wallaby can also rewrite Flash elements into CSS and JavaScript. The Adobe Wallaby in part of company’s efforts to allow Flash developers to reach iOS devices.

Commenting on the Adobe Wallaby, Principal Product Manager John Nack at Adobe said, "Adobe's job is to help you solve problems, not to get hung up on one technology vs. another.”

Adobe Systems recently suffered another shock when Motorola’s Xoom tablet shipped without promised support for Flash.