Fly Labs has scored another award: their iPhone app Tempo was named one of Time Magazine's Best 5 iPhone Apps of the Week. Tempo, billed as the ultimate app for SlowMo & Timelapse, "gives you just enough control to make your clips more interesting. You can select parts of your video clips and edit them either to speed up or slow down playback by varying degrees" while they play in real time.
Fly Labs was founded by CEO Tim Novikoff (Cornell PhD '13 in applied mathematics), who teaches iPhone programming at Cornell in his spare time.