Helinet Aviation Acquires Shotover, Developer of World's First Ultra HD Aerial Camera System for Motion Picture and Television Production

Helinet Aviation Acquires Shotover, Developer of World's First Ultra HD Aerial Camera System for Motion Picture and Television Production PR Newswire LOS ANGELES, Dec. 13, 2012 -- Deal Reunites Team Behind Development and Worldwide Success of the Cineflex Gyro-Stabilized Camera System; Additional Investors Include Hollywood's Top Aerial Cinematographers David B. Nowell, ASC and Hans Bjerno LOS ANGELES, Dec. 13, 2012 /PRNewswire/ -- Helinet Aviation Services, a diversified flight services company, announced today the acquisition of Shotover Camera Systems, developer of the world's first gyro-stabilized camera system for shooting aerial footage in Ultra High-Definition, the next generation digital video standard announced earlier this year. Lightweight and compact enough to be transported as excess baggage by a single person, the Shotover system provides both 2D and 3D imaging capabilities and features a groundbreaking modular design that enables operators to utilize multiple camera and lens combinations depending on their needs. The New Zealand-based Shotover will continue to maintain its engineering and research facilities in Queenstown, New Zealand. Shotover company founder John Coyle, who led development of the new technology, will remain with the firm as general manager and second largest shareholder following the acquisition. Coyle was previously the founder of Cineflex, LLC where he created the first ever high-definition aerial camera system, the Cineflex V14.