Boumarang Expands Drone Lineup with Wavedrone Acquisition
Key Ideas
  • Boumarang, a hydrogen-powered drone leader, acquires Wavedrone platform for aquatic operations, showcasing commitment to sustainability.
  • Wavedrone offers dual filming capabilities above and below water, catering to marine observation and search operations with modular design.
  • BioKey's investment in Boumarang through a strategic equity swap highlights the growing interest in hydrogen-powered drone technology.
  • Boumarang's expansion into aquatic applications signals a shift towards addressing environmental, entertainment, and emergency response needs.
Boumarang Inc., known for its hydrogen-powered autonomous aerial drones, has expanded its capabilities by acquiring the Wavedrone platform from Shore House IVF, based in the Faroe Islands. This acquisition aims to enhance Boumarang's position in the autonomous, sustainable solutions market. Wavedrone, designed for aquatic environments, offers unique above-and-below-surface filming capabilities and versatility. Boumarang's focus on performance and sustainability aligns with the growing demand for hybrid and water-based drone solutions, with predictions of the global drone market exceeding $100 billion by 2030. The company's multi-purpose AI-driven robots cater to various sectors, from commercial to military, showcasing versatility and stability. Boumarang's integration of Wavedrone allows the company to venture into aquatic applications such as environmental monitoring, media and entertainment, search and rescue, and aquaculture. The strategic acquisition led to a $3.5 million investment in Boumarang by BioKey International, strengthening both companies' positions in the autonomous technology sector. The partnership not only boosts Boumarang's capitalization but also provides BioKey with exposure to cutting-edge hydrogen-powered drone innovations. Boumarang is now seeking partners and investors interested in exploring Wavedrone's potential, offering demonstrations, prototypes, and partnership opportunities. This move signifies a shift towards addressing environmental, entertainment, and emergency response needs through innovative drone technology.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2025 AdvanceH2, LLC. All rights reserved.