6 months ago
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GlobalData
Mon, Apr 14, 2025, 1:28 PM 1 min read
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Boumarang has acquired Wavedrone maritime drone exertion from Shore House IVF, a exertion steadfast successful the Faroe Islands.
Wavedrone is an autonomous drone level designed for maritime environments, susceptible of some supra and subsurface filming.
The level aims to tackle challenges successful marine observation, hunt and rescue operations, and biology monitoring.
The acquisition, valued astatine $3.5m, was completed done the issuance of Boumarang communal stock.
This woody represents a strategical determination for Boumarang arsenic it expands its operations from aerial to maritime applications.
The summation of Wavedrone allows Boumarang to broaden its services to see respective cardinal areas, specified arsenic biology monitoring, media and entertainment, hunt and rescue, and aquaculture.
Shore House IVF manager Danial Hoydal said: “This acquisition aligns with our ngo to pb successful autonomous, sustainable solutions. Boumarang’s imaginativeness and capabilities presumption Wavedrone for accelerated commercialisation and planetary deployment.”
In a related development, BioKey International has invested successful Boumarang by acquiring 5 cardinal shares successful speech for 20% of its issued and outstanding shares.
The concern aims to amended Boumarang’s fiscal lasting and visibility portion providing BioKey with entree to Boumarang’s advancements successful drone technology.
In August 2024, Trust Stamp partnered with Boumarang to integrate the its AI technologies, including machine imaginativeness and information tokenisation, with Boumarang's hydrogen-powered unmanned aerial conveyance (UAV) systems.
Trust Stamp granted Boumarang a non-exclusive licence to usage its AI technologies with hydrogen-powered drones for a one-time interest of $5m, paid done pre-paid communal banal warrants, allowing Trust Stamp equity information successful Boumarang.
"Boumarang acquires Wavedrone to heighten maritime drone capabilities" was primitively created and published by Ship Technology, a GlobalData owned brand.
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