The BioniCopter is the latest robotic marvel from German technology firm Festo, a company known for the creation of numerous devices that mimic wildlife including birds, jellyfish and penguins. Meant to mimic the motions of a dragonfly the BioniCopter is capable of flying in all directions including backward, and can also hover indefinitely in the same spot. Via Festo:

In addition to control of the shared flapping frequency and twisting of the individual wings, each of the four wings also features an amplitude controller. The tilt of the wings determines the direction of thrust. Amplitude control allows the intensity of the thrust to be regulated. When combined, the remote-controlled dragonfly can assume almost any position in space. [... ] This unique way of flying is made possible by the lightweight construction and the integration of functions: components such as sensors, actuators and mechanical components as well as open- and closed-loop control systems are installed in a very tight space and adapted to one another. With the remote-controlled dragonfly, Festo demonstrates wireless real-time communication, a continuous exchange of information, as well as the ability to combine different sensor evaluations and identify complex events and critical states.

Via Colossal