Flying robotic Dragonfly built by Festo

What you see in the picture is  a robotic Dragonfly. It can fly forward, backward, up and down and it can even hover its wings. It is been developed by German robotic company Festo. It is called bionicOpter and, it is controlled using a smartphone---iPad, iPhone.
The company said it will unveil the device at this month Hannover Messer trade show.