Never heard about this wallet, but the domain is created last year and the expiration date will be March 04, 2023.
The design looks like a wristwatch and according to the website this vault is built with ASIC chip.
Anyway, I was searching on google, but I couldn't find someone that telling that this new wallet device is scammed and this is the only thread that I found telling that this device is fake and scam.
If you believe that this device is fake and scam better to investigate it and bring a real proof here and discuss it in their official thread here
https://bitcointalk.org/index.php?topic=2706485.0 or make a new thread in scam accusation with your proof so that the other forum members are aware about this scheme.