Do they have a real, working prototype? Some of the pictures are obviously photoshopped. The only one that looks like it might be real is the one of the woman in the pool, but note that the device itself isn't wet or even very visible.
Maybe they have a space model but it doesn't look like they have anything working, let along waterproof. The only shot of actual hardware just shows the LCD with no real data. Getting all the sensors to work reliably, plus battery charging is going to be interesting. Would you trust these guys enough to strap a battery power device they designed to your wrist and submerge it in water?
We have some real working prototypes. There are two olympic swimmers using it to help us to improve the product. Please look the video at the link bellow to see they using the prototypes...
The injection mold of waterproof cabinet is already done and tested.
I cannot understand what you mean with "the only shot of actual hardware just shows the LCD with no real data"... All the features are already working, as you can see on the video. If you want any other amateur video, I can make it and send you.
On this first model, we are using a CR2450 litium battery, that is supplying the device for approximately 600 swimming hours. That is the reason to use MSP430 platform, by Texas Instruments. Recharging connector would affect the waterproof cabinet.