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Nice find.
When I looked about 6 months ago it wasn't available then.
I'm assuming technically this is just one of those addons that sits over the top of a standard barrel lock. There's been a few of these around for a while and by the looks of it they've just re-badged the Danalock ones and shipped it with a Ultion barrel lock. It will, at least, be secure but I agree with @Fabien it's ungodly fugly and the functionality isn't great. An interesting and viable option though.
As I mentioned in another thread the best looking/functioning lock I've seen is the U-Tek range (especially the UL300) but it's US centric and has zero security credentials so I would never install one. It's a shame as if they had any sort of recognised security testing I'd buy one in an instant even at £400.
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