You sure it was this pistol and not the fingerprint one?I saw this gun on Forgotten Weapons about a week ago. According to Gun Jesus this particular gun and company are not so much intended for gun people as it is tech people (nerds) who feel like they need some type of handgun but they're overly concerned about securing said handgun.
Yeah I wouldn't buy one either but I get the market segment they're going for. But yeah, batteries onboard electronics etc. No thanks. Not everything has to be "Smart."
Ultimately it's a great idea and may eventually work out. Biggest concern is obviously reliability, hence why nothing like this has ever come to market or been used on any scale.