Hey Frank,
It does use some similar principles to the Aqueon. I saw one and spoke to the designer at Surf Expo in 2004, a Chinese engineer based in Toronto as I recall. It is an interesting gadget.
Based on the following integration with LWD boards, I think he might be getting out of control, though. Too much green tea perhaps.
The foils are tied into the board by small passive suction cups?! You know the kind you secure those tiny hummingbird feeders to your window with. Would be interesting to try though, at least before ripped free from the foils.
http://fksa.org/showthread.php?t=4374