Yep, it's the new wallet by cake, and what it does is you are supposed to install it on a backup phone that you do not use, and that becomes your hardware wallet. Since something like a Pixel or an Android or an iPhone is a more general device, it doesn't look like you're buying a crypto hardware wallet. It does not have any internet or network permissions and transfers data between itself and cake wallet with live QR codes in order to sign transactions.