According to this guy's LinkedIn profile, www.linkedin.com/in/vaksambath, he is the CTO/CPO of Deka which recently ran an unsuccessful indiegogo campaign, http://www.indiegogo.com/projects/deka-the-most-customizable.... Interestingly, Michael Sawitz of FastStart.studio who has been mentioned on this thread, commented on the indiegogo campaign! I must admit, this is all very interesting and I am intrigued.
Also, I cannot believe someone would seek $100000 for developing Bluetooth headset (as in indiegogo campaign), but just $50000 for a smartwatch development (as in kickstarter), especially someone who claims to have spent $500000 already for R&D!
Also it is very interesting how the story keeps changing. First version was that they developed the watch from scratch and a Chinese company stole their IP. Now the story is that they never developed any hardware, but only worked on the software. However they cannot even show any software properly working on a prototype.
I fail to understand how kickstarter has still left it open. Now the guy is saying that since kickstarter is allowing him to go on, his is a valid project.