It's hard to tell precisely what Modu is from the few glimpses we see of it, but it would appear to be some kind of module that docks into various other devices.
One thing that did catch my eye is what appears to be a very crisp display ... if only of what appears to be time.
According to this article on Tech Crunch, the company "advertising" it was originally named "Infone Tech", which tends to imply it's some kind of communications-enabled gadget.
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