with this sensor the printer can adjust the z axis in real time if the bed plate is not flat in every point,also no need to do probe points before every print.not only the plate not flat itself but also the high and uneven temperature will also cause the plate to expand and contract.
you can do mesh bed leveling like normal proximity sensor but much faster with this sensor, because it's no z axis down and up at every probe point.so you can do more probe points in short time.
Distance resolution:0.01mm
Operating Range:5mm
Repeatability:+/- 0.005mm
Communication port: I2C
Connection| only 4 wires: GND,5V,I2C_Data,I2C_Clk
Calibrate:
Send gcode M102 to Calibrate, we need to calibrate this sensor before first use or the bed plate have been changed to different materials, Because different metal plates are made of different materials, they may have different electromagnetic properties. normally this process will take about within one minute in 3D printer
Here is the data diagram of this sensor, we can see that the distance resolution can be 0.005 to 0.01mm below the 5mm


I have to ask has anyone gotten one of these yet. It looks awesome but I have to say I am getting some scamy vibes from this since this has been around almost a year and I can't find any reviews or confirmation that this is a real thing. If someone could confirm they have this and its working as expected or post a video I will for sure buy it but until than its just a dream.
So I have to take back what I have said with my post above. I found that he has a facebook group and many people are asking questions and helping each other with the setup of this. This means that it is for sure real and people are getting the device.
3D printer board,Panda series