It uses the EMOTIV platform. According to the blurb on the neurogadget website:
NEUROTiQ turns brain activity into colorful lights that correspond to specific brain states according to the followings:
The company producing this item, Sensoree (http://sensoree.com), promotes "extimacy" (externalized intimacy). You can literally wear your emotions with a variety of their "artifacts" (products).
The company even has an entrainment meditation application (http://sensoree.com/artifacts/thetavision-instant-meditation/).