This sounds like a retooling of the dessicant air dryers [0] that have been used for years in industrial compressed air systems.
[0] https://en.m.wikipedia.org/wiki/Compressed_air_dryer#Desicca...
[0] https://en.m.wikipedia.org/wiki/Compressed_air_dryer#Desicca...
They're using vacuum to dry the desiccant; the mechanism to seal the two chambers well enough to pull a vacuum seems like a high failure point.
I was skeptical but had missed that bit!