Most lenses are "distortion corrected" because they assume they will be displayed on a flat surface. A little explanation for those not familiar: When you take a picture of a brick wall with your camera parallel to the wall, notice that the bricks on the edge of the photo are the same size as the ones in the center, even though the edge bricks are further away from the camera. This means more pixels are allocated per degree of view near the edge of the field-of-view than at the center.
An "uncorrected" lens is basically what we would call a "fish-eye" lens. Here (ideally) the same number of pixels are in a one-degree circle in the center of the field-of-view as are in a one-degree circle near the edge.
I don't think they would crow about just using an "uncorrected" lens either, so I'm going to guess that this is a "reverse-corrected" lens system where a one-degree circle in the center gets more pixels than it would at the edge. This would be the obvious approach if they want a good center crop but want to capture all the periphery as well.