EDIT: on second thought, that's not the case, because the HP memristor is not a memristor in the sense of the of the original paper describing it - it has nothing to do with the magnetic flux. It can only be described with the same set of equations, so, it behaves like a memristor, but is not "actually" a memristor that completes the set [2]. That is, if I understood the video correctly (but I think I did, as the speaker himself talked about a "trick" in the beginning of the video).
[1] https://www.youtube.com/watch?v=bKGhvKyjgLY [2] http://en.wikipedia.org/wiki/Memristor#mediaviewer/File:Two-...