Sounds like a gimmick to me.
I am in the WasteWater Field.
Guess what, they test the same way we test our water but with equipment that cost thousands of dollars.
We have a Nitrate probe, its about 20 inches long and 5 inches wide, it cost 17k, thats only the probe cost.
I have seen one equipment that can test many type of parameters, and they cost in $50k.
They take water out of the system, dose it with certain chemicals using Titration methods they calculate a number.
The thing is that water is taken out of the system and discarded automatically. Not practical for home reef aquarium, we would lose to much water for continuous monitor use.
Please name one test that we do that does not need a known secondary chemical to figure out its value?
I do the first and easy one, index of refraction, method we use for salinity value.
Sorry guys, there is a reason why we make pretty colors when we sample our water.
Till someone design a molecule detection machine, we stuck with playing with color.