Correct. Audioquest's Garth Powell was the guy at Furman behind their SMP "Series Multi-Stage Protection" surge protection. They were sued and prevented from calling it "Series Mode" protection.
He brought it over to Audioquest. In reality, it's 2 small MOVs shunting to neutral before the surge gets to a small inductor. The over-voltage relay only protects 1 of the 2 MOVs, and the first MOV also lacks a thermal fuse, so you'll never know whether or not it's still functional. Once the 2 small MOVs inevitably take enough hits, the until has to be replaced. How on earth they call it non-sacrificial surge protection is beyond me.
All in all, it's a jack of all trades master of none surge protection. The over-voltage relay is it's best feature by far. It has barely any series mode protection, and only a couple MOVs. You're better off getting a proper MOV-based surge protector with lots more of them and proper thermal fuses. Same goes for series mode protection, you need a much larger air core inductor that won't get saturated as quickly.
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SurgeX (This model also features inrush current elimination)
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