If you're referring to the first application on the website[1], yes, it does mention error correction for digital storage. However, TFA refers to an entirely different application. Also, the paper linked to somewhere below suggests that it is some kind of analog computer on chip. Which is amazing, because it's pretty difficult to get high densities and still preserve low noise levels.

[1] http://www.lyricsemiconductor.com/products.htm

It would seem that they have reinvented the analog computer, but this time entirely on a chip. And probably (hopefully) with some logic that prevents errors due to natural processes like capacitive coupling.