CRISPR refers to the kind of DNA site that can be targeted for cleavage, while CAS9 is a protein that, paired with an RNA matching that site, can cleave wherever it encounters a matching sequence.
I think these guys are pairing a variation of the CRISPR approach with a laser. They pre-bond with the DNA, but the actual cleavage occurs when they shine a laser at the right frequency at the site. That lets them decide when and where on the DNA strand cleavage happens.
If anyone understands this better than me, I'd appreciate any corrections to my explanation ;P