What's cool about the history of helicopters is that people immediately recognized the ability of a helicopter to save lives, and then they promptly started doing so. The first helicopter flight was 1939,and the USCG's first life saved with a helo was 1944 with the delivery of blood plasma. So who knows, maybe this will pan out and with a few years folks with start saving lives with this technology.
I don't want to say that there isn't any application of this tool in a Sar role, but I don't think that this tool is any better than what organizations currently have available. It isn't a game changer, and it isn't going to save lives that would have otherwise been lost. If you wanted to save lives of hikers, you'd spend $400k on personal locator beacons and let people snag them at a ranger station for their hike. That would save more lives than a fancy suit I bet. While I can see there is a scenario where first responders say "wow I'm glad we had the jet pack in the back of the truck" I don't see it being worth the effort to get an agency to the point where every truck and crew has that capability without sacrificing any other capability.