This system would probably have to be far better than 99% to be helpful. If customers test (say) a hundred thousand tags per day, we might suppose that 99% accuracy means a thousand false alarms per day. If users get suspicious and return their genuine devices upon seeing a false alarm, that's a huge cost, even without any fakes at all. Reporting "99% accuracy" allows a worrisome amount of luck into a system marketed as "tamper-proof."
Let's compare to biometric verification. Apple's TouchID claims about 1 false accept among 50,000 fake fingers (FAR=0.00002) with false rejection rates (FRR) hovering around 2%-10% or so. Even though this averages to worse than 99% "overall accuracy," it makes sense for a fingerprint matcher because the genuine user gets to retry their finger a few seconds later, so high FRR isn't a problem in practice. On the other hand, it may be better for these tags to trade off a higher FAR for a lower FRR.
I'm also worried by the article's claim that terahertz waves "travel much faster than radio waves." The speed of light doesn't depend on its frequency.