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As far as I'm aware it's a similar price to screwdrivers of similar quality. Much cheaper options exist but I wouldn't call them "nearly the same".

LTT themselves said they worked with Megapro to make a slightly modified version of their screwdriver. The original is $33.

They licensed the required patents from Megapro, but the internals of the screwdriver are bespoke and higher quality than the Megapro equivalent.