It's a external USB attached floppy drive controller that uses a normal PC floppy drive.
It reads the raw disk stream and software then decodes that for whatever disk format it was. It seems old Mac disks can be recovered with it:
https://www.kryoflux.com/?page=home http://forum.kryoflux.com/viewtopic.php?t=135
Apple got Sony to make cav drives, (MacIIx and SE HD to the 9600 )and when they raised the price, no floppy. Sneaker net was over until USB drives became cheap.
One disk on archive that is unrecoverable is Adobe Type Manager. The areas where the fonts are is corrupted, but the data is available elsewhere, but the program isn't.
Now it sits in the cloud ( someone else's hard disk ) in a corrupted state. Wish I had an SE 30 to restore the disk, and put it's compressed image up as a replacement.
It does not show how kryoflux assists in recovery. They can be archived, and preserved, but not recovered. ( Just try the 800k ATM disk on archive.org )
Or you can get something like a Greaseweazle[1] and go that route if you want to do more advanced extraction.