English press story at http://www.damngeeky.com/2013/12/11/16246/unbrella-solves-th...
Minor marketing fail that while the Kazbrella solves the 'brush against other people's pants' problem, it doesn't solve the 'drip water on the floor problem', yet the promotional video implies it will.
[0] https://www.youtube.com/watch?v=phdeprKdVwU [1] https://www.youtube.com/watch?v=4BLYLrdOXe8
the normal double fold umbrella (not sure how it is called) has similar mechanism, the difference is that it double folds which makes the folded umbrella smaller.
https://www.google.it/search?q=double+fold+umbrella&source=l...
What do you mean? From the video it seems pretty clear that it does. With a regular umbrella there's no way to carry it without dripping water; with this one, the water's on the inside, so you can carry it without dripping.
Of course you still need to dry it out somehow, e.g. let it drip into a bucket; that part of the video is probably misleading.
What makes you think the video is faking it?