Given that the main idea behind the product is to produce light without any standard energy sources, and not "a new bug repelling lamp!", I would give them the benefit of doubt. Also, the people behind the lamp are regular designers, not a big company which had all the time and energy to verify everything in the article.
Note: I respect your catch. I'm not promoting such misstatements in promotion videos, but the word "lie" is farfetched. Too harsh. Especially with all the other bashing going on here.
[1] http://www.energycircle.com/blog/2009/06/16/newsflash-leds-d...
[2] http://www.energycircle.com/blog/2011/08/17/correction-led-l...