It doesn't look like it. I've use the 'Loc8tor' for keeping track of my cats and dogs. It provides directional (arrows) as well as distance (sound) information up to about 600'. The same company has other products that work from further distances, but not as precise.
For tracking devices, the genre falls into LBS, or Location-Based-Services. LBS devices generally have some type of transceiver (I've developed many; from GPS to WAN-cellular, to RFID and even ZigBee protocols), and then the big kicker: a significant battery for the transceiver. All this adds up to a relatively larger volume than what is depicted in this device shown, which I liken more to a collection of sensory collectors.
In our third annual contest, Design News and Allied Electronics are going to crown a winner in early 2016 for the best reader gadget submission this year, and once again, you, the readers, are the judges!
Focus on Fundamentals consists of 45-minute on-line classes that cover a host of technologies. You learn without leaving the comfort of your desk. All classes are taught by subject-matter experts and all are archived. So if you can't attend live, attend at your convenience.