Pretty much what Dan said.
There are serious academic engineers behind this, and I first spotted them years ago when they published their first paper. The initial research was funded by the Pentagon, and early prototypes incorporated a battery charger. Clearly, squaddies do carry heavy loads at speed, and making this safer and more efficient would be attractive to the forces. But it seems that the army rejected the idea at quite an early stage, which suggests they didn’t see the benefits claimed. So the developers are having to resort to crowdfunding.
As well as the weight and rigidity of the frame, the mechanism shifts the load back from your body adding yet more inefficiency. At more reasonable loads and speeds it’s difficult to imagine that the benefits would outweigh the costs.
And a number of engineers in the comments pointed out that damping systems have to be tuned to a particular harmonic. But this will be disturbed by variations in the weight of the pack, the degree of forward lean and by uneven gait on broken ground. How does the damping system adapt? What if you are jumping from rock to rock, for example? If the harmonic of the damping system gets out of phase with your stride, it could throw you off balance. This is a significant safety issue which they don’t address in their sales pitch.
Seems like a solution looking for a problem. They may prove us wrong, but I doubt it.