I knew someone who had one in london - a swedish student. It was made in Sweden c 1988, by a couple of design students who turned it into a business. It folds to be long & thin and is reasonably light - folding is based on 6 clever joints in rubber covers which give a sort of concertina fold. His bike wore out in a year and the frame became very wobbly - it was ditched. The very small wheels (12" from memory) seemed abit too small so the handling took abit of getting used to, along with only 1 rear back pedal brake.
That was a long time ago and before skate boards/skooters with even smaller wheels became popular. I would imagine it would now make a good 'short hop' folder as long as you are not too heavy or rough with it. The long thin folded shape is very useful on public transport ....... like umbrellas.
I liked the belt drive - shared with the Strida and nice and clean.