While I don't know all the detailed history of this UFB, it is not a brommie wannabe... it is meant to be quite a big improvement. Check out the reduced weight, the widened rear dropouts to accept a road cassette, a derailer hanger, cable guides & stops, a front derailer, v-brakes etc etc. Not a brommie wannabe, but what the brommie should have been all along.

So what we are seeing here, is a very very good folding bike in-the-making, with the brommie as the starting point, instead of the destination.