I just tested it briefly. It's yet another antivirus using Avira signatures. Just about all new antiviruses relying on third party signatures are using Avira signatures (although detection rates vary slightly from one product to the next), so it's not surprising. It's a very basic antivirus, which relies solely on local signatures and cloud detection, with no behavioural protection as far as I can tell.
Without any behavioural protection, it's definitely not worth using, just like the various other Avira based antiviruses which also lack this. The following are a few examples of such antiviruses.
- PC Protect/Scanguard/Total AV
- ITL Total Security
- MajorAV
- WardWiz