No they didn't.
They actually found the (well known) way to hide their RAM usage. Windows provides a simple API that pushes all non-used RAM data to the pagefile (like a memory file on the harddisk, google it). It's actually one line of code and the visible usage goes down from several hundred megabytes to about a dozen. That looks neat, but has a downside: The harddisk is by far not as quick as RAM. That means when the signatures are needed, the harddisk first has to read all data back to memory. Depending on the age of your hardware that may be a significant period of time and you will notice poor overall system performance. On a newer hardware, the difference may be neglectable.
In Emsisoft Anti-Malware you have full control over this 'feature'. If you enable the setting "Memory usage optimization", the pagefile is used and visible RAM goes down by time to less than 1 MB. If you disable it, more RAM is used but the overall performance of the PC will be best.
RAM is to be used to get most of the hardware's power, not to be kept free as much as possible. Actually most people don't know this simple fact.
An alternative to using the pagefile is to load the signatures in kernel mode, from within a driver e.g. Then you still won't see it in Task Manager, but if you simply sum up memory usage of all active programs and compare with your total memory used, you'll notice there is something hidden.