Is The Back to the Future Hover Board a.k.a Huvr Real?

I am proud to be a child of the 80's. Next to Ferris Buehler's Day off and Predator, the Back to the Future franchise are some of my favorite movies to come out of the 80s. Remember the hover board from Back to the Future 2? It may soon be a real thing. Or maybe not.

Recently a video has surface with Doc Brown (a.k.a Christopher Lloyd) and Tony Hawk unveiling what appears to be a working prototype of the Back to the Future hover board.

But there is something about the video that is still hard to believe. This is obviously a complete hoax. Right? The website hovrtech.com looks like a legit website, but if you look closer at the legal terms it reads.

The inclusion of any products or services on this website at a particular time does not imply or warrant that these products or services will be available at any time.

The information and materials on this website may contain inaccuracies and typographical errors. HUVr does not warrant the accuracy, completeness, or usefulness of such information and materials or the reliability of any advice, opinion, statement or other information displayed or distributed through the site.

So is it real or a hoax? I'm leaning towards hoax.  I am probably more interested in finding out what they are trying to market with such an elaborate hoax?