Remember the wording they used in their press release about it:
"because the Company has concluded that Alpinestars' product is unlikely to gain even a toehold in the United States market".
Obviously the people at Leatt and the people they've talked to have a very low opinion of the Bionic brace.
Perhaps they just don't see Alpinestars as a threat? A bit bold considering there size, but hey, Leatt has a well known brand now and can afford to be a little bold, can they?