It does, see the video on that Kickstarter page.And their website http://www.airdog.com/products:"Smartphone is only for adjusting advanced settings. GoPro App provides live video stream to your phone."
True, I did assume that, but since Assumption Is The Mother Of All Fuckups I simply had to verify by clicking the link. Nice video BTW. As for an alternate reason, I can't think of any. Just maybe to scare of seagulls if your afraid of being pooped upon.