Correct, no support for anything local - the camera is locked to use y-cam cloud services.
Just another company jumping on the band wagon. They should stick to what they know best!
Looks a decent offer on the face of it but there are terrible reviews on the App Store and it sounds like these have a tendency to switch off and require you to be there to reactivate them.. no support for local / ip storage either?
Working for me, it's in stock