I've never seen this product before and actually thought it was a manufacturer's defect.
Type AC cable is one of the granddaddies of the wiring methods in Chapter 3 of the NEC. It goes back to the early 1900s, and was, early on, given the trade jargon name of BX. Back then a steel armor was ubiquitous.
BX was very popular as a means of extending existing Knob & Tube branch circuits.
By the 1950s, the inductive impedance choking problem shown by fire statistics, resulted in the required upgrade to the modern "bond wire" assembly.
I work in a Metro Area that has a long history of "all metal code" being enforced for multiple decades. As a result, chunks of my work area have a lot of AC installed, as that was the economic wiring method for the construction type and the local code constraints.
I can go to other areas of this Metro, and find whole subdivisions that were not bound by "all metal code" and they are wired in NM.