This is the Thrunite 2014 TN12 Flash Light Preview.
ThruNite : http://www.thrunite.com/thrunite-tn12-2014-cw/
Amazon : http://www.amazon.com/ThruNite-Flashlight-XM-L2-Output-Lumens/dp/B00I1WVRBK
Thrunite has updated their original compact, high-output 1x18650/2xCR123A light -- the TN12, first released in 2011 - with a new model for 2014.
I spoke with Thrunite about the 2014 update and their main focus was quality, performance and a great price. The new TN12 for 2014 builds on the previous 2011 model, and introduces new features consistent with other lights in this 1x18650, 2xCR123A/RCR class -- like the dual-switch interface. It is also one of the best deals in this class (by MSRP), for the feature set.
Similar flashlights would be the Fenix PD35 and the Nitecore P12.