Hand-held Grabber w/ Caribiner + Cord to Put Around Whatever You Grab * bamboo

Description

Best we can figure is a drink can grabber with the elastic cord to put around the can to keep it in the grabber. There's Neoprene and these strange plastic flanges involved. If one googles "Bamboo brand" one gets thousands of products made of bamboo, so that was no help. Why wear this thing on your belt or attach it to your backpack.
Someone put a lot of thought and $$ into developing this product without thinking about how to sell it.
Any ideas??