Panasonic IBS (Integrated Bottom Bracket System) Technology
I think it's just a bit of description enhancement of the same Panasonic system everybody else uses.
2010 onwards, maximum assist level is 1:1.2 rolling off at a cadence of 72 rpm.
The 2012 one certainly doesn't work like that....
Maximum assist is quoted as 1:3 in 'HIGH' controlled by the torque sensor - but roll-off is no longer related to cadence - it's speed directly sensed by a pickup on the back wheel. That takes place between about 16 and 17 MPH irrespective of what gear you happen to be in. Of course you might not be able to pedal fast enough in the lower gears to reach that point, and because you won't be pushing the torque sensor so hard you won't get as much assistance either unless you're climbing.
I suspect that if you disconnect the speed sensor your assisted speed will be limited to just a few miles per hour. That's because the power gets fed in quite smoothly as you pull away and the speed starts to build up.
MUCH better than the original system I suspect, though I only have experience of the 2012 Kalkhoff model.
Rog.