They're called Zackees. $75. Battery powered, pushbutton-activated.
See the video:
https://www.youtube.com/watch?v=iUZ89t1FctY
http://zackees.com/
I wrote them this note:
Your video is disturbing. You show someone (apparently) signaling a left turn by raising their left arm with elbow bent at 90 degrees. The arm position means right turn but the glove light indicates left turn. Your video is promoting a turn signal convention that is opposite to the past century's convention! This could endanger cyclists' lives!
Your Q&A "Shouldn't the arrow point toward the knuckles?" isn't really answered. I don't buy "Furthermore, having the arrow position in our product allows you signal in front of you without having to take your hands off the handle bars!" as drivers to my left will have a poor view of my right hand, when it is on the handlebars.
You should encourage people to signal in a manner consistent with existing conventions, not opposite to them! During daylight when the lights are less visible, or when the lights are viewed off-axis from their peak brightness orientation, what the cyclist intends to signal and what the car driver perceives could be 180 degrees opposite.
The conversation could go like this: "You signaled right but then you turned left! Why did you do that? ... No, that's not how you signal left! You signal left by sticking your left arm out straight, not bent!"
This is dangerous. Fix it.