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As its name suggests, EQuality is an EQ plug-in. It is not a model of a specific piece of hardware - it's more ambitious than that. EQuality aims to be a great replacement for all your EQs. From the top-down, it's designed to allow you to make it work the way you want it to.
DMG Audio says that "from the bottom up, EQuality sounds as good as an EQ can sound. By that, I mean the prototypes are as close to the consistent analogue shapes as can be achieved digitally, without spending extra CPU. When you want to spend extra CPU to close the deal, you can do that too, but so far not many people have reported finding occasions where the difference is perceptible.".