I don't know really the whole story here, I'm sure it's complicated, but as noted above "Wootz" steel is an ancient technology, to patent it I would think is laughable. It does seem as though Angel Sword has trademarked the term "Techno-Wootz" which seems altogether different.
Broad terms such as "wootz damascus or 'true Damascus' is metallurgically superior to mechanical Damascus" bother me. That is totally subjective. I mean, "metallurgically superior?" what does that even mean?
I'll add, though maybe I shouldn't, that the company in question has caught my notice for other hype-related issues in the past...
In a nutshell, my understanding of this steel:
Wootz is a cast steel, then the ingot is forged to shape or into bar stock and then ground. The casting process, combined with the alloying ingredients, impart a structure that is a softer iron matrix with large carbides distributed within it. It's similar to the older concept of hi/lo carbon pattern welded steel; the soft matrix wears away faster than the hard parts, creating a micro-serrated edge. Supposedly this is superior for cutting soft items such as meat, i.e. bodies.
I'm all for the romance and even utility of re-creating ancient cutting technologies, but somehow I don't think you'd want a straight razor made of Wootz. My understanding is that the carbides are large and aggressive.
Modern pattern welded steels are usually made of all fully hardenable steels, so carbon migration is not such an issue. The question of "micro-serration" disappears, and the metallurgy becomes similar to that of monosteels- heat treating correctly to achieve full hardening with fine grain, and tempering correctly. That's a good way to create a smooth-cutting and flexible blade with a durable edge; large carbides can often tear out, I don't know if this is the case with wootz.
Just my $0.02, take it with a grain of salt.