Das steht in ihrem eigenen FAQ:
ZitatAlles anzeigenWhat are the differences between the Nano and the HW.1?
The Ledger HW.1 is a low cost version of the Ledger Nano. It has exactly the same properties and level of security, and from the usage point of view it is exactly the same thing.
If you order a Ledger HW.1 Multisig, you will get three HW.1 keys containing each their security code and recovery sheet. For the Enterprise pack, you'll get 10 full HW.1 sets.
The key form factor is the main difference between the two products. It is very strong and reliable, but it definitely looks "cheaper" than the Ledger Nano metal counterpart. Also, you'll get the HW.1 brand, the plastic key doesn't have any mention of the Ledger brand.
€: Okay, es ist identisch zum Nano, nicht zum Nano S