If they do not use a multiple LED structure but they still have a fluorescent conversion layer, the layer must be very thin and deposited on the top surface of the LED. It could consist of "quantum dots", like in some TV panels, i.e. very small crystals which emit light of a color depending on the composition and size of the nanocrystal when illuminated with ultraviolet or blue light.
However, "quantum dot" is a term that has already been used for a long time in marketing with the intention to suggest a superior technology. If they were using this, I expect that they would have bragged about it.
So from the wording of the press release I think that a multiple LED structure is more likely than a "quantum dot" conversion layer, even if the latter would provide both a better spectrum coverage and superior aging characteristics (by avoiding a color hue shift in old LEDs).
https://compoundsemiconductor.net/article/114125/Realising_red_GaN-based_microLEDs_with_europium-doping
https://pubs.aip.org/aip/jap/article/123/16/160901/400705/Perspective-Toward-efficient-GaN-based-red-light
https://www.researchgate.net/figure/Color-online-a-Schematic-of-an-InGaN-based-red-LED-epitaxial-structure-b_fig1_355092457
https://www.tytlabs.co.jp/en/english/review/rev402epdf/e402_007kato.pdf
Could this be like nanostructure based? Like nanoscale etching that messes with the light, created on top of UV LEDs?