This is a common design in Germany, as it is sold by a popular entomology supplier. I assume the design can be attributed to Peter Dynort, who worked on Coleoptera and Auchenorrhyncha. Basically, its a ring made from a spring steel strip with a wooden handle, onto which a sheet of fabric is sewn. To fold the beating sheet for travel, the ring can be bent into the shape of an eight and then folded into a smaller double-ring. It will shrink from 72 cm to 27 cm diameter (28 to 10.5 in). It is somewhat stable in folded state, but should be secured with a clamp or kept in a tight container, as it can spring open abruptly and forcefully.
While the foldable design is very comfortable to travel with, I think the design by Lois and Charlie O'Brien is better, as it is sturdier:
When trying to push the circular beating sheet rapidly beneath a low shrub, the spring steel flexes as the ring is pushed in, which alerts the weevils, and they drop before the sheet is in place.
While too flexible to be used effectively beneath low shrubs, the elastic beating sheet works well for trees and beneath lianas.
It can be folded and unfolded very quickly, but typically people struggle when trying to fold it for the first time.
Here is a video explaining how to fold the sheet: https://www.bioform.de/Bilder/KlopfschirmDynortFalttechnik_bioform2020.mp4
As it is flat, the beating sheet is also useful to look through debris from a sweep net or litter reducer.
Here's how the handle is attached to the beating sheet after Dynort. The circular spring steel strip is 1 mm thick and 19 mm broad.
The Dynort Beating Sheet can be attached to a belt (or a waist bag) with a clamp, to have it ready during a hike or to store it away to have both hands free.