The pedal can be used to provide whammy bar-like effects for those with guitars with stop tailpieces (or keyboards for that matter), or can be used to change the pitch as much as an octave up or down.
The Whammy Ricochet is based around the same technology as Digitech's Whammy Pitch Shifter, only this comes in a mini-pedal package and uses a momentary switch instead of a full pedal.
Seven pitches are available - 2nd, 4th, 5th, 7th, Octave, Double Octave, and Octave+Dry - up or down, while shift and return knobs control the rate at which the pitch rises and falls. A series of trajectory LEDs provide a visual indication of pitch-shift direction and rate.
A true bypass latching footswitch mode is also available to maintain the selected pitch, and players have a choice of polyphonic Chords mode (from the Whammy DT) and glitchy Classic (from the original Whammy) tracking.
Digitech's Whammy Ricochet is available in May and June for a special introductory price of $187.44. Check out the example video below.