I guess this stuff was released last year, but I just saw some at my local industrial supplier
This may be/could be a useful product for hardware that secures plastic materials (but not in contact with, where the liquid threadlocker products cause the plastics to break down and fall apart.
This tape-like product.. actually more like thin plastic film, is similar to teflon tape in a plastic spool dispenser/holder. The manufacturer decided to use a different (likely expensive) holder of metallic-looking silver plastic material shaped like a hex nut for packagng this product. The package contents are shown as 0.5" x 260" (about $20 at various sources).
The usage instructions recommend wrapping 2-3 turns overlapped on the (clean, dry etc) fastener threads, while applying slight tension.
I've never had any trouble with liquid Loctite products going bad from age when stored at cool or room temps, but I suspect that a roll of this stuff could possibly turn into a useless glob if exposed to heat, such as left on a dashboard in the sun.
I generally use the medium/blue product, but have also kept small amounts of the red stuff for semi-permanent installations.