Hi Mr Q,
Thanks for linking the PDF. From a brief read through (and not through the references) it suggests that the most common causes of accidents are "motorist emerging into path of cyclist" or "motorist turning across path of cyclist", with other emphasis on this being at junctions (particularly T junctions), during rush hours and more in the autumn/winter months (on a per-mile-travelled basis).
While I agree it does mention a "poor turn" I do think you should qualify what this means. My interpretation of the data implies that motorists either don't care* about the cyclist, assume they will give way regardless of right or just don't see cyclists.
This leads me to be concerned about LED turn signals / brake lights, and other items that make a cycle look more like a car. Motorists will see another car type vehicle and assume a "bump" won't matter, certainly they won't be thinking they could cripple (or worse) someone. Cycle lighting should reinforce the shape of the cyclist to aid recognition, emphasising the silhouette. To me, a wristband light would be preferable to a bike-mounted signal (better lateral seperation), but to have to press buttons to get the right light to flash, then cancel it, and have to keep it all charged seems a lot of added complication. A £1 LED + reflective wristband from Lidl would perform just as well, be far cheaper and far less complicated. Ultimately, this will be your competition if you are going to make this thing.
*By this I mean they see a cyclist as a "thing" of little consequence, rather than a person, and don't consider that the cyclist may not behave just like a motor vehicle.