How does this work exactly? In my mind I picture the pivot screw tension-er thingamabob getting lose over time with repeated use of the knife as well as repeated opening/closing of the knife. Is it just a set screw that applies pressure to the blade kind of like a ball detent? If that's the case, I would think such a mechanism would, over time, carve a groove on the blade. I know even ball detents have been known to do that. The tension thing is the only thing I'm a bit worried about.
Ok. I am going to try and explain how it works as far as I know. You have a female screw, male screw and then a set screw that goes into the female screw (can be seen in the 8th picture of the old and new models side by side).
You do not need to unscrew the set screw completely when taking the knife apart.
When putting the knife back together I first inserted the female part with set screw unscrewn a little. Then I put the make screw in and tightened down to the smoothness I prefer. Then all I do is tighten the set screw down. Then all is tight and right and none of the screws have come untightened in my use.
So everything is within the pivot and the only thing that puts pressure on the blade is the ball on the liner lock that falls into the ball detent when closed.
Hope all that makes sence?

Those look great. Is it just my eyes or is the lockbar on the newer model thinner than the older one?
The lock on the new one is the thicker liner lock (2mm and the blade is 3mm at the spine) In the 2nd and 3d picture of the old and new model the new one is on the left.
whats it cost is two hand opening or am i missing something it looks nice
It is one hand opening. Here is the old model in a video I made.
Trevor posted some new remarks on his site. Here is what he had to say.
23 April 2010
In continually striving to better my product line, I have for a long time given thought to beefing up the EXK build.
As an avid carrier and user of the EXK and encouraged by customer suggestions decided to implement the following changes:
Make use of a 2mm(.080) titanium liner rather that 1.2mm(.047)
This accommodates a pivoted locking bar rather than thin locking spring
All components are secured to the 2mm ti liner, including a press fitted 3.2mm stop pin.(increasing build strength)
The mechanism with its extended blade for opening is very positive, allowing slight "snapping" into the open and closed positions without excessive spring pressure and ample access to the spring for release of the lock.
The pivot on the kit models incorporates a 1.5mm (.060)grub screw which can easily and quickly adjusted to set blade pivot tension.
The simple build allows EXK Kit customers to easily take down this model for cleaning and reassemble. Which over the years I have felt necessary for a knife that works in extreme conditions.
Also on offer with the new look EXK is the choice of 4 different blade steels N690,PANZER36,S30V and D2(PLEASE VIEW BLADE STEEL BLOG)
The EXK with its new study reengineering, custom finishes, variety of premium grade materials to order and overall durable quality has once again proven this EDC as real value......