I don't know the technical side of things but they are an EOS fork so I think that you are right.

I have a hive twitter account and get people reaching out to me often enough. There has been some approached from the telos community and devs over the past couple of weeks looking to make some bridges with the #hive community so I will just be seeing who and where they might add some value to our chain and vise versa.

I was just sent a message on this subject and knew you were working on something similar already so thought i would pass it on.