It would appear so. I have used a much less elegant solution before in small open wheeled cars, so I am assuming it works the same way.
The pads under each wheel are scales that tell them the static weight distribution of the car. The hydraulic rams on each side (I used wood blocks) are used to lift one side of the car higher than the other. By seeing how much weight shifts between the two wheels, you can calculate the CG of the car (don't have the equation on me).