Yes; though I've found precious little detailed info on the electronics (a crap ton of demos of the plugged-in tone, though) it's billed as "undersaddle" piezo and it's an active pickup with the tone and volume controls just inside the sound hole and the battery tucked up under the base of the neck.I am assuming that the electronics will be positioned under the bridge saddle?
Bart
Here's another video: this one from a PRS rep going over the whole SE Angelus line, starting with the one I bought, and showing a few more details about the construction and layout. It covers the 2016 line and the primary difference in 2017 is they dropped the black A10E and added a sunburst version.
[video type=youtube]eVkk33KyALA[/video]
Mark