Afraid it won't be the case. The test strips use a chemical reaction to convert the glucose amount to amount of something that can be measured electrochemically, in an indirect way. Direct electrochemical measurement AFAIK doesn't work (yet). Spectrometric measurements are an alternative.
Edit: This device is however much more versatile than the common ones, which could allow using a wider number of kinds of test stripes, possibly allowing development of way cheaper ones.
Thought. Occasionally counterfeit strips appear that are much cheaper but also may be pretty off. Could it be feasible to e.g make a number of measurements with both genuine and counterfeit strips, compare the values, and if they are consistent but off by just a factor, use the cheaper ones only and multiply the results by the factor (with occasional use of an additional genuine strip to make sure nothing is drifting off)? Essentially using the known-good expensive ones as calibrators for the cheaper ones?