unusual part of led

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I though that it resembled a zenier diode but?
I guess it acts like a flyback diode?
Thanks
 
The best LED's have a Zener pair like Z4 to protect it from ESD. >5V
 
I am searching for an RGB led, smd that I can use in an 5 x 7 matrix that can be seen 75-100 feet distance in broad daylight.
the data sheet I linked is a viable part. Just waiting for sample.
 
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