No, it's likely just 8 NiMH cells wired in series. Re-reading your comment, I understand better -- I meant the etrac *detector* probably has a voltage regulator in it, not the battery pack.
Fresh off the charger 11/8 = 1.4V which is believable. They drop pretty quickly to 1.3V, then very slowly drop for the remainder of their useful charge...found a graph. Pink is alkaline, see how it starts higher but keeps dropping. Black and blue are both NiMHs -- they hold flatter
I use Eneloops in most of my electronic devices, including an R/C transmitter. It uses 8 nickel-based cells. I currently have 8 first generation Eneloops in it and when they're fully charged, the transmitter reads the pack at 11.1 volts. Only when it hits 8.4v does the low battery alarm come on, I think.
And yea, the Etrac probably has a voltage regulator of some sort to be able to handle the wide range of voltages that can come from 8 alkaline or nickel-based cells.