The beauty of the Vertex approach is that the panels can be used to direct light in multiple directions, effectively turning your flash into multiple light sources. The Vertex can be used outdoors, but it really shines when used indoors in situations where the ability to direct light in more than one direction and bounce it off of walls and ceilings really comes into play.
The device is at its best in a room where the walls and/or ceilings are within range of the flash. By positioning the panels properly, the photographer can bounce light in multiple directions and have that light then bounce off walls and ceilings to provide diffuse, even light. By rotating the panels so the mylar sides reflect light, very little light is lost as it is redirected. While using the white diffusion panels (be careful to avoid scratching them) costs some light, they also help soften the light from the flash. Generally (according to the Presslite website) the photographer uses the mirrored panels to “steer” the light from the flash towards a desired wall or reflective surface and the diffusion panels if directing the light towards the subject.
Learning to use the Vertex can take some practice. Fortunately a useful instruction manual is available for download from Presslite’s website, http://www.presslite.com, via the “downloads” page. The site also features 3D demos that show how to use the device in its various configurations.