Well, looks like not. Normally the company build a software which can send packets through the USB port, so the keyboard can 'catch' that packets and replay the sequence.
Example, some users (me inclusive in the future) which have/has a Corsair K70, did a little investigation around to 'debug' the software from Corsair, to check which packets and how to reproduce it on the keyboard or send a custom packet. This give to the programmers (like me) build their custom program and do custom colors.
In your case, looks like the sequence is recorded on the memory which have the keyboard, so looks like not.