kingquota wrote:"With the low-cut filter on, the B-1 provides an almost linear frequency response with signals picked up at close proximity to the source."
Mics, especially large-diphragm mics, exhibit something that's called 'the proximity effect' - when used at close proximity to the source (say, less than 5 inches), lower frequencies are emphasized. This can be used for effect, for instance if you want a really intimate, close-up sound, or need to get as much lows as you can from a source.
According to the manual, the low-cut filter ehm, cuts low frequencies, to compensate for the proximity effect if you need to use the mic up close but don't want the extra lows.
Mixing desks and preamps often have a dedicated low-cut filter, on simple units this is usually a switch that engages a 12db/oct filter at 80hz or something similar. This is used to eliminate low frequency rumble and mic handling noise, or basically any lows that you don't want. The filter on the B-1 is 6db/oct at 75hz, so it's less extreme but still very useful for this purpose.
kingquota wrote:"The built in shielding minimizes the microphone's sensitivity to high-frequency interference."
They put some extra shielding in the mic so you don't pick up the radio or electrical noise.