The current free version allows you specify local disks, network disks, FTP site or Comodo Cloud as the backup destination.
It will create backups in the proprietary CBU format, a self extracting CBU file, the widespread ZIP format, the widespread ISO format or it will simply copy files.
All of the backup types described in POINT 2 can be sent to any of the destinations described in POINT 1.
The current free version is a far more capable backup app than any previous version. It is laid out differently so you may have to actually look for some of the options that you are used to seeing, but they are all there.
Hope this helps,