2013 UniKey Technologies announced apartnership with one of the world leaders in door locks and made the Kwikset Kevo 925 Bluetooth Enabled Deadbolt. Three months afterthe airing of the Show, Dumasraised an additional $1.1 million according to the SEC filing for UniKey Technologies bringing the total investors capital to $1.6 million thus far. UniKey uses your smartphone to unlock locks.ĭuring the taping of the Shark Tank Show in April 2012, Phil Dumas mentioned he actually needed closer to $1.1 million to bring the universal key tomarket even though he was only asking forand got the $500k from the two wealthy Sharks. In the end, it was the two billionaires Mark Cuban, and Kevin O’Leary bought 40% of the business for $500k and controlling seats on the company board. Phil Dumas and UniKey Technologies managed to do both when Robert Herjevic offered Dunas $1 million, but for 75% of the company. There have been very few products on the Shark Tank Show that has managed to do this and just as few getting offers for a million dollars. By the time the water settled all 5 Sharks had cash offers on the table. The Sharks all agree, and the offers start coming from all sides. The suggested retail price for the UniKey lock is between $149-$199.00 which is on the high end as far as locks go, but considering the convenience and security of the device, this might a bargain for this technology. Phil informs the Sharks that he has many deals in the works with the most notable one with Black n Decker that is very interested in carrying the UniKey Technology. You can also use your regular keys in the same lock if something ever did happen to your smartphone. ![]() A two-hour time slot for the maid to enter your home using their mobile phone for instance. It was a very impressive presentation that instantly got all of the Sharks to sit up and take notice especially when Phil said you can send and receive a digital key for any duration you choose. He wastes no time getting into one of the coolest demonstrations ever featured on the Shark Tank as he controlled a lock by walking up to and away from the house lock. Phil was seeking a $500k investment for a 33% stake his the wireless key device which puts the valuation at $1.5 million. Phil Dumas confidently walked into the Shark Tank very prepared to take the Sharks head on. You will never ever stumble again trying to get your key in the lock which also makes this a security device for gaining quicker access to any locked door. It’s not an App that magically locks and unlocks your door, but the phone itself when it’s within range. Once you have installed the UniKey locking system inside your lock, it can be paired with any OSI, Blackberry or Android device to control the locking mechanism. The UniKey is an ingenious device invented by Phil Dumas that makes ordinary house keys obsolete by using your smartphone to activate the lock. Phil Dumas Inventor of UniKey Technologies With the new application, users will experience a familiar and more intuitive user experience.Universal Door Key – Season 3, Episode 312 – Update It’s been 3 years since Kwikset launched the Kevo Smart Lock, and apart from a few minor tweaks here and there, the user interface has remained largely the same. Our hope is that this new technology helps users avoid accidental locks and unlocks. This is called “Brush Detection,” and uses the accelerometer inside your Kevo 2nd Generation lock. IOS users are also receiving an update that will help Kevo to understand when a door is in motion so that it will not throw the deadbolt. Any Kevo users who download the updated version of the iOS app will be able to issue Anytime eKeys to their family, friends, and neighbors at no cost. Starting February 1st Anytime eKeys, which were previously a $1.99 in-app purchase, are completely free. With Kevo users have always been able to instantly give, remove, and customize access to their home using eKeys. Download the new App from the App Store today to experience everything that Kevo has to offer. ![]() Meet the new Kevo App for iOS: the latest update to the Kwikset Kevo Smart Lock platform.Īvailable February 1st, the new Kevo App for iOS grants all Kevo users new functionality, an updated user experience, and improved lock response.
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