WINTER PARK, Fla., Feb. 4, 2014 /PRNewswire/ -- Technology innovator UniKey has gone from a prototype on ABC's SharkTank to delivering over 100,000 units of product in a partnership with North American residential lock leader Kwikset. In just under 3 months, demand for Kwikset's Kevo, powered by UniKey, has demonstrated that consumers are embracing the first real innovation of the door lock in over a thousand years.
Media reports and awards stages at the 2014 Consumer Electronics Show (CES) painted a clear picture, home automation and the Internet of Things (IoT) are leading the next phase of the technology revolution. The market for home automation devices is estimated to hit $10 billion this year, growing to $44 billion by 2017, according to wireless industry group GSMA. Consumers are expecting to find revolutionary technology like Kevo from channels of resale beyond traditional lock resellers, and Kwikset is the trusted brand that has been embraced by merchants like Apple and Best Buy.
With its place in the smart lock market assured, UniKey is poised to drive solutions beyond residential locks, making your smartphone the key to more than just your front door. UniKey's President Phil Dumas, who delivered multiple mass market solutions to the access control industry prior to founding UniKey in 2010, sees a world where UniKey will eliminate the everyday keys, PINs & passwords.
"Imagine all of your keys, keycards, PINs, passwords and combinations, becoming part of an electronic key ring that resides on your smartphone. You'll bypass the check-in counter at a hotel, leave behind that office building ID card, and there will be no need to carry a bulky car fob anymore. And in addition to this, access can be monitored, controlled or revoked anytime, anywhere. Consumers are demanding products that simplify their lives and that is evidenced by Kevo winning the coveted Last Gadget Standing Award at CES 2014." Dumas said.