A UK company is looking for business partners to represent their vehicle security solution in local markets under a commercial agreement

Annotation

A UK based company has developed a vehicle security solution in which a mobile app interacts with an in-car security system to prevent car thefts. The security of the product cannot be compromised in any of the following situations: key cloning, OBD port theft, jammers, system damage or power supply cut, password hacking etc. The UK company is looking for business partners to represent their product under a commercial agreement.

Offer description

A UK based company has developed a mobile app that communicates with a hardware kit inside the car to prevent car thefts. The company's product combats the rise of key cloning devices which are cheaply available online. Many car thieves are opportunistic.There is no vehicle security product in the market that can show resilience to all of the following techniques used by modern thieves: key cloning, OBD port theft, jammers, system damage or power supply cut, password hacking etc. The design of the company's product is based on the assumption that the system must provide resilience even if a modern thief has access to all these methods and can successfully use the above techniques. Key Note's (business intelligence platform) latest vehicle security market report 2014 shows that there is a huge opportunity for new product development. There are over one billion cars worldwide, 256 million in the EU. Even if car manufacturers come up with a solution for the problem, their new solution will only be implemented in newly built cars; leaving millions of car in the aftermarket totally exposed. The UK company is looking for business partners to represent their product under a commercial agreement.

Innovations and advantages

As opposed to state-of-the-art immobilizer and other security solutions, the company's product offers the following features: • Allows temporary guest passwords to be given to other people like mechanics, valet drivers, or family members. • Access to key copies via the app and changing the password free of charge. • Works as a stand-alone system and is not dependent on car's existing ECUs. • The system's security features are interconnected so that if a password is hacked it cannot be used without the owner's authorisation. The UK company has won a few innovation awards for its product and details will be available to the interested parties.

Market application codes

02007007 Applications software
03001005 Microprocessors
03001006 Controllers
03001007 Circuit boards
03008004 Other electronics related (including alarm systems)

Profile date

16.03.2019