[via AppleInsider]

The Teo padlock is different. It uses an L-shaped locking bracket (rather than the traditional U-shaped bracket everyone is used to). And it uses Bluetooth Low Energy (BTLE) so you can unlock the padlock from your phone. An obvious idea, perhaps, but the devil is in the details, and in the software.

I’m looking forward to seeing the actual pricing. Note that a note alongside the $39 pledge says “Your investment has earned you the purchase of your first TEO at distributor pricing.” To me, that sounds like they are aiming for a retail price, upwards of $100 per lock. That’s not unreasonable, I suppose.