Subscriber Discussion

Just Saw This Biometric Padlock Called Benjilock On Sharktank???

UI
Undisclosed Integrator #1
Oct 16, 2017

An $80 padlock with a fingerprint scanner on it, which is touted as being able to be used outside, just got funded on Sharktank.  Either they've got a new low-cost type of fingerprint sensor that can work when wet, cold, or dirty, or this was one of those ideas that are so good that non-technical investors will believe anything. They said one charge will last a whole year with 4 times use per day.

I don't think the product is yet available, but I wonder if IPVM can get a hold of one to test.  Did anyone hear the inventor's statement of cost to build?  Was it something like $20 bucks? 

There is still a traditional hard key override that sits in the traditional place on a padlock.  I think the key eill come in quite handy if someone expects this to work reliably outside or in applications where rowdy and typical kids in a school locker application won't let this thing stay clean to save their lives.  It erases all stored fingerprints (up to 4) if an unregistered finger is presented more than 4-5 times I believe.  Now .. where is that key?

 

 

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UI
Undisclosed Integrator #1
Oct 16, 2017
Avatar
Brian Rhodes
Oct 16, 2017
IPVMU Certified

I signed up to be notified as soon as they move into production.  (Benjilock website) Thanks for the heads up.

JH
John Honovich
Oct 16, 2017
IPVM

Video interview below:

The CEO is Robbie Cabral, LinkedIn profile shows he studied music, has done some marketing work, no tech background. Video above includes him saying he is 'not a coder, software developer, just a regular guy with the consumer in mind, plain basic with the consumer in mind, when I was at the gym'...

I have not seen the Shark Tank video. Anyone who has, I am curious to hear details of what the technology is here.

UI
Undisclosed Integrator #1
Oct 16, 2017

I don't think they even had a working model at the trade shows .. only the prototype in the clear case on the table.  

I had to leave the room during the beginning of the pitch last night, so didn't see if any actual working models were handed out to the sharks to try.  Anyone who has ever sold biometrics has experienced that "holding your breath" while someone tries their fingerprint on the device during a demo, especially at a trade show.  there's most always someone who can't get a read from their fingers (usually smaller, thinner fingers in my experience), or someone who just can't seem to place their finger on the scanner the same way the same way more than once in a row (to get enrolled!).

I thought I saw somewhere that there is an led light inside the scanner ... not sure if this is the same technology used in laptops and cell phones with fingerprint scanners. 

I am curious to see how this lock tests out in hot/cold conditions as well as with damp/wet fingerprints (as you would often be faced with in a gym/lockeroom scenario).

Interesting how so many awards can be won without even a working model in production.

JH
John Honovich
Oct 16, 2017
IPVM

Interesting how so many awards can be won without even a working model in production.

Sadly, many people judge products solely based on the story. What I am still trying to figure out if BenjiLock is claiming any real technology development because otherwise, if they are sourcing this off the shelf, the barriers to entry are nil and the likelihood that this solves real fingerprint problems at their claimed price point is around the same.

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UI
Undisclosed Integrator #1
Oct 16, 2017

He held up a patent document during the pitch, but without knowing what aspect of the product is patented, it is difficult to determine why an offshore source couldn't come out with a similar type of product with a different form factor or fingerprint sensor.  he said that his cost-to-build was based upon a 50,000 unit production order.

Kevin O'Leary asked if this solution could be extended to other types of needs, like replacing the traditional workings of a typical door lock .... his eyes got sort of star-struck when he said this! So, was Kevin not aware of the existence of many types of door locks with embedded fingerprint readers, or did he come up with the brainstorm that we should all start padlocking our front doors?!?

The inventor said he had about 87K of his own money sunk into the product at this point. Without knowing if this was valuation of actual real money spent, or a combination of sweat equity/IP valuation, it's tough to know if is a modification of a almost similar device (used to be you could search on Alibaba and find just about anything).

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UI
Undisclosed Integrator #1
Oct 16, 2017

SO much for the world's first biometric padlock. The 1,200 lock/unlock cycles would get you just about to a year's worth of use with 4 uses per day.

Alibaba:

Overview
Quick Details
Place of Origin:
Taiwan
Brand Name:
SECUTOR
Model Number:
E3E3
Fingerprint Identification system:
360 degree one touch
FAR:
1/10000
FRR:
1.59%
Identified time:
less than 1 second
Fingerprint capacity:
30 sets
Battery:
rechargeable lithium-polymer battery 4.2V 50mAh
Battery life:
1,200 times for lock/Unlock
Size:
63mm x 28mm x 10mm
Weight:
37g
Certification:
CE, FCC approved
Packaging & Delivery
Packaging Details
1pc/box, 100pcs/carton
Delivery Time
60days
(1)
UI
Undisclosed Integrator #1
Oct 16, 2017

U
Undisclosed #2
Oct 16, 2017
(2)
Avatar
Brian Rhodes
Oct 16, 2017
IPVMU Certified

You are correct.  Not a new idea by a longshot, but like John Honovich mentions, a good story/brand angle/good marketing is sometimes the differentiation and not tech.

As an tech type, I shake my head at that a little, but then I remember McDonald's didn't invent the hamburger but has sold billions of them.

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