New Zealands leading angel providing early stage first round financing to ICT start up companies. Apply Now
Posted by Tamsyn Parker on 21 April 2009
A New Zealand inventor who has the backing of business gurus Stephen Tindall and Sam Morgan says he is close to signing a million-dollar-plus US investment deal that would help springboard his company into the world's biggest economy.
EC Key chief executive Nick Willis came up with the technology to allow bluetooth cellphones and other devices to be used to unlock doors and gates without the use of a key in 2005. It involves attaching a small black box, smaller than the size of a cellphone, to the inside of a door or gate and then programming the phone to match with the box.
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