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The first Physical Access Control that uses uncopiable keys based on butterfly scales

Project description

New technology unlocks future of uncopiable keys

Ancient Egyptians made keys from wood. The Romans used metal. A mechanical miracle in the history of security, the technology of locks and keys has always been simple but effective. The need for better security has resulted in the development of smart locks such as the B-Lock. This physical access control system is the first high-security, uncopiable key that integrates hardware (lock, key, reader) and software (logging and tracking). It also boasts an adaptable system with different levels of security. Based on patented inventions by the Institute of Physics in Belgrade, the B-Lock system’s commercialisation is underway via Serbia’s technical research institute VLATACOM.

Objective

VLATACOM is a Serbian company which has been designing, producing, and implementing security systems since 1997. B-Lock is the first high-security (with uncopiable key based on butterfly scales) integral (hardware -lock, key, reader- and software –logging & tracking-) and adaptable (able to satisfy geographical and technological different levels of security) Physical Access Control System at a competitive cost. B-Lock overcomes the main technical challenges of existing PACS in the market: 1) uncopiable key to increase security and 2) adaptable system to different levels of security. The core innovation of B-Lock technology is the uniqueness of its uncopiable keys which contain butterfly scales (1 butterfly is sufficient to obtain 200,000 different keys) and this propagates through all the elements and advantages of our system. B-Lock is based on patented inventions by the Institute of Physics, (PCT/EP2015/081407; PCT/EP2015/081400; PCT/EP2015/081398). As per the MoU signed by and between VLATACOM and Institute of Physics, Belgrade (IPB), IPB supports VLATACOM’s submissions to EU's Horizon 2020 and other Programs. The institute of Physics, Belgrade is willing to grant free of charge right of use of its intellectual property in B-lock, and collaborate in commercialization. VLATACOM target is to disrupt in the high security Physical Access Control System market for private and public premises which is estimated to reach €9.85 billion globally by 2023. At VLATACOM we already count with great expertise, contacts and client portfolio in this segment which will be reached by direct sales (B2B and B2C) and licensing (B2B). We have estimated a cumulative profit of €48.19 million during the first five years of commercialisation, a Return of Investment (ROI) of 11.5 by 2025 and the generation of 45 new direct jobs.

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Topic(s)

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Funding Scheme

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SME-1 - SME instrument phase 1

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Call for proposal

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(opens in new window) H2020-EIC-SMEInst-2018-2020

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Coordinator

VLATACOM INSTITUT VISOKIH TEHNOLOGIJA DOO BEOGRAD
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 50 000,00
Address
MILUTINA MILANKOVICA 5
11070 BEOGRAD
Serbia

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Србија - север Београдски регион Београдска област
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 71 429,00
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