Inseparable Keys: Phase III High-Tech Product Innovation (45-827) James Duan, Eric Lin, Ray Loo, Minh Vuong April 17, 2008

2HONEYWELL - CONFIDENTIAL File Number Product Opportunity Statement Inseparable Keys fills an opportunity to create keys that cannot be easily lost, stolen, forgotten, or otherwise separated from their rightful owners. The solution shall be secure, reliable, and easier to use than traditional keys. Furthermore, an Inseparable Key can replace several separate keys that serve different purposes, reducing key clutter and improving carrying comfort.

3HONEYWELL - CONFIDENTIAL File Number Value Opportunity Analysis Recap Customizable solution that is easy to use and program Added security through redundancy Greater confidence through using an inseparable intelligent key system Improved comfort by not carrying extra keys Enable access to other home automation technologies though intelligent identification system Low wear and tear for a long-lasting and reliable solution Build brand awareness though leveraging partnerships and establishing new industry standards

4HONEYWELL - CONFIDENTIAL File Number Product Concept Candidates Fingerprint scanner built into doorknob/handle RFID key “rock” Touch-less fingerprint scanning Embed or attach RFID tags to clothes, cell phone, iPod, etc. Credit card or ID card scanner

5HONEYWELL - CONFIDENTIAL File Number Our Solution: Voice Recognition Uses voice authentication and speech recognition Verifies identity and receives commands through spoken words Key Attributes - Inseparability: No physical object functioning as the key - Security: Two-factor authentication - Reliability: Fewer moving parts; May require battery power or physical backup - Ease-of-use: No physical keys are necessary, so a user can easily use the lock when hands are full or in the dark - Number of Keys: Reduces number of keys - Cost: Installation is a one-time cost and will not cost significantly more than a traditional solution Exceeds all product opportunity specifications

6HONEYWELL - CONFIDENTIAL File Number Stakeholder Analysis I Kevin, the Consumer - No physical key to carry/lose - Voice recognition easy to use and to configure - Increased convenience with optional automated doors Jack, the Homeowner - Easy, one-time installation - Secure, inseparable keys - Confidence in using a secure locking solution - Reduces number of keys

7HONEYWELL - CONFIDENTIAL File Number Stakeholder Analysis II Kim, an Apartment Lease Manager - Easily customizable for tenants - Track who has access - No more keys to organize Honeywell Security Group - Easy to develop and push to market - Extendable to home automation systems - Opens new markets

8HONEYWELL - CONFIDENTIAL File Number Commercial Feasibility Convenient, cheap, secure, and reliable security solution Estimated cost of solution: $100 Projected product lifespan: 10 years Installation similar to that of standard locks Little or no maintenance required Leverage partnerships with retail outlets and home security providers

9HONEYWELL - CONFIDENTIAL File Number Prototype Considerations Usage scenarios - Unlock - Lock - Open - Close - Configure – add/remove users, activity log, reset to defaults Homeowner Interface - Integrated keypad or touchscreen Building Owner Interface - Control console to program multiple locks simultaneously - Ability to track usage - Remote updating - Wireless versus wired connectivity for power/configuration

10HONEYWELL - CONFIDENTIAL File Number How The Concept Works Approach Door and Give Command Command? Open Door or Unlock Close Door Close Door Voice and Password Verified? Verification Failure Indicated Lock Success Indicated Unlock Open Door No Yes Lock Command? Open Door Unlock

11HONEYWELL - CONFIDENTIAL File Number Homeowner Solution How do you do the user interface for setup and maintenance? Are the locks user- friendly?

12HONEYWELL - CONFIDENTIAL File Number Building Owner Solution Can a building owner easily program multiple locks simultaneously? Are remote updates possible? Are locks user-friendly?

13HONEYWELL - CONFIDENTIAL File Number Conclusions From Prototyping Lock, unlock, open door, and close door commands are supported Configured differently depending on usage: - Homeowner: keypad & voice commands on the lock itself - Building owner: tablet console to update multiple locks simultaneously Equipped with dual keypad & voice command programming to accommodate consumers with heavy accents Powered by batteries or low-watt power line Easily installed in standard door jam Automated opening/closing with power arm

14HONEYWELL - CONFIDENTIAL File Number Further Questions Access for emergency personnel? Reliability of voice recognition? Usage in noisy/private areas? Handicapped accessible? Computer interface for programming? How to extend into home automation?

15HONEYWELL - CONFIDENTIAL File Number Our Vision Honeywell Inseparable Keys Questions?

16HONEYWELL - CONFIDENTIAL File Number Task Analysis of Inseparable Keys vs. Traditional Keys Start: Approach Door Place groceries on the ground Find keys Push key into keyhole Strain to turn key Push door open Hang key on hook Hold door open Grab groceries Step throughClose door Finish: Lock Door Use voice recognition Door unlocks, opens, walk through, door locks Finish: Walk away Start: Approach Door Traditional locking solution = 12 steps! Inseparable Keys with optional automated doors = 4 steps