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There's a lot of detail in the faq. But confusing on the alerts about wether you use wifi or bluetooth.
Regarding security:
Q. How secure is Skylock vs. the competition?
Very. We mean this. We built this from the ground up including the industrial design, mechanism and frame. Our lock is at least as secure as the top competitor. Skylock is equipped with dual locking pins so a potential thief would need to cut the lock twice before being able to steal the bike.
It's an interesting idea.
The lock has to be connected to wifi for alerts to be sent to your phone?
Would be interested in knowing what lock it compares to in terms of strength. Is it just a £10 lock with some fancy electronics?