Country for PR: United States
Contributor: PR Newswire New York
Friday, February 03 2023 - 05:48
AsiaNet
KORELOCK LAUNCHES IOT SMART LOCK TECHNOLOGY COMPANY
DENVER, Feb. 3, 2023 /PRNewswire-AsiaNet/ --

-- Denver-based business secures Series A Funding through partnerships with 
Iron Gate Capital and Kozo Keikaku Engineering.

KoreLock, an emerging IoT Smart Lock technology company, is pleased to announce 
funding to support the development and expansion of its Smart Lock technology 
and software platform. Private equity firm Iron Gate Capital and engineering 
firm Kozo Keikaku Engineering, Inc. have invested in the company alongside 
management.

Logo - 
https://mma.prnewswire.com/media/1995126/korelock_logo_full_colour_tag_Logo.jpg 

KoreLock serves a vast market of lock manufacturers, specialty lock brands, and 
software companies looking to convert their existing offline locks into 
cloud-connected Smart Locks.

"KoreLock addresses the market need for OEM Smart Lock technology with wireless 
integration to access control software services," said Grant Walter, KoreLock 
President and CEO. "Traditional lock companies have tried to develop their own 
Smart Locks but abandoned these efforts lacking the capabilities to do it 
themselves."

KoreLock specializes in embedded printed circuit board solutions that help lock 
manufacturers overcome the complexities of developing connected Smart Locks, 
reduce costs, and shorten their overall time-to-market.

"KoreLock offers a unique access control solution for the lock manufacturing 
industry that fits well with our focus on early-growth stage B2B technology 
companies," said AJ Dye, Partner, Iron Gate Capital.

KoreLock's patent-protected technology is embedded in over 50,000 locking 
devices in 65+ countries and has been tested and proven for over a decade.

"KoreLock is well-positioned for accelerated growth, anchored by partnerships 
with industry-leading lock brands worldwide," added Walter. "We are investing 
meaningfully to expand our team, solutions, and customers." 

About KoreLock
KoreLock, Inc. ( 
https://c212.net/c/link/?t=0&l=en&o=3773841-1&h=2785803653&u=https%3A%2F%2Fkorelock.com%2F&a=KoreLock%2C+Inc. 
) is an IoT technology company that provides turnkey embedded Smart Lock 
solutions that enable manufacturers of door locks or access control hardware to 
build and sell connected locking devices. Korelock, Inc. is a privately held 
company based in Denver, Colorado.

About Iron Gate Capital  
Iron Gate Capital, LLC ( 
https://c212.net/c/link/?t=0&l=en&o=3773841-1&h=3117066128&u=https%3A%2F%2Firongatecapital.com%2F&a=Iron+Gate+Capital%2C+LLC 
) is a nationally recognized deal-by-deal private equity firm investing in 
market leading "early growth" technology companies on behalf of over 60 
families. Iron Gate Capital is based in Boulder, Colorado.

About Kozo Keikaku Engineering, Inc. (KKE)  
KKE ( 
https://c212.net/c/link/?t=0&l=en&o=3773841-1&h=393214966&u=https%3A%2F%2Fwww.kke.co.jp%2Fen&a=KKE 
) is a professional design and engineering firm that acts as a bridge between 
the academic and business worlds. KKE strives to solve various issues and 
challenges that society faces, utilizing its engineering expertise acquired 
through knowledge exchanges in diverse fields. KKE is based in Tokyo, Japan.

Contact: Grant Walter, President and CEO, KoreLock, Inc. 
grant.walter@korelock.com, 303.681.5785

SOURCE: KoreLock, Inc.
Translations

Japanese