The Pealock features a loud 110-decibel alarm which is activated in conjunction with a motion sensor. Simultaneously, the Pealock also sends an alert to the user's smartphone app so they can quickly take action and check on their bike.

The lock is also rain-resistant and snow-resistant, making it ideal for use with skis and scooters as well.

Besides a rechargeable lithium battery, the electronics include a 110-decibel alarm, a motion sensor, an LED status indicator ring, plus Bluetooth, NFC and GSM (Global System for Mobile Communications) chips.

Once it's been set in place, the Pealock is electronically armed/locked and disarmed/unlocked using an iOS/Android app on the user's smartphone.

If a would-be thief should try messing with the lock or the item it's securing, the motion detector will cause the alarm to sound, plus it will trigger the Pealock to send a text alert to the user (via Bluetooth or GSM, based on how far away they are).

Depending on their level of paranoia, the user can set the alarm to go off after anywhere from one to 15 seconds of movement.

And although the locking strap may look like it's simply a strip of rubber, it's actually internally reinforced with both a layer of Kevlar, and steel cables. It also incorporates an electrical wire that's connected to the alarm.

If anyone should cut into that wire while attempting to cut through the strap, the alarm will sound and a text alert will be sent.

According to New Atlas