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Random question: His former employer [..], sold the intellectual property behind Brocious’s hack to the locksmith training company the Locksmith Institute (LSI) for $20,000 last year.

Are these guys "buying up" security flaws in locks similar to others who sell these kinds of things for software?

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Don't know what they're doing, quite honestly. Though I should mention that they didn't buy it from us, they got a non-exclusive license to use the technology. Just wanted to clarify.

It's the Locksmith Institute. Locksmiths are who you call to get into a door to something own, but to which you lost the key. So presumably there's situations where a hotel can't get their keys working, and they'd like to have locksmiths in their city who are trained in this. Don't think it's any more complicated than that...

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