Admittedly, padlocks aren’t the sexiest products in the world. They’re still handy, however, and the TEO looks even handier. This Kickstarter project is currently in the funding stage and it promises to make it easy for you — or anyone you choose — to unlock from a phone by using a Bluetooth connection.

The nice part about TEO is that the virtual, or wireless, key to open it can be shared or sent to a contact from your phone. That means if a friend needs access to the lawnmower in your locked shed, for example, you could simply provide a temporary key from your phone to theirs.

Of course, any connected lock isn’t worth a darn if it loses power. TEO uses Bluetooth Low Energy so it’s not constantly running down the internal battery. The folks behind TEO are targeting at least a one-year run-time for the smart lock…