This is the Kool Wand it is a small device that clips onto your stuff and connects to your Smartphone through an app. Now that it is paired with the phone, the user is able to set the device according to their own needs. Basically, you can keep a tab on almost anything with the Kool Wand, kids, pets, gadgets or your wallet! If the item moves out of the specified range an alert appears via the app on the Smartphone, this alert can make all of the difference between losing something and almost losing something.
What’s more, it works the other way around too, if the Smartphone goes walkabout as it goes out of range the Kool Wand will alert you by sounding an alarm. This is a great way of getting piece of mind, when you are out and about. The Kool Wand is due to be launched in a few weeks time, but if you cannot wait until then it can be pre ordered from $46 or £29! This system does not end at this device, there is the Kool Bridge too which works with the Kool Wand to provide a complete monitoring package for the home or work!
Source: Kool Techs