Locks are a necessity for keeping your bike secure between rides, but they can be a pain to carry around. U-locks are an awkward shape, wire locks can get tangled and thick chains can be very heavy. The Mighty Click is designed to provide both security and ease of portability.
The Mighty Click is, of course, very similar to the Hiplok from a few years back. There's a reflective strip on the cover to help with visibility and a strap that allows it to be clipped around a user's waist. The strap is adjustable and will fit waists from 26-in (66 cm) up to 38-in (97 cm).
It doesn't come with an integrated lock, though. Instead, riders will need to use a separate padlock to secure each end of the steel chain protruding from the protective fabric cover. At 3.5 lb (1.6 kg), it's a little lighter than the Hiplok and features a zippered pouch for carrying small items like keys or coins.
A Kickstarter crowdfunding campaign is underway for the Mighty Click and has already exceeded its target. Individuals can still pledge to support the campaign though. Assuming all goes to plan, a pledge of US$25 will get you the security belt with no padlock (to which you add your own), while a pledge of $29 will get you a Mighty Click with a padlock included.
Sources: Lars Hundley, Kickstarter