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And if you leave your phone unattended the i-migo will set off an alarm should you move 10m out of range of your phone. The i-migo can also lock your phone so that no one else can use it and notify your phone network to track your phone with GPS.
So when can you buy one of these great new devices? Hopefully in time for Christmas if Data Transfer & Communications are able to find a Chinese manufacturer in time.
The company want to find a manufacturer based in China that will not start selling i-migo clones on the grey market, which is a great fear for the company.
Mike Midgen, the head of sales and business development, said: "The simplicity and straightforwardness of the intellectual property means you could replace individual functions.
"It is a huge challenge. We are not leaving samples anywhere. We have to move quickly with the right sort of partner. Speed to market is essential.
"At the end of the day, it is going to be manufactured somewhere in China. There's been significant investment in getting the company to where it is now. We will have to be cautious about the risks, but I'm sure there is going to be a good position for us in the market."
Does the i-migo sound like a useful product to you or do you think people should take better care of their phones? Leave a comment and share your thoughts.