Portable Bike rack

Found this while browsing Core77.com and thought it was pretty cool, a clever alternative to the normal bike racks, this one supposedly makes it harder for your bike to get stolen. The bike rack is an innovative simple solution to a problem, also a bit of a space saver.
The design itself is minimal but the shape and the way it wraps around and conforms to the shape of the bike makes it a fairly effective design.

- Kyle