IPS stands for In Plain Sight. This is a key holder Lamont made many years ago for his other bikes and when he made it for the Spyder people went crazy. He went into full production in 2010 and sales have not slowed down since.
We do not recomend you leave your key in your Spyder at all times but you could if you wanted to because most folks have no idea what it is. If you leave the cap off the bottom you can pull your key out in seconds if you like.
It comes in black only. This really dresses up a custom Spyder and looks great on a stock Spyder too. The Spider decal is a decal that can be added if you like. It comes with the IPS logo milled into the key cover.