The Kodakey "looks" like a piece of plastic, or hard leather, in its pictures. In actuality it is a very soft piece of black leather, about 4" X 4" (roughly, since it isn't a square). You can put about 3-5 keys on the key ring and contain all but the bike key inside the leather while the bike key goes in the ignition switch. Then, you just fold the leather sides over on one another, and the snap that holds it together is magnetized and it just pulls itself into place and snaps tight without you even having to press it. I like the magnetized aspect. Then, with all your other keys safely secured inside the leather, the KodaKey rests softly against the well of the ignition. It can't turn far enough to scratch the bike with either the snap or the riveted ring holes.
It has two ring holes, and I suppose you could use both to more fully secure the keys inside the case and make certain there is not excessive wear on the one. It comes with the ring in only one hole, and that is how I am using it. Eventually if the one hole wears out, you could switch to the other.
The KodaKey, I'm guessing, is manufactured by a very small company named after its owner. It arrived promptly with my address hand written in a Sharpie. So it's not a big fancy outfit. Their web site has a good video that shows it in action, along with links to quite a number of reviews of it in motorcycle journals.
The other option I considered, and also bought, was a key "case", like this one:
It has the same result as the KodaKey with one key sticking out of the leather and the rest safely tucked inside, and the leather won't mar your metal surfaces. With this option, I elected to attach my bike key to TWO of the moving key hooks which were side by side, as I know from experience that the little knobs on the end of the hooks that hold them in the bracket wear over time, and eventually the knob gets so worn that it can fall out of the bracket. This could be disastrous if you're flying down the road and don't see the case break away, and you get to your destination without the rest of your keys. Securing the bike key with two hooks isn't easy, but it insures you're not going to lose the case and all your other keys for failure of one of the hooks.
Thanks ! Received mine today. Took me a minute or two to figure out how to make it work. I found if you use the ring pass through both holes in the leather leaving the keys in the middle. If you pull the Honda key out & wrap the other key/keys it will mostly "float" the case above the ignition switch. Like in the picture off the web sight: HERE All in all worth buying & solved a problem of where to put my saddlebag key! .....