It seems like this is always being answered.
The complete information on how the system works is derrived from these two articles:
Immobilizer System Programming
T5 Key Duplicator System:
http://elabfcsvrt.fdu.edu/bartsch/Pr...tor[1].pdf
The RED KEY is used only to program a 5th Gen immobilizer to work with an ECU and then tell the immobilizer which keys to accept.
Each RED KEY is specific to an immobilizer. (They come paired together. ...and immobilizer without a Red Key is useless if the car ever needs to be reprogrammed.)
There is no such thing as a T5 Red Key.
There IS a T5 Key. (It will have T5 stamped on it IF you get key from the dealer as a replacement for your original keys, provided that you have one already.)
The T5 key is used for duplicating a key that ALREADY starts your car.
The ORIGINAL Black & Gray keys for the car have a specific code (unique) in each of them.
The Red key is used to program the imobilizer which specific codes the car is allowed to start with. The Prelude is limited to 5 codes. (Which originally translated to 5 keys, that is, until the T5 system came out.)
With the T5 key system, you can duplicate an original key. So while the car will only recognize up to 5 codes, you can now copy the keys as many times as you want... giving you an unlimited number of keys that you can create to start the car.
There are only 2 ways to get the system to work:
1) You buy an ECU with the immobilizer and a key from a wrecked Prelude. You can then install the ECU and the Immobilizer into the car, and have the key physically cut to your car's key, BUT the code copied from the wreck's key. (Have a few keys made at that time!)
2) You have the immobilizer AND it's Red Key. You then take the car to Honda, install the ECU (and the immobilizer if doing that too), and have them associate the immobilizer and the new ECU to work with each other. At the same time you need to give them all of your current car keys and have them tell the immobilizer to work with those key's codes.
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