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Contact:
Paul McMahon, LoJack Corporation
(781) 326-4700
Jessica Higgins, FitzGerald Communications, Inc.
(617) 488-9500 ext. 214
More than 50,000 vehicle have been
recovered across the United States as police coast to coast use
LoJack's vehicle recovery solution
Westwood, MA, May 31, 2002
- Proving that its stolen vehicle recovery system is the most
effective in the industry, LoJack Corporation (NASDAQ: LOJN) is
proud to announce that its patented technology has helped law
enforcement officials in the United States recover more than $1
billion in assets, or 50,000 automobiles, to date. LoJack's wireless
radio frequency-based stolen vehicle recovery technology is the
only system with direct connections to more than 1500 police departments
across the country. Additionally, LoJack technology is in use
in over 20 countries around the globe, where more than 40,000
recoveries have been made as the company looks toward meeting
a similar milestone abroad.
The 50,000th recovery milestone was reached
overnight in Los Angeles, California when local police tracked
a lead filed late last night. Upon discovery of the auto theft,
the owner of the stolen Lincoln Navigator notified the LAPD to
process the missing vehicle into a statewide stolen vehicle system.
In less than 24 hrs the LAPD Air-11 helicopter picked up the silent
LoJack signal of the stolen 1998 Navigator and tracked it to a
small repair shop off of the Hollywood Freeway.
In an attempt to evade the police aviation
unit, the suspect fled the scene. The LAPD helicopter radioed
for assistance from fellow officers on the ground. Now in foot
pursuit, the officers were able to catch the suspect, who was
then taken into custody. The suspect was booked and currently
there is an investigation underway to determine the probability
of fraud at the shop where the vehicle was first identified.
"This milestone and LoJack's ongoing
success comes from a combination of our proven wireless radiofrequency
technology and the relationships we have with local, state and
county police; departments across the country," said Ron
Rossi, chief executive officer. "Our commitment to recovering
stolen vehicles and equipment is reiterated with the achievement
of this milestone, and we'd like to thank the law enforcement
officials who use the LoJack System on a daily basis to track
and recover stolen vehicles."
Available since1986, LoJack uses a patented
radio-frequency transceiver that is hidden on the body of a vehicle;
when it is reported stolen, silent radio signals are emitted from
this radio transceiver, allowing police to follow;the signal to
locate the vehicle. The LoJack System can be installed on both
consumer automobiles and on commercial equipment. Unlike global
positioning systems, wireless radio frequency technology does
not require antennae that can be dismantled, and radio frequency
signals can even be detected from within a building, allowing
police to trace the signal to the specific location of the vehicle.
Using LoJack's tracking unit, police have
tracked signals to hundreds of "chop shops" and other
locations to successfully recover over one billion dollars in
assets and stolen property. In addition to stolen automobile recoveries,
the LoJack system has also helped many law enforcement officials
crack down on various other crimes that are often linked to stolen
vehicles, including drug-trafficking, larceny and home invasions
and illegal export theft rings.
LoJack's "Eye in the Sky" program
gives law enforcement officials the ability to track auto thieves
on the ground and in the air, aided by LoJack's wireless radio
frequency technology installed in the police aviation units.
About LoJack Corporation
LoJack Corporation is the recognized world leader in stolen vehicle
recovery technology. In the U.S., its stolen vehicle recovery
system, utilized by law enforcement agencies, has maintained a
more than 90 percent successful recovery rate during the sixteen
years it has been available to the consumer. On a global scale,
LoJack is operated by law enforcement and security organizations
in more than 20 countries in Europe, Africa, Asia and North and
South America. In the U.S., the LoJack System operates coast-to-coast
in 20 states and the District of Columbia, representing the areas
of the country with the greatest population density, highest number
of new vehicle sales and incidents of vehicle theft.
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