LoJack Hits Milestone in Vehicle Recovery

December 13, 2004

LoJack Corp., a marketer of wireless tracking and recovery products, announced it recovered a milestone 75,000th stolen vehicle in the United States, which translates to a total of $1.5 billion in assets over the company’s 18-year history.

“We are proud not only to achieve this milestone but, most importantly, of our ability to provide law enforcement with proven systems and processes that help combat the escalating problem of auto theft,” said Joseph Abely, LoJack’s president and COO. “LoJack’s direct integration with law enforcement and our system’s highly covert nature make it the most effective stolen
vehicle recovery solution available and has enabled us to deliver a better than 90 percent success rate for nearly two decades.”

The recovery, which took place in Los Angeles last Friday, Nov. 12,
involved a stolen 2002 Cadillac Escalade, which was tracked and recovered by the Los Angeles Police Department 77th Division using LoJack’s Stolen Vehicle Recovery System.

For this recovery, the vehicle was actually tracked down in only five
minutes via the LAPD’s use of the LoJack Stolen Vehicle Recovery System. The criminals in this case reportedly managed to disengage the vehicle’s GPS system by cutting its wires and removing the fuses, illustrating the sophistication of today’s car thieves and the importance of covert systems that are nearly impossible for thieves to locate and render ineffective. Three suspects were arrested and the case is being investigated. The Escalade was returned to the owner with virtually no damage.

The LoJack System is the only stolen vehicle recovery system to be
directly integrated with law enforcement. The company’s Police Tracking Computers are installed in police vehicles, helicopters and fixed-wing aircraft. The LoJack System includes a small wireless radio-frequency transceiver that is hidden in a consumer’s vehicle in one of 25 possible locations at the time of purchase.

Once the vehicle is reported stolen to the police, the vehicle identification number is matched to the LoJack System by state law enforcement computers. After the match, the LoJack System is activated by police, emitting silent radio signals from the hidden radio transceiver. Law enforcement vehicles and aircraft equipped with LoJack technology follow these signals, which lead to the stolen vehicle.

The 90 percent recovery rate for vehicles equipped with LoJack has reportedly translated over the years into $1 billion in recovered assets in the United States.

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