Increasingly Popular Off Road Vehicles Benefits from LoJack’s Radio Frequency Technology and Integration with Law Enforcement for Recovery
WESTWOOD, MA—May 6, 2009— LoJack Corporation (NASDAQ: LOJN), the premier worldwide provider of tracking and recovery systems, today announced that its Ruggedized Stolen Vehicle Recovery (SVR) System is now available for Utility Terrain Vehicles (UTVs) – side-by-side, off-road vehicles that can carry up to six passengers. UTVs join construction equipment and commercial vehicles already protected by LoJack’s Ruggedized SVR System.
The 12-Volt LoJack Ruggedized System is comprised of a self-contained, one-piece housing unit that holds an internal antenna, transmitter and backup battery and is designed to handle the rigors of off-road riding. Water, dust and chemical resistant, the LoJack System is covertly installed in one of many possible locations on a UTV. The transmitter uses Radio Frequency technology, which can penetrate dense trees, underground locations or steel or concrete structures. Also part of the system are Police Tracking Computers (PTCs) that are installed in police vehicles, helicopters and fixed-wing aircraft and are used to track and recovery stolen UTVs.
“The popularity of UTVs in North America has greatly increased as sales in North America jumped 155 percent* from 2002 to 2007. As such, we are very pleased to offer UTV enthusiasts a powerful solution to protect their valuable assets,” said Ronald V. Waters, LoJack’s President and Chief Executive Officer. “Today’s riders are investing thousands of dollars into their UTVs and our experience shows us that increased popularity traditionally translates into increased theft. Thus, our Ruggedized Stolen Vehicle Recovery System addresses a market need for effective theft protection solutions for UTVs.”
How LoJack Works The Ruggedized LoJack Stolen Vehicle Recovery System utilizes a small wireless radio-frequency transceiver that is hidden in a UTV in one of many possible locations at the time of purchase. To participating law enforcement agencies LoJack donates Police Tracking Computers (PTCs) that are installed in police cars, helicopters and fixed-wing aircraft. Once a UTV is reported stolen to the police, the vehicle’s identification number is matched to the LoJack System’s registration number by state law enforcement computers. After the match, the LoJack System is activated by police, which causes the small, hidden radio transceiver in the UTV to emit a silent signal. Law enforcement vehicles and aircraft equipped with LoJack PTCs follow these signals, which lead to the precise location of the stolen UTV. In more than 20 years, LoJack has recovered more than $5 billion in stolen assets worldwide.LoJack AvailabilityTo purchase the Ruggedized LoJack System directly or to find the location of the nearest participating UTV dealer, customers should contact LoJack at 1-800-4-LOJACK (1-800-456-5225). The suggested retail price for the 12-Volt Ruggedized LoJack System is $795, which is a one-time charge with no recurring fees.
About LoJack Corporation
LoJack Corporation, the company that invented the stolen vehicle recovery market more than two decades ago, is the global leader in finding and recovering a wide range of mobile assets including cars, construction equipment and motorcycles – having recovered more than $5 billion USD in stolen assets worldwide. In today’s rapidly changing world, LoJack’s core competencies are more valuable and more relevant than ever as they are now being applied into new areas, such as the prevention, detection and recovery of stolen cargo and finding and rescuing people with cognitive disorders such as Alzheimer’s and autism. LoJack has the proven processes, ultimate technology for recovery – Radio Frequency – and unique integration with law enforcement agencies, making its offerings the most effective solutions that not only deliver a wide range of recoveries, but also enhance the safety of the public on a global level. LoJack’s Stolen Vehicle Recovery System operates in 27 states and the District of Columbia, and in more than 30 countries throughout North America, South America, Europe, Africa and Asia. For more information, visit www.lojack.com.