CANTON, MA—February 11, 2013—LoJack Corporation (NASDAQ: LOJN), the company that created the Stolen Vehicle Recovery market, has appointed Emad Isaac as Chief Technology Officer. A telematics expert, Isaac has almost 20 years of product development experience in areas including research, development, architecture and product management.
Before joining LoJack, he served as Senior Vice President and Chief Technology Officer at Rand McNally, where he created product roadmaps and portfolios for the telematics, navigation, and digital media businesses. He also was responsible for the overall technology direction, manufacturing operations and strategy, advising the CEO and board of directors on technology matters and product offerings.
“Emad’s professional experience and technical expertise, combined with his proficiency in vehicle telematics, are ideal skills to help us achieve our strategic objectives,” said Randy Ortiz, LoJack’s Chief Executive Officer and President. “Over the course of his career, Emad has developed a finely tuned technology vision, and he has consistently applied that vision to work collaboratively with strategic partners to produce products and services consumers want and value. We are excited to welcome him to the LoJack team.”
Prior to Rand McNally, Isaac was Chief Technology Officer at Morey Corporation, an electronics manufacturing services company, from 2005 to 2011. In addition to guiding Morey’s strategic technical direction and overseeing intellectual property positioning, he identified new technologies, services and business opportunities that helped to double the company’s revenue over the period. From 2000 to 2005 Isaac was Systems Architect and Distinguished Member of the Technical Staff at Motorola, where his responsibilities included defining systems architecture and requirements for key telematics technologies such as GM OnStar, BMW Assist and Mercedes Benz Systems. He also has served in engineering roles at Navistar International, CAE Electronics and Paramax.
Since 2009, Isaac has been an instructor for the Society of Automotive Engineers, teaching a course titled, “A Holistic Introduction to Commercial Telematics.” He received a bachelor’s degree in Science in Engineering from McGill University, a bachelor’s degree in Biomechanics from Concordia University, a master’s degree in Engineering Management from Northwestern University and a master’s degree in Biomechanics from the University of Arizona. Isaac holds 10 patents.
About LoJack Corporation
LoJack Corporation, the company that has helped more than nine million people protect their vehicles in the event of theft over the past 25+ years, today provides safety, security and protection for an ever-growing range of valuable assets and people. Leveraging its core strengths, including its well-known brand, direct integration with law enforcement and dealer distribution network, LoJack Corporation is expanding into new areas across the continuum from theft deterrence to recovery. The Company is focusing on creating a new level of value for its dealer, customer and investor communities by delivering innovative offerings, multiple technologies in expanding geographies. For more information, visit www.lojack.com, www.autotheftblog.com, www.youtube.com/lojack, www.twitter.com/LoJackCorp or www.Facebook.com/LoJackCorp.
Safe Harbor Regarding Forward Looking Statements
From time to time, information provided by LoJack or statements made by its employees may contain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements in this news release that are not statements of historical fact are forward-looking statements. You can identify these statements by use of the words “assumes,” “believes,” “estimates,” “expects,” “will,” “intends,” “plans,” “projects” and similar expressions that do not relate to historical matters. Such forward-looking statements are based on a number of assumptions and involve a number of risks and uncertainties that could cause actual results to differ materially, including risks associated with the continued and future acceptance of LoJack’s products and services, competition, LoJack’s relationships with licensees, dealers and agents, LoJack’s ability to respond to technological change to meet evolving customer needs, and changes in general economic or geopolitical conditions and conditions in the automotive retail market. For a further discussion of these and other significant factors to consider in connection with forward-looking statements concerning LoJack, reference is made to LoJack’s Annual Report on Form 10-K for the year ended December 31, 2011 and LoJack’s other filings with the Securities and Exchange Commission. Readers should not place undue reliance on any forward-looking statements, which only speak as of the date made. Except as required by law, LoJack undertakes no obligation to update any forward-looking statements.
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