CANTON, MA — August 5, 2013—LoJack Corporation (NASDAQ: LOJN), a provider of vehicle theft recovery and advanced fleet management solutions, today announced that it will be expanding its stolen vehicle recovery presence into the state of New Mexico. LoJack’s Stolen Vehicle Recovery Network will initially include tracking and recovering coverage in and around the cities of Albuquerque, Santa Fe and Las Cruces beginning in December 2013.
The National Insurance Crime Bureau (NICB) ranks Albuquerque among the top locations nationwide for vehicle theft, with more than 3,700 vehicles stolen in the city’s Metropolitan Statistical Area (MSA) in 2012. Expanding LoJack’s presence into New Mexico will create a more comprehensive LoJack Stolen Vehicle Recovery Network in the U.S. and enhance coverage along the Mexican border. According to the most recent data from the FBI’s Uniform Crime Report (2011), approximately one-third of the vehicles stolen in the U.S. were from the four states bordering Mexico (New Mexico, California, Arizona and Texas).
LoJack’s expansion into New Mexico was requested by the New Mexico Department of Public Safety, which was looking to increase their efforts in combatting vehicle theft. More than 90 percent of stolen cars, trucks and SUVs equipped with the LoJack® Stolen Vehicle Recovery System have been recovered, with more than 300,000 vehicles and pieces of heavy equipment recovered worldwide, totaling nearly $4 billion in assets.
LoJack is currently deploying the necessary infrastructure such as radio towers and Police Tracking Computers, as well as training local authorities within the Albuquerque Police Department and New Mexico Department of Public Safety – at no cost to the agencies or taxpayers – on how to most effectively track and recover vehicles equipped with a LoJack System. Participating New Mexico law enforcement agencies are expected to be able to track and recover stolen cars, trucks, SUVs, heavy equipment and motorcycles equipped with a LoJack System beginning in December 2013.
“We’re flattered that the New Mexico Department of Public Safety approached us about expanding our Stolen Vehicle Recovery Network into the great state of New Mexico,” said Randy L. Ortiz, CEO and President of LoJack. “It speaks volumes about the effectiveness of our stolen vehicle recovery technology, deep integration with law enforcement and recognizable brand that’s associated with safety, security and protection.”
The LoJack System will enable local and regional law enforcement agencies the ability to offer a new level of vehicle theft protection to residents. LoJack created its Stolen Vehicle Recovery System specifically to operate within the processes and procedures of law enforcement, providing a highly effective, turnkey method for system activation and asset recovery.
How the LoJack System Works
The LoJack Stolen Vehicle Recovery System includes a small wireless radio-frequency transceiver that is hidden in a vehicle; and Police Tracking Computers (PTCs) that are installed in police cars, helicopters and fixed-wing aircraft. Once the vehicle is reported stolen to the police, the vehicle’s identification number is matched to the LoJack System’s registration number by state and national law enforcement computers. After the match, the LoJack System is activated by police, which causes the small, hidden radio transceiver in the vehicle to emit a silent, continuous signal. Law enforcement vehicles and aircraft equipped with LoJack PTCs follow these signals, which can lead to the precise location of the stolen vehicle. The better than 90 percent recovery rate for stolen cars, trucks and SUVs equipped with the LoJack System has translated over the years into nearly $4 billion in recovered assets worldwide.
Availability of the LoJack System
The LoJack Stolen Vehicle Recovery System will be available for sale at automobile dealerships in New Mexico. If you are interested in becoming a participating LoJack Stolen Vehicle Recovery System dealership, please contact John Raber, Regional Vice President of Sales at LoJack, at firstname.lastname@example.org or call (424) 278-2063. To locate an authorized dealer of the LoJack System, visit www.lojack.com or call 1-800-4-LOJACK (1-800-456-5225).
About LoJack Corporation
LoJack Corporation, the company that invented the stolen vehicle recovery market more than 25 years ago, is the global leader in finding and recovering a wide range of mobile assets including cars, construction equipment and motorcycles-having recovered nearly $4 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 conditions such as autism and Alzheimer's.
For more information, visit www.lojack.com, www.autotheftblog.com, www.youtube.com/lojack, www.twitter.com/LoJackCorp or www.Facebook.com/LoJackCorp.
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