Press Release Archives

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12/15/2011
New Year’s Day Ranks as the Top Holiday for Vehicle Theft

New Year’s Day continues to rank as the most popular holiday for vehicle theft, according to the latest data form the National Crime Information Center (NCIC). In 2010, car thieves rang in the New Year by stealing 2,347 vehicles (that’s one vehicle stolen every 36.8 seconds). Read more »

12/9/2011
LoJack Awards $25,000 to Winner of Company’s 25th Anniversary Sweepstakes Contest

To help commemorate 25 years in business, LoJack today presented Darvin Nomann of Tempe, AZ with the grand prize in the company’s 25th Anniversary Sweepstakes Contest that ran from July 5 to Oct. 10, 2011. Mr. Nomann was presented with a $25,000 check at a ceremony that took place at the Lexus of Chandler dealership, where he registered to enter the contest. Read more »

12/5/2011
LoJack Reactivates Stock Repurchase Plan

LoJack today announced that on November 23, 2011 it reactivated its previously announced stock repurchase plan and began repurchasing shares thereunder. Prior to commencing the most recent repurchases, LoJack had remaining authority from its Board of Directors to repurchase up to 1,681,778 shares of common stock under its repurchase plan, but had not repurchased any shares since 2008. Read more »

11/7/2011
LoJack Corporation Reports Third Quarter 2011 Results

LoJack Corporation today reported its financial results for the three and nine-month periods ended September 30, 2011. The company reported that consolidated revenue for the third quarter of 2011 was $34.5 million, down 10.4% from $38.5 million in the same quarter last year. Read more »

10/17/2011
LoJack Corporation Appoints Auto Industry Veteran Randy L. Ortiz as CEO and President; Donald R. Peck Named EVP and CFO

LoJack today announced the appointment of Randy L. Ortiz, a recognized auto industry veteran with nearly 30 years of experience at Ford Motor Company, as Chief Executive Officer and President. LoJack also named Donald R. Peck, a Chief Financial Officer, CPA and attorney with more than 30 years of business experience, as Executive Vice President and Chief Financial Officer. Read more »

9/21/2011
Sophisticated Tactics of Organized Car Thieves Drive Drop in National Recovery Rate of Stolen Vehicles

Recent LoJack Success Stories Demonstrate Systems’ Ability to Defeat Thieves and Return Stolen Vehicles to Owners Read more »

8/23/2011
LoJack Offers Early Warning Notification Feature to Protect Classic Cars & Other Specialty Vehicles in the Event of Theft

LoJack today announced that its highly effective Early Warning notification feature is now available for the LoJack for Classics Stolen Vehicle Recovery System. Early Warning offers advanced theft protection by contacting classic car and specialty vehicle owners regardless of where they are in up to five different ways – via home phone, work phone, cell phone, e-mail and text message – if their vehicle is moved without permission. Early Warning can significantly reduce the time between theft discovery and vehicle recovery. Read more »

8/15/2011
LoJack SafetyNet Offers Free Tracking and Rescue Devices to Help Protect People at Risk of Wandering

In an effort to provide valuable protection to individuals at risk of wandering and as part of the celebration of its 25th anniversary, LoJack Corporation and its wholly-owned subsidiary LoJack SafetyNet, Inc. are offering 1,500 free SafetyNet devices for a limited time only Read more »

8/2/2011
LoJack Corporation Reports Second Quarter 2011 Results

LoJack Corporation (NASDAQ GS: “LOJN”) today reported solid year over year growth in bottom line profitability and cash generation on lower than expected revenue for the quarter ended June 30, 2011 as compared to the quarter ended June 30, 2010.  Consolidated revenue for the second quarter of 2011 was $33.5 million, down 10% from $37.4 million in the same quarter of the prior year. Read more »

7/12/2011
LoJack Celebrates 25th Anniversary

LoJack Corporation (NASDAQ: LOJN), the company that created the stolen vehicle recovery market, celebrates its 25th anniversary this July. A venerable brand, LoJack has entered into the nation’s vernacular. With a nearly 90 percent name recognition, the brand has literally become synonymous with “all things recovery.” Since the LoJack Stolen Vehicle Recovery System was first introduced in 1986, more than 300,000 stolen cars, SUVs, light trucks, motorcycles, heavy equipment and construction equipment worth nearly $4 billion USD have been recovered globally. Plus, at a time when the national recovery rate for stolen vehicles is at a 25+ year low—nearly 57 percent—the recovery rate for stolen LoJack-equipped assets that are reported stolen remains at 90 percent. Read more »

6/22/2011
First Week of Summer Kicks Off Hottest Season for Vehicle Theft

Summer is the hottest season of the year for vehicle theft, with July and August ranking as the highest auto theft months of the year, and July 4th in particular ranking #3 (latest FBI data) on the list of holidays with the highest incidents of vehicle theft. In order to help owners protect their vehicles from today’s sophisticated professional car thieves -- particularly while they are out on their summer drive vacations -- the National Insurance Crime Bureau and LoJack Corporation are embarking on their fifth annual National Vehicle Theft Protection Month effort. Read more »

6/16/2011
LoJack System Leads Police to Bust Commercial Theft Ring Involving Stolen Equipment Worth $226,500

LoJack Corporation today announced that a stolen 2006 Sullair Compressor equipped with the LoJack Stolen Vehicle Recovery System led law enforcement in Southern California to bust a large commercial theft ring involving a total of 13 pieces of stolen equipment valued at $226,500. While the investigation is ongoing, a suspect has been arrested. Read more »

5/3/2011
LoJack Reports First Quarter 2011 Results

LoJack today reported consolidated revenue of $30.3 million for the first quarter ended March 31, 2011 compared to $30.8 million in the same quarter of the prior year. Revenue in the company's North America segment was $22.4 million, while revenue for its International segment was $7.2 million. Read more »

4/28/2011
Plymouth County Sheriff, Local PDs Partner to Bring SafetyNet Service to Community

A new service that works directly with local law enforcement and is designed for people with autism and Alzheimer’s who are at risk of wandering is now available in almost every corner of Plymouth County. The Sheriff’s Department, local police departments and LoJack SafetyNet have worked together to bring the SafetyNet by LoJack service to a majority of communities in Plymouth County. Read more »

4/22/2011
SafetyNet Service Now Available in Miami-Dade

LoJack SafetyNet, Inc., a wholly owned subsidiary of LoJack Corporation, today announced that its SafetyNet service is now available in Miami-Dade County. The SafetyNet service helps caregivers provide an added layer of protection for loved ones with cognitive conditions such as autism and Alzheimer’s from the life-threatening behavior of wandering. Read more »

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