PRESS RELEASES

United Rentals Fights Equipment Theft With LoJack Company Safeguards Valuable Assets and Manages Risk

Westwood, MA, September 21, 2001 - LoJack Corporation (Nasdaq: LOJN): When valuable equipment is stolen from work sites, no matter how large or small the business, the cost is high. For the insurance firm holding the policy, theft of equipment results in capital expenditures and the replacement of the equipment. For the policyholder, equipment theft and loss results in higher policy charges. No one wins, with the exception of the thieves.

One innovative company has found an answer to the escalating problem of equipment theft by utilizing a silent, invisible partner and proven ally in limiting losses, for themselves as well as for their customers.

United Rentals, Inc. the largest construction equipment rental company in North America with over 3.5 billion dollars in assets, and 750 locations in 47 states and Canada, began installing LoJack tracking devices on their equipment in 1999. Since that time, more than 4,000 pieces of United Rentals equipment (those with the highest theft incidence) ranging from light towers to heavy duty dump trucks, have been equipped with LoJack.

"United Rentals is a pioneer in asset tracking. We are one of the first companies to embrace securing our assets wirelessly," said Grace Crickette, Vice President Risk Management, A.R.M. "We take a very pro active stance in safeguarding our property, and we have seen a difference in our bottom line, in our insurance premiums, as well as in ensuring that our materials are on the job. Because most of our LoJack equipped property has been recovered in less than 24 hours, there is less damage. That means that the units can be put back to work more rapidly."

With over 500,000 individual equipment items in their inventory, and more than 600 types of equipment ranging from heavy equipment to hand tools, United Rentals sought a system that would help to ensure that, if stolen, their valuable equipment would be returned, and at the same time, benefit their customers by decreasing their insurance liability.

As is the case with most commercial rental firms, companies that rent or lease from United Rentals are responsible for the equipment that they contract for while it is in their possession. Should the equipment be stolen, the company or individual that is renting the equipment, as well as their insurance company, must reimburse United Rentals. By equipping their construction equipment with LoJack tracking devices, United Rentals found a way to benefit their customers and themselves, as well as the insurance industry, by eliminating the need to replace the costly equipment.

Discussing United Rentals use of LoJack as a tool for reducing property loss and insurance costs, Crickette said, "United Rentals is covering more and more of its fleet with LoJack. Since installing the LoJack tracking units, police around the country have been able to recover almost $1 million in stolen assets. Our recovery rate of stolen units more than doubled from 1999 to 2000 because we have equipped so many lease and rental units with LoJack tracking devices."

Commenting on the issue of commercial theft, LoJack President and COO Joseph F. Abely stated, "Theft of equipment is a tremendous concern for a company such as United Rentals, as is their commitment to their customers. When we introduced our new LoJack tracking units for construction and equipment, United Rentals realized the value of being able to safeguard their property in a cost-effective manner, while also ensuring that their valuable customers have access to their equipment with adequate insurance coverage."

A diverse array of United Rentals equipment, stolen from active job sites all around the country, has been recovered because the company had the foresight to protect their equipment with LoJack. Todd Ehrlich, Director, Corporate Security for United Rentals said, "The devices have eliminated the investigative burden for the company, and to a significant degree, the police. Not only does it help us recover our LoJack secured equipment, they have also led police to caches of stolen equipment that have been hidden in the same location as the LoJack equipped equipment."

United Rentals, Inc. is the largest equipment rental company in North America, with more than 750 locations in 47 states, seven Canadian provinces, and Mexico. The Company's 15,000 employees serve over 1.2 million customers including construction and industrial companies, manufacturers, utilities, municipalities, homeowners and others. The Company offers for rent over 600 different types of equipment with a total original cost of approximately $3.5 billion. Additional information about United Rentals is available at the Company's web site at www.unitedrentals.com.

LoJack Corporation develops and markets the most widely used stolen vehicle recovery technology utilized by law enforcement and security organizations in the world. Its radio frequency based system is the most successful tracking technology available today. Over 40,000 stolen vehicles equipped with the LoJack System have been recovered by U.S. law enforcement agencies.

Contact:
Paul McMahon, Corporate Communications
(781) 326-4700

Jane Bartnett
Jane Bartnett Communications, Inc.
(516) 897-9017