August 24, 2010
LoJack's "Hottest" Stolen Vehicle Recoveries of the Summer
It has been a summer of “hot” stolen vehicle recoveries across the country. The recoveries announced by LoJack feature the fraudulent use of credit cards, a car-jacking, a chop shop operation and a car targeted for parts. Read More
August 04, 2010
LoJack Reports Second Quarter 2010 Results
LoJack today reported consolidated revenue for the second quarter ended June 30, 2010 increased 6% to $37.4 million, from $35.4 million in the same quarter of the prior year. Revenue in the company’s North America segment increased 4% to $25.8 million for the quarter and revenue in the company’s international segment increased 3% to $10.3 million. The company’s other businesses, particularly SafetyNet and Supply Chain Integrity, also contributed to the overall 6% increase in consolidated revenue for the second quarter. Read More
June 29, 2010
July 4th Weekend Kicks off Hottest Season for Vehicle Theft
This is the hottest season of the year for vehicle theft with July and August ranking as the highest months for theft. Moreover, the national rate of vehicles stolen and not recovered is at its highest point in more than 20 years, with sophisticated thieves making a big business out of vehicle theft. To help drivers keep their vehicles safe from theft while they are on the road this summer, LoJack and NICB are embarking on their fourth annual education initiative, which kicks off this July during “National Vehicle Theft Protection Month.” Read More
June 25, 2010
LoJack Announces Strategic Restructuring and Workforce Reduction
LoJack reported today that it has restructured the company’s operations and reduced staffing to maintain and strengthen the company’s position in the marketplace. These initiatives principally affect the company’s corporate headquarters and field sales organization. The approximately $1.8 million charge related to these cost reductions will be reflected in the second quarter of this year and provide a benefit of approximately $3.5 million over the remainder of 2010, with an annualized benefit of approximately $6.8 million beginning in 2011. The work force reductions are expected to be completed in the second quarter of 2010. Read More
June 02, 2010
Construction Equipment Theft Remains Major Issue for Today's Business Owners, LoJack Annual Theft Study Reveals
LoJack today announced the results of its tenth annual Construction Equipment Theft Study in a report that provides valuable information on the ongoing issue of equipment theft—a problem that collectively cost owners 13,452* stolen pieces of equipment in 2009, 82 percent of which were never recovered. According to the study, which analyzed LoJack stolen vehicle recovery reports for 2009, construction theft continued to be driven by organized crime rings, with towables being the top theft target.
Read MoreMay 26, 2010
Memorial Day Ranks as One of the Top Holidays for Vehicle Theft
According to the National Crime Information Center’s (NCIC) latest data, 2,599 vehicles were stolen on Memorial Day in 2008, making it the fifth most targeted holiday for vehicle theft. The AAA forecasts that 32.1 million Americans will travel more than 50 miles away from home this Memorial Day weekend—providing a wealth of targets for today’s sophisticated car thieves.
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May 24, 2010
LoJack Names Richard T. Riley Chairman of the Board, President and Chief Executive Officer
LoJack reported today that Richard T. Riley, previously Executive Chairman of the Board, has become Chairman of the Board, President and Chief Executive Officer. Ronald V. Waters resigned as Chairman of the Board, President and Chief Executive Officer of LoJack effective May 24, 2010, for personal reasons. Read More
May 17, 2010
LoJack Notes that While Vehicle Theft Declines, National Recovery Rate of Stolen Vehicles Reaches 20+ Year High
While the National Insurance Crime Bureau’s (NICB’s) Hot Spots release issued today indicates that the national vehicle theft rate declined for the sixth consecutive year, LoJack Corporation cautions consumers that the national recovery rate is at its lowest point in over 20 years. In fact, 43 percent of vehicles stolen in 2008 (latest FBI data) were never recovered, amounting to 411,444 stolen vehicles not returned to their rightful owners. Read More
April 22, 2010
LoJack Launches Stolen Vehicle Recovery System in Utah
LoJack today announced that its Stolen Vehicle Recovery System is now available to consumers in the greater Salt Lake City area. With the LoJack Stolen Vehicle Recovery System entering Utah and greater Salt Lake City, vehicle owners now can have a proven solution that enables police to recover their vehicle if stolen. Read More
March 25, 2010
April is National Autism Awareness Month
In recognition that April is National Autism Awareness Month and to address a top concern among parents about wandering or “bolting,” LoJack today launched SafetyNetSource, its new information and resource center. SafetyNetSource (www.safetynetsource.com) offers a variety of valuable resources for caregivers of those with autism or Alzheimer’s, compelling content from across the web, access to the SafetyNetSource Twitter feed and YouTube channel, as well as a Facebook page to help caregivers communicate with one another and engage in a community of support. Read More
March 03, 2010
LoJack Corporation Reports Fourth Quarter and Year End 2009 Results
LoJack reported today that revenue for the fourth quarter ended December 31, 2009 declined 26% to $35.6 million, from $48.2 million in the same quarter a year ago. The net loss attributable to LoJack Corporation for the fourth quarter of 2009 was $2.3 million or $0.13 per diluted share, compared to net income attributable to LoJack Corporation of $0.2 million or $0.01 per diluted share in the same quarter a year ago. Read More
February 18, 2010
LoJack Corp. Announces Retirement of General Counsel Thomas A. Wooters
LoJack announced today that Thomas A. Wooters has retired from the position of Executive Vice President and General Counsel. Mr. Wooters will remain with the company in a part time capacity as Vice President of Regulatory Strategy. He is succeeded by Kathleen P. Lundy as Vice President and General Counsel. Read More
February 18, 2010
LoJack Releases Auto Theft Recovery Report
LoJack today released its first Auto Theft Recovery Report, highlighting results from LoJack’s 2009 recoveries. The report provides valuable information regarding the ongoing issue of auto theft, which according to the FBI’s latest theft data (2008) remains a major issue despite a declining number of thefts. In 2009, LoJack had a 90 percent success rate recovering 11,382 LoJack-equipped stolen vehicles valued at nearly $133 million. Read More
February 16, 2010
Lojack Corp. Announces Management Succession
The Board of Directors of LoJack announced that Richard T. Riley will retire as Chairman of the Board of Directors, a position he has held since 2006, effective May 20, 2010. Mr. Riley will remain a member of the Board of Directors. Ronald V. Waters, III, President and Chief Executive Officer, will become Chairman of the Board of Directors on May 20, 2010. Read More
February 04, 2010
Media Advisory: Across the Country, Numerous Incidents Reported of People with Alzheimer's Wandering Off and Tragically Dying
LoJack SafetyNet Expert Offers Tips on How to Keep Loved Ones Safe From Life-Threatening Wandering. Read More
January 15, 2010
Three Major Recoveries in Three Days Highlight the Effectiveness of the LoJack Stolen Vehicle Recovery System
LoJack today announced three major recoveries in the past week in Southern California, which resulted in the rescue of a four-year-old child, the recovery of more than $1,000,000 worth of construction equipment and vehicles, and the arrest of two car thieves. Read More
January 05, 2010
LoJack Corporation Enters Into a $30 Million Multi-Currency Credit Agreement
LoJack reported today that on December 29, 2009 the company entered into a multi-currency revolving credit agreement for USD$30 million, replacing its prior multi-currency credit agreement. Read More
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