December 27, 2011
LoJack Names Its Top Five Motorcycle Recoveries of the Year
LoJack today revealed the top five stolen motorcycle recoveries of 2011. From busting chop shops and recovering a bike stolen from a soldier recently back from Afghanistan to arresting thieves, these stories demonstrate how LoJack continues to be the most effective system today for protecting motorcycles from theft. Read More
December 27, 2011
LoJack Names Its Top Five Construction Equipment Theft Recoveries of the Year
LoJack today revealed the top five construction equipment theft recoveries of 2011. From busting chop shops to getting the bad guys behind these crimes and their weapons off the streets, LoJack continues to be the most effective system for protecting construction equipment from today’s sophisticated professional thieves. Read More
December 21, 2011
LoJack Announces Its Top 10 Auto Theft Recoveries of 2011
LoJack today announced its top 10 auto theft recoveries of 2011. From tracking down multiple carjackers and a kidnapper to recovering vehicles from inside garages and steel shipping containers, these stories demonstrate how LoJack continues to be the most effective system today for stolen vehicle recovery. Read MoreDecember 21, 2011
LoJack for Motorcycles Helps Recover Stolen Harley For Returning Soldier
LoJack today announced that its LoJack for Motorcycles System helped recover a stolen 2009 Harley Davidson Soft Tail motorcycle for an Army National Guardsman who had just returned from deployment in Afghanistan. Read MoreDecember 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
December 09, 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
December 05, 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 MoreNovember 07, 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
October 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 MoreSeptember 21, 2011
Sophisticated Tactics of Organized Car Thieves Drive Drop in National Recovery Rate of Stolen Vehicles
The FBI’s newly published 2010 Uniform Crime Report demonstrated that the national number of motor vehicle thefts is decreasing. While that’s good news, LoJack Corporation cautions consumers that the percentage of vehicles stolen and not recovered continues to drop and is at its lowest point in more than 25 years. In fact, 43.9 percent of vehicles stolen in 2010 were never recovered. Read More
August 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
August 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
July 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
June 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
June 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
May 03, 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
April 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
April 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
April 13, 2011
LoJack Releases Second Annual Vehicle Theft Recovery Report
LoJack released its second annual Vehicle Theft Recovery Report, highlighting results from its 2010 recoveries that provide valuable information on the ongoing issue of vehicle theft. In 2010, the LoJack Stolen Vehicle Recovery System helped law enforcement recover 10,649 stolen vehicles. Hondas topped the list of imports, with the 2000 Honda Civic ranking as LoJack’s most stolen vehicle recovered. GMs were the most recovered domestic vehicles. Read More
March 31, 2011
LoJack SafetyNet, Inc. Participates in Autism Awareness Events in Greater Boston, Philadelphia and Miami Areas
As part of its education initiative and in recognition that April is National Autism Awareness Month, LoJack SafetyNet, Inc. is participating in several autism awareness events in Massachusetts, Rhode Island, the Greater Philadelphia area and the Greater Miami area. Read MoreMarch 23, 2011
72-Year-Old Woman with Alzheimer’s Located Approximately Eight Blocks Away From Home by Philadelphia Police Department Using SafetyNet by LoJack System
The Philadelphia Police Department had their first SafetyNet rescue after a 72-year-old woman with Alzheimer’s was found after being reported missing. Detectives with the Philadelphia Police Department used their SafetyNet Search and Rescue Receivers to locate the woman who had wandered eight blocks away from her home and was sitting inside of an unlocked vehicle parked on the side of a main street. Read More
March 21, 2011
LoJack System Helps Police on Both Coasts Recover Stolen Vehicles Taken During Home Burglaries
In the past week alone, LoJack's Stolen Vehicle Recovery System helped police on both coasts recover several stolen vehicles – including two Porsche Carreras – that were stolen during home burglaries. The three home burglaries involving vehicle theft took place in California, Maryland and Pennsylvania. Read More
February 24, 2011
400th Chop Shop in Southern California Busted by LoJack
LoJack celebrated its 400th chop shop bust in Southern California, after the Long Beach Police Department recovered a stolen 2001 Acura Integra, which led them to several chop shops, the recovery of eight stolen vehicles and the arrest of seven suspects. Read More
February 16, 2011
LoJack Reports Fourth Quarter and Year End 2010 Results
LoJack today reported that consolidated revenue for the fourth quarter ended December 31, 2010 increased 12% to $40.0 million, from $35.6 million in the same quarter of the prior year. Read More
February 15, 2011
LoJack Elects Two New Directors to the Board
LoJack today announced it has elected two new directors to the LoJack Board, effective February 22, 2011: Gary E. Dilts and Marcia J. Hooper, who both bring highly relevant expertise to the Board. Mr. Dilts is an automotive industry veteran, with more than 35 years of experience in sales, operations and auto dealer relations. Read More
January 26, 2011
New Service That Helps Police Find and Rescue People Who Wander Now Available in Boston
LoJack SafetyNet, Inc. today announced at a press conference that its SafetyNet service is now available in the city of Boston. SafetyNet by LoJack 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. The service also provides public safety agencies with the tools and training to more effectively find and rescue those individuals if they wander and go missing.
Read MoreDecember 20, 2010
LoJack Announces Its Top 10 Auto Theft Recoveries of 2010
LoJack announced its top 10 auto theft recovery stories of 2010. From tracking down an alleged murderer in a stolen vehicle equipped with LoJack, to busting chop shops, to recovering police bait cars, to recovering a vehicle for the ninth time, these stories demonstrate LoJack’s effectiveness. Read MoreDecember 20, 2010
LoJack Reveals Its Top Five Stolen Motorcycle Recovery Stories of the Year
LoJack revealed its top five motorcycle theft recovery stories of 2010. Its system was instrumental in busting chop shops, recovering stolen bikes in just minutes and foiling thieves who used fraudulent means. Read MoreDecember 20, 2010
LoJack Reveals Its Top Five Construction Equipment Theft Recovery Stories of the Year
LoJack revealed its top five construction equipment theft recovery stories of 2010. They featured major theft ring busts, burglary busts and the arresting of the thieves behind these crimes. Read MoreDecember 09, 2010
First LoJack for Classics-Equipped Stolen Vehicle Recovered
LoJack, the company that invented the stolen vehicle recovery market, today announced that police recovered the first stolen classic car equipped with a LoJack for Classics system. The 1971 Chevrolet Chevelle Malibu, valued at approximately $20,000, was reported stolen on Sunday, December 5 in Vallejo, CA and tracked down – just one hour after LoJack for Classics was activated. Read More
December 08, 2010
LoJack Alert Reveals Growing Trend of Dealerships Across the Country Being Targeted by Car Thieves
LoJack today released its first Vehicle Theft Alert, which revealed that auto theft from car dealership lots has escalated over the past two months. Between September 21 and November 23, 2010, there were at least 12 instances – in nine different states – of dealer lot theft foiled by the LoJack Stolen Vehicle Recovery System. Read More
November 02, 2010
November is National Alzheimer's Awareness Month
Expert Scott Martin, Law Enforcement Director for SafetyNet, speaks to the dangerous issue of wandering and provides valuable tips that will help keep Alzheimer’s patients safe and offer peace of mind to their caregivers. This effort is part of SafetyNet’s education initiative to help protect people with this debilitating disease. Read MoreOctober 27, 2010
LoJack Reports Third Quarter 2010 Results
LoJack today reported that consolidated revenue for the third quarter ended September 30, 2010 increased 7% to $38.5 million. Read More
October 22, 2010
Tennessee Titans' Defensive Tackle Jovan Haye Has His 2010 Land Rover Stolen; Vehicle Recovered by LoJack in Less Than Two Hours
Tennessee Titans’ Defensive Tackle Jovan Haye's 2010 Land Rover was stolen on Monday from a dealership while it was being serviced. Fortunately, his vehicle was equipped with LoJack and the Land Rover was recovered in just 92 minutes by Metro Nashville Airport police with no damage except a few surface paint scratches.
Read MoreOctober 22, 2010
Elderly Man with Alzheimer’s Rescued Within 35 Minutes by Hillsborough County Sherriff’s Office Using SafetyNet by LoJack System
On October 27, a 75-year-old male resident of Hillsborough County who has Alzheimer’s disease went out for a walk with his wife, went missing and did not return home. Upon realizing that he was missing, his wife immediately called 911. Within only 30 minutes, ground units equipped with LoJack Search and Rescue Receivers picked up a signal from the missing man’s bracelet and ultimately rescued the man. Read More
September 27, 2010
LoJack Offers Stolen Vehicle Recovery System Designed Specifically to Protect Classic Cars
LoJack, the company that invented the stolen vehicle recovery market, today announced LoJack for Classics, a stolen vehicle recovery system that is specially designed to meet the unique requirements of classic cars and help owners protect the investment they make in these one-of-a-kind vehicles. Read More
September 14, 2010
FBI Releases 2009 Crime Statistic Report; Recovery Rate of Stolen Vehicles is at a 25-Year Low
While the FBI’s newly released 2009 Crime Statistics report indicates that the national vehicle theft rate is decreasing, LoJack Corporation cautions consumers that the national recovery rate is at its lowest point in 25 years. In fact, 43.2 percent of cars and trucks stolen in 2009 were never recovered. Read More
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.
Read More
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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