New Orleans, LA - February 6, 2012 - LoJack Corporation (NASDAQ: LOJN), the company that invented and leads the Stolen Vehicle Recovery category, today introduced its next generation, ruggedized Stolen Vehicle Recovery System for construction equipment and commercial vehicles at the American Rental Association's "The Rental Show" in New Orleans, LA. This self-powered, Radio Frequency-based System is based on a proprietary power management protocol, which enables a battery life that can be warranted up to seven years, far surpassing the 30-day battery life of even the most sophisticated GPS solutions.
The next generation construction equipment and commercial vehicle recovery system is entirely self-contained (no wires) and does not require constant charging to any power source. This not only streamlines the installation process, but also enables the system to be installed on a greater array of equipment-especially those that do not have a power source such as electric forklifts, solar-powered assets and equipment using alternative fuels. Because the battery is self-contained, the LoJack System can now be hidden in additional locations on a piece of equipment, making it that much more covert-and even more effective for tracking and recovering stolen construction equipment.
"We developed this new LoJack System in response to our customers, who have been asking for a recovery solution that will protect a broader array of equipment. Our certified installers will be able to hide our new self-powered system in more places, which will make it that much more difficult for even the savviest professional thieves to detect," said Courtney DeMilio, Senior Director of National Commercial Sales, LoJack Corporation. "We are excited to be to providing this self-powered platform to the commercial industry, which has proven to be highly effective in protecting cars, SUVs and light trucks. This customized, ruggedized system has passed the highest level of testing with flying colors, enabling us to do what we do best - protecting equipment, vehicles and businesses from the financial losses due to theft - only now we are doing it even better."
Installed at Select Manufacturers
Recognizing the value this system brings to equipment owners, select manufacturers are now installing it directly on their equipment and camouflaging it to match the exact color of the machine. This makes the LoJack System even more covert and effective.
How the LoJack System Works
The LoJack Stolen Vehicle Recovery System for construction equipment and commercial vehicles utilizes a small wireless Radio Frequency transceiver-now self-powered-that is hidden in a piece of equipment in one of many possible locations. LoJack donates Police Tracking Computers (PTCs) that are installed in police cars, helicopters and fixed-wing aircraft used by participating law enforcement agencies. Once equipment is reported stolen to the police, the product identification number is matched to the LoJack System's registration number by state law enforcement computers. After the match, the LoJack System is automatically activated by police, which causes the small, hidden transceiver in the equipment to emit a silent signal. Law enforcement vehicles and aircraft equipped with LoJack PTCs follow these signals, which lead to the precise location of the stolen asset, even underground garages, barns and deeply wooded areas.
Since entering the construction market in 2000, the LoJack System has helped law enforcement recover more than 4,000 LoJack-equipped stolen construction assets worth nearly $125 million-plus the value of other stolen non LoJack-equipped construction equipment that police recovered in chop shops and theft rings. Overall, the LoJack Stolen Vehicle Recovery System has helped recover more than 300,000 stolen vehicles worldwide worth nearly $4 billion USD since inventing the stolen vehicle recovery market more than 25 years ago.
The next generation Stolen Vehicle Recovery System for construction equipment and commercial vehicles is available today. The retail price of the installed system is a one-time cost of $795. Fleet discounts are available. There are no monthly fees and no installation fees.
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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