(PRESS RELEASE) LoJack Launches Stolen Vehicle Recovery Network in New Mexico
- February 18, 2014
CANTON, MA – February 18, 2014 – LoJack Corporation (NASDAQ: LOJN), a provider of vehicle theft recovery and advanced fleet management solutions, today announced the immediate availability of its Stolen Vehicle Recovery System in New Mexico. The largest law enforcement agencies in New Mexico, including the New Mexico State Police, Santa Fe Police Department and the Albuquerque Police Department, now have the ability to track and recover stolen cars, trucks, SUVs, heavy equipment and motorcycles equipped with a LoJack® Stolen Vehicle Recovery System. The company’s expansion into New Mexico was initially requested by the New Mexico Automobile Dealers Association.
Albuquerque ranked 20th among the top locations nationwide for vehicle theft with more than 3,700 vehicles stolen in the city’s Metropolitan Statistical Area (MSA) in 2012.[1] LoJack’s presence in New Mexico will create a more comprehensive LoJack Stolen Vehicle Recovery Network in the U.S. and enhanced coverage along the Mexican border, a traditional hot spot for vehicle theft.
“We look forward to offering increased safety, security and protection for New Mexico vehicle owners and growing our relationship with New Mexico law enforcement,” said Randy L. Ortiz, CEO and President of LoJack. “LoJack is proud to provide law enforcement agencies in New Mexico a turnkey solution to help increase their efforts in combatting vehicle theft.”
“After only days of service in the New Mexico market, LoJack is already having an impact assisting law enforcement to combat vehicle theft. In fact, the Albuquerque Police Department was alerted to a stolen car equipped with a LoJack Stolen Vehicle Recovery System several hours after they were up and running with our network,” reports Patrick Clancy, Vice President of LoJack Law Enforcement. “Serving as a testament to the LoJack System’s seamless and instantaneous integration with law enforcement, the vehicle was recovered and returned to its rightful owner within three hours of it being reported stolen. Without the LoJack System and the quick work of the Albuquerque Police Department, this car may have been headed towards the Mexican border or a local chop shop to be sold off in pieces.”
In late 2013, LoJack deployed the necessary infrastructure, including radio towers and Police Tracking Computers, in the greater Albuquerque, Santa Fe and Las Cruces areas. Additionally, LoJack trained authorities at seven law enforcement agencies – at no cost to the agencies or taxpayers – on how to most effectively track and recover vehicles equipped with a LoJack System.
More than 90 percent of stolen cars, trucks and SUVs equipped with the LoJack Stolen Vehicle Recovery System have been recovered, with more than 300,000 vehicles and pieces of heavy equipment recovered worldwide, totaling nearly $4 billion in assets. The LoJack System will enable local and regional law enforcement agencies the ability to offer a new level of vehicle theft protection to residents. LoJack created its Stolen Vehicle Recovery System specifically to operate within the processes and procedures of law enforcement, providing a highly effective, turnkey method for system activation and asset recovery.
How the LoJack System Works
The LoJack Stolen Vehicle Recovery System includes a small wireless radio-frequency transceiver that is hidden in a vehicle; and Police Tracking Computers (PTCs) that are installed in police cars, helicopters and fixed-wing aircraft. Once the vehicle is reported stolen to the police, the vehicle’s identification number is matched to the LoJack System’s registration number by state and national law enforcement computers. After the match, the LoJack System is activated by police, which causes the small, hidden radio transceiver in the vehicle to emit a silent, continuous signal. Law enforcement vehicles and aircraft equipped with LoJack PTCs follow these signals, which can lead to the precise location of the stolen vehicle. The better than 90 percent recovery rate for stolen cars, trucks and SUVs equipped with the LoJack System has translated over the years into nearly $4 billion in recovered assets worldwide.
Availability of the LoJack System
The LoJack Stolen Vehicle Recovery System will be available for sale at participating automobile dealerships in New Mexico. If you are interested in becoming a participating LoJack® Stolen Vehicle Recovery System dealership, please contact John Raber, Regional Vice President of Sales at LoJack, atjraber@lojack.com or call (424) 278-2063. To locate an authorized dealer of the LoJack System, visit www.lojack.comor call 1-800-4-LOJACK (1-800-456-5225).
About LoJack Corporation
LoJack Corporation, the company that has helped more than nine million people protect their vehicles in the event of theft over the past 25+ years, today provides safety, security and protection for an ever-growing range of valuable assets and people. Leveraging its core strengths, including its well-known brand, direct integration with law enforcement and dealer distribution network, LoJack Corporation is expanding into new areas across the continuum from theft deterrence to recovery. The Company is focusing on creating a new level of value for its dealer, customer and investor communities by delivering innovative offerings, multiple technologies in expanding geographies. For more information, visit www.lojack.com,www.autotheftblog.com, www.youtube.com/lojack,www.twitter.com/LoJackCorp orwww.Facebook.com/LoJackCorp.
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