LoJack's Self-Powered Recovery System For Construction Equipment Named Among Top 50 New Products By Readers Of Equipment Today Ruggedized System Provides Proven Theft Protection For a Far Greater Range of Construction Equipment, Including Electric, Solar Powered and Towable Assets

CANTON, Mass., Sept. 19, 2012 /PRNewswire/ -- Readers of Equipment Today magazine have named LoJack® Corporation's (NASDAQ: LOJN) new self-powered Stolen Vehicle Recovery System for construction equipment one of the "Contractors' Top 50 New Products of the Year," as announced this week by the Cygnus publication.  This next generation, Radio Frequency-based ruggedized Stolen Vehicle Recovery System for construction equipment and commercial vehicles is based on a proprietary power management protocol.

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LoJack's self-powered 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.

"We are honored to have our breakthrough recovery system acknowledged by so many readers to be among the top contractor products introduced in 2012," said Courtney DeMilio, Senior Director of National Commercial Sales, LoJack Corporation.  "The advantages offered by this system have been embraced by the industry and underscore that LoJack is staying a step ahead of today's thieves who could potentially delay or, worse, cost a contractor a job due to equipment theft.  This system was developed completely in response to our customers, who were seeking a recovery solution that protected a broader array of equipment, particularly those that do not have a power source.  This feature, combined with the fact that it can be installed in more locations on a piece of equipment, make it an ideal solution for today's equipment owner."

The Equipment Today Contractors' Top 50 New Products is an annual awards program recognizing the newest construction equipment and products that contractors think are most likely to improve their business.  Winning products were selected from new products that appeared in Equipment Today over a 12-month period. The publication narrowed down the hundreds of potential candidates by looking at the number of times readers of Equipment Today asked for more information about products, and the number of page views they received on ForConstructionPros.com. Online voting on a list of dozens of nominees helped finalize the list.

How the LoJack System WorksWatch Video
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, including backhoes and skid steer loaders, 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 can 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.

Availability
LoJack's next generation Stolen Vehicle Recovery System for construction equipment and commercial vehicles is available today.  There are no monthly or installation fees and fleet pricing is also offered.  LoJack can also be installed at key partnered equipment manufacturers (OEMs) prior to taking delivery of construction equipment and fleet vehicles.  For more information, visit www.lojack.com/fleet and www.Facebook.com/LoJackCommercial.    

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.twitter.com/LoJackCorp or www.Facebook.com/LoJackCorp.

 

CONTACT:

Jeremy Warnick

Jeanne Bock

Laura Feng

LoJack Corporation

Tier One Partners

Tier One Partners

781-302-4251

781-861-5249

978-975-1414

SOURCE LoJack Corporation



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