CANTON, Mass., July 5, 2013 /PRNewswire/ -- William R. Reagan, the founder of LoJack Corporation (NASDAQ: LOJN) and the LoJack® Stolen Vehicle Recovery System that has been responsible for the recovery of more than 300,000 stolen vehicles worldwide, passed away on July 1, 2013 at the age of 78.
(Logo: http://photos.prnewswire.com/prnh/20080512/NEM054LOGO ) A former Medfield Police Commissioner and Town Selectman, Reagan founded LoJack (the antithesis of "hi-jack") and developed its Stolen Vehicle Recovery System to keep police officers and investigators safe during the pursuit and recovery of stolen vehicles. In 1979, a U.S. patent was issued to Reagan for his invention. In 1986, he formed LoJack Corporation and served as the Company's inaugural Chairman and CEO. Because of the public service focus and impact of Reagan's innovation, LoJack was granted authority to use an FCC frequency for the purpose of tracking stolen vehicles.
"LoJack Corporation exists because of Bill's creative thinking, passion and dedication to keeping law enforcement safe during the tracking and recovery of stolen vehicles," said Randy J. Ortiz, President and CEO of LoJack Corporation. "Bill built the foundation that LoJack still stands on today, including our unique and direct integration with law enforcement, as well as the invention of a proven technology platform that has led to the recovery of nearly $4 billion in assets globally."
"Bill's invention has saved the lives of numerous police officers and helped uncover larger crimes well beyond vehicle theft," said Patrick Clancy, Vice President of LoJack's internal Law Enforcement Department. "I was fortunate to work with Bill at the Medfield (Mass.) Police Department before joining LoJack. The system that Bill created has become an invaluable resource that allows police officers to recover stolen vehicles with limited risk to them, their fellow officers and the public. I am incredibly proud and honored to have worked for decades with the company that Bill founded."
Reagan's commitment to keep law enforcement officers safe in the pursuit and recovery of stolen vehicles has led to a wireless system that today operates in 28 states and the District of Columbia, and in more than 30 countries throughout North America, South America, Europe and Africa. More than 1,800 law enforcement agencies across the U.S. use LoJack Police Tracking Computers in their fight against auto theft.
Reagan was a four-year varsity hockey star at both the Boston Latin School and St. Sebastian's School. He graduated from the University of Notre Dame in 1957 and served as a Patrol Plane Commander in the U.S. Navy. An involved member of his community, Reagan was a coach of the Medfield Youth Hockey Program and supporter of the Medfield High School hockey team. The loving husband of Genevieve Reagan, Reagan is survived by his four children and 11 beloved grandchildren. First visitation is scheduled to take place Sunday, July 7 from 4-8 p.m. at the Roberts-Mitchell Funeral Chapel in Medfield, Mass. More information can be found at www.robertsmitchell.com.
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 or www.Facebook.com/LoJackCorp.
© 2013 LoJack Corporation. All rights reserved. LoJack and the LoJack logo are trademarks or registered trademarks of LoJack Corporation in the United States and other countries.
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