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'Top Vehicle & Equipment Theft Recoveries of 2013'
13:05 30.12.13
PR Newswire
CANTON, Mass., Dec. 30, 2013
CANTON, Mass., Dec. 30, 2013 /PRNewswire/ -- New Year's Day is the holiday with the highest number of vehicle thefts, which means there's no better time for LoJack Corporation (NASDAQ: LOJN) to release its top stolen vehicle and equipment recoveries of 2013. From recovering stolen vehicles concealed in shipping containers bound for overseas exportation, to the closing of local "chop shops" and apprehending seasoned criminals involved in international crime rings, these stories demonstrate the proven ability and success of the LoJack® Stolen Vehicle Recovery System within law enforcement agencies across the globe.
(Logo: http://photos.prnewswire.com/prnh/20080512/NEM054LOGO )
(Photo: http://photos.prnewswire.com/prnh/20131210/NY29937 )
And now, the highly-anticipated list of "LoJack's Best Recovery Stories of 2013":
International
LoJack Aids Canadian & U.S. Law Enforcement Agencies in Recovering $3.2 Million in Assets. The international crime ring investigation "Project Windows" was a collaboration between Canadian Law Enforcement, United States Homeland Security and Canadian Border Services, each playing an important role in tracking the group of highly-skilled criminals responsible for stealing luxury vehicles. These sophisticated criminals stole from high-end vehicle dealerships in Canada using falsified documents and fraudulent identities. Once acquired, the thieves would transport the vehicles across the border to United States ports in Newark, N.J. and Baltimore, MD. The vehicles were then placed in cargo containers and shipped overseas to Nigeria and Ghana. The York Regional Police (Toronto, Canada) began the investigation and enlisted the help of LoJack to provide several covert vehicle tracking devices that were placed inside a number of the high-end vehicles. The LoJack devices helped investigators gather intelligence on the suspects and their accomplices, follow the trails of stolen vehicles, establish or confirm their plans, and gather evidence against the members of the organization. In total, investigators were able to recover 89 stolen vehicles worth $3.2 million and arrest 16 suspects with more than 236 charges pending.
Palermo, Italy: LoJack System for Motorcycles Recovery Leads to Chop Shop Bust. Provincial Police of Palermo were notified that a Honda SH scooter worth €60.000 was stolen from the Piazzale Carmelo Lazarus. By tracking the scooter's LoJack System homing signals, two patrol cars tracked the scooter to a van parked right in the Piazza Carmelo Lazarus. The patrolmen removed the steel padlock on the rear hatch and found the reported scooter, as well as 12 other Honda motorcycles with various engine sizes. Of these vehicles, two were intact, while the other 11 were in parts. The patrolmen did a quick search and learned each scooter was reported stolen sometime during January 2013 from various locations in the city of Palermo.
United States:
Audi S8 Fraudulently Purchased from Car Dealership, Recovered
A Sacramento dealership was victimized by a suspect who gave an $18,000 bad check and fraudulent information on his credit application to purchase a 2013 Audi S8 worth approximately $120,000. After attempting to identify and locate the suspect, the dealership filed a theft report of the Audi by fraudulent means. One hour after the stolen vehicle's information was entered into state and national crime information computers by the police, officers with the East Bay Parks Police Air 1 helicopter began receiving signals from the Audi's LoJack System. They radioed the coordinates to ground units and a California Highway Patrol K-9 unit conducted a felony traffic stop and took the driver into custody. The driver was the named suspect of the theft report and had numerous aliases, a lengthy record of fraud and theft, and was an ex-parolee.
Texas Police Hit the Stolen Vehicle Recovery Jackpot Thanks to LoJack System. When a Fort Worth, TX resident noticed her Toyota Camry was missing from her apartment complex parking lot, she immediately contacted local law enforcement to activate her LoJack System and find her car. In this case, police hit the jackpot by not only recovering the Camry, but five other stolen vehicles in a tow station's storage yard.
LoJack System Makes a 'Classic" Recovery
The owner of a 1963 Cadillac Convertible was victimized by thieves, who stole his classic ride from the parking area in Los Angeles, where it was stored. Minutes after being reported stolen, deputies began receiving signals from their LoJack Police Tracking Computers and located the $35,000 car in a residential area, parked and unoccupied.
LoJack System Helps Fairhaven, Mass. Police Track Down Mother/Daughter Crime Team. In August 2013, a mother and daughter tag team started their day by stealing a Lexus that had been involved in a car accident, from an Ocean State Job Lot parking lot in Fairhaven. Little did they know, the Lexus was equipped with a LoJack System and within an hour, police were able to track down the vehicle and arrest the duo who were also carrying hypodermic needles, heroin and $250 worth of stolen jewelry.
Two Busts Involving LoJack System Lead Police to Recovery of Stolen Assets & Large Volumes of Marijuana
In March, deputy constables in the Harris County Precinct 4 were alerted of a stolen pickup equipped with the LoJack System. They tracked the signal to a home in northwest Harris County and identified not only the stolen pickup, but 21 suspected illegal immigrants inside. A search warrant also revealed an elaborate marijuana growing operation. Approximately $500,000 worth of marijuana was being grown.
In June, police officers in Southern California were alerted of a stolen Bobcat Skid Steer worth $30,000 stolen from a construction site. Within the hour, police were able to track the LoJack signal planted on the equipment to a junk salvage yard. Once on-site, the deputies began a sweep of the yard and inside a bunker they also found a loaded .44 caliber hand gun, several shot guns, methamphetamine and a total of 49 large bundles of marijuana. All evidence was seized under a search warrant and a suspect was booked on four felony charges including ex-felon in possession of a firearm, possession of marijuana for resale and receiving stolen property.
For information on LoJack's involvement with additional theft recoveries, visit the autotheftblog.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.
Jeremy Warnick
Matt Landry
Maria Brown
LoJack Corp.
Matter Communications
Matter Communications
781-302-4251
978-499-9250, x 226
978-499-9250, x212
jwarnick@lojack.com
lojack@matternow.com
lojack@matternow.com
Available Topic Expert(s): For information on the listed expert(s), click appropriate link: Patrick Clancy https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=93701
SOURCE LoJack Corporation
Quelle: PR Newswire
13:05 30.12.13
PR Newswire
CANTON, Mass., Dec. 30, 2013
CANTON, Mass., Dec. 30, 2013 /PRNewswire/ -- New Year's Day is the holiday with the highest number of vehicle thefts, which means there's no better time for LoJack Corporation (NASDAQ: LOJN) to release its top stolen vehicle and equipment recoveries of 2013. From recovering stolen vehicles concealed in shipping containers bound for overseas exportation, to the closing of local "chop shops" and apprehending seasoned criminals involved in international crime rings, these stories demonstrate the proven ability and success of the LoJack® Stolen Vehicle Recovery System within law enforcement agencies across the globe.
(Logo: http://photos.prnewswire.com/prnh/20080512/NEM054LOGO )
(Photo: http://photos.prnewswire.com/prnh/20131210/NY29937 )
And now, the highly-anticipated list of "LoJack's Best Recovery Stories of 2013":
International
LoJack Aids Canadian & U.S. Law Enforcement Agencies in Recovering $3.2 Million in Assets. The international crime ring investigation "Project Windows" was a collaboration between Canadian Law Enforcement, United States Homeland Security and Canadian Border Services, each playing an important role in tracking the group of highly-skilled criminals responsible for stealing luxury vehicles. These sophisticated criminals stole from high-end vehicle dealerships in Canada using falsified documents and fraudulent identities. Once acquired, the thieves would transport the vehicles across the border to United States ports in Newark, N.J. and Baltimore, MD. The vehicles were then placed in cargo containers and shipped overseas to Nigeria and Ghana. The York Regional Police (Toronto, Canada) began the investigation and enlisted the help of LoJack to provide several covert vehicle tracking devices that were placed inside a number of the high-end vehicles. The LoJack devices helped investigators gather intelligence on the suspects and their accomplices, follow the trails of stolen vehicles, establish or confirm their plans, and gather evidence against the members of the organization. In total, investigators were able to recover 89 stolen vehicles worth $3.2 million and arrest 16 suspects with more than 236 charges pending.
Palermo, Italy: LoJack System for Motorcycles Recovery Leads to Chop Shop Bust. Provincial Police of Palermo were notified that a Honda SH scooter worth €60.000 was stolen from the Piazzale Carmelo Lazarus. By tracking the scooter's LoJack System homing signals, two patrol cars tracked the scooter to a van parked right in the Piazza Carmelo Lazarus. The patrolmen removed the steel padlock on the rear hatch and found the reported scooter, as well as 12 other Honda motorcycles with various engine sizes. Of these vehicles, two were intact, while the other 11 were in parts. The patrolmen did a quick search and learned each scooter was reported stolen sometime during January 2013 from various locations in the city of Palermo.
United States:
Audi S8 Fraudulently Purchased from Car Dealership, Recovered
A Sacramento dealership was victimized by a suspect who gave an $18,000 bad check and fraudulent information on his credit application to purchase a 2013 Audi S8 worth approximately $120,000. After attempting to identify and locate the suspect, the dealership filed a theft report of the Audi by fraudulent means. One hour after the stolen vehicle's information was entered into state and national crime information computers by the police, officers with the East Bay Parks Police Air 1 helicopter began receiving signals from the Audi's LoJack System. They radioed the coordinates to ground units and a California Highway Patrol K-9 unit conducted a felony traffic stop and took the driver into custody. The driver was the named suspect of the theft report and had numerous aliases, a lengthy record of fraud and theft, and was an ex-parolee.
Texas Police Hit the Stolen Vehicle Recovery Jackpot Thanks to LoJack System. When a Fort Worth, TX resident noticed her Toyota Camry was missing from her apartment complex parking lot, she immediately contacted local law enforcement to activate her LoJack System and find her car. In this case, police hit the jackpot by not only recovering the Camry, but five other stolen vehicles in a tow station's storage yard.
LoJack System Makes a 'Classic" Recovery
The owner of a 1963 Cadillac Convertible was victimized by thieves, who stole his classic ride from the parking area in Los Angeles, where it was stored. Minutes after being reported stolen, deputies began receiving signals from their LoJack Police Tracking Computers and located the $35,000 car in a residential area, parked and unoccupied.
LoJack System Helps Fairhaven, Mass. Police Track Down Mother/Daughter Crime Team. In August 2013, a mother and daughter tag team started their day by stealing a Lexus that had been involved in a car accident, from an Ocean State Job Lot parking lot in Fairhaven. Little did they know, the Lexus was equipped with a LoJack System and within an hour, police were able to track down the vehicle and arrest the duo who were also carrying hypodermic needles, heroin and $250 worth of stolen jewelry.
Two Busts Involving LoJack System Lead Police to Recovery of Stolen Assets & Large Volumes of Marijuana
In March, deputy constables in the Harris County Precinct 4 were alerted of a stolen pickup equipped with the LoJack System. They tracked the signal to a home in northwest Harris County and identified not only the stolen pickup, but 21 suspected illegal immigrants inside. A search warrant also revealed an elaborate marijuana growing operation. Approximately $500,000 worth of marijuana was being grown.
In June, police officers in Southern California were alerted of a stolen Bobcat Skid Steer worth $30,000 stolen from a construction site. Within the hour, police were able to track the LoJack signal planted on the equipment to a junk salvage yard. Once on-site, the deputies began a sweep of the yard and inside a bunker they also found a loaded .44 caliber hand gun, several shot guns, methamphetamine and a total of 49 large bundles of marijuana. All evidence was seized under a search warrant and a suspect was booked on four felony charges including ex-felon in possession of a firearm, possession of marijuana for resale and receiving stolen property.
For information on LoJack's involvement with additional theft recoveries, visit the autotheftblog.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.
Jeremy Warnick
Matt Landry
Maria Brown
LoJack Corp.
Matter Communications
Matter Communications
781-302-4251
978-499-9250, x 226
978-499-9250, x212
jwarnick@lojack.com
lojack@matternow.com
lojack@matternow.com
Available Topic Expert(s): For information on the listed expert(s), click appropriate link: Patrick Clancy https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=93701
SOURCE LoJack Corporation
Quelle: PR Newswire
Datum Erster Hoch Tief Schluss Stücke Volumen
15.01.14 3,8709 4,01§3,8709 3,93 $ 30.348 118 T
GrB
15.01.14 3,8709 4,01§3,8709 3,93 $ 30.348 118 T
GrB
Datum Erster Hoch Tief Schluss Stücke Volumen
31.01.14 3,95 4,07§3,81 3,96 $ 11.652 44.490
30.01.14 3,84 4,03§3,76 4,03 $ 17.622 67 T
29.01.14 4,04 4,04§3,84 3,86 $ 19.591 73 T
28.01.14 3,95 3,95§3,82 3,82 $ 12.602 47.159
27.01.14 3,91 4,02§3,82 4,01 $ 23.859 88 T
24.01.14 3,92 3,99§3,82 3,94 $ 27.330 108 T
23.01.14 3,93 3,9901§3,90 3,97 $ 25.161 98 T
22.01.14 3,94 4,05§3,94 3,98 $ 11.429 42.422
21.01.14 3,93 3,96§3,81 3,90 $ 34.015 129 T
17.01.14 3,8801 4,01§3,88 3,93 $ 15.331 59 T
16.01.14 3,89 4,02§3,89 4,02 $ 9.689 37.654
15.01.14 3,8709 4,01§3,8709 3,93 $ 30.348 118 T
14.01.14 3,87 3,94§3,82 3,89 $ 24.473 92 T
13.01.14 4,00 4,13§3,85 3,88 $ 35.166 137 T
10.01.14 3,87 4,13§3,82 3,94 $ 16.947 67 T
09.01.14 4,12 4,26§4,01 4,01 $ 17.228 68 T
08.01.14 4,26 4,26§4,11 4,14 $ 27.194 43.805
07.01.14 4,43 4,45§4,17 4,31 $ 27.571 113 T
06.01.14 4,22 4,35§4,11 4,35 $ 18.822 77 T
03.01.14 3,90 4,31§3,90 4,28 $ 69.380 283 T
02.01.14 3,64 3,87§3,57 3,85 $ 99.077 358 T
GrB
31.01.14 3,95 4,07§3,81 3,96 $ 11.652 44.490
30.01.14 3,84 4,03§3,76 4,03 $ 17.622 67 T
29.01.14 4,04 4,04§3,84 3,86 $ 19.591 73 T
28.01.14 3,95 3,95§3,82 3,82 $ 12.602 47.159
27.01.14 3,91 4,02§3,82 4,01 $ 23.859 88 T
24.01.14 3,92 3,99§3,82 3,94 $ 27.330 108 T
23.01.14 3,93 3,9901§3,90 3,97 $ 25.161 98 T
22.01.14 3,94 4,05§3,94 3,98 $ 11.429 42.422
21.01.14 3,93 3,96§3,81 3,90 $ 34.015 129 T
17.01.14 3,8801 4,01§3,88 3,93 $ 15.331 59 T
16.01.14 3,89 4,02§3,89 4,02 $ 9.689 37.654
15.01.14 3,8709 4,01§3,8709 3,93 $ 30.348 118 T
14.01.14 3,87 3,94§3,82 3,89 $ 24.473 92 T
13.01.14 4,00 4,13§3,85 3,88 $ 35.166 137 T
10.01.14 3,87 4,13§3,82 3,94 $ 16.947 67 T
09.01.14 4,12 4,26§4,01 4,01 $ 17.228 68 T
08.01.14 4,26 4,26§4,11 4,14 $ 27.194 43.805
07.01.14 4,43 4,45§4,17 4,31 $ 27.571 113 T
06.01.14 4,22 4,35§4,11 4,35 $ 18.822 77 T
03.01.14 3,90 4,31§3,90 4,28 $ 69.380 283 T
02.01.14 3,64 3,87§3,57 3,85 $ 99.077 358 T
GrB
Earnings Call for Thursday, February 2018:55 13.02.14
PR Newswire
CANTON, Mass., Feb. 13, 2014
CANTON, Mass., Feb. 13, 2014 /PRNewswire/ -- LoJack Corporation (NASDAQ GS: LOJN), a provider of vehicle theft recovery systems and advanced fleet management solutions, will announce its fourth-quarter 2013 financial results before the market opens on Thursday, February 20, 2014. Chief Executive Officer and President Randy Ortiz and Donald R. Peck, Executive Vice President, Chief Financial Officer and Treasurer, will host a conference call at 8:30 a.m. ET to discuss the Company's results, financial and operational highlights, and business outlook.
(Logo: http://photos.prnewswire.com/prnh/20080512/NEM054LOGO )
What:
LoJack Corp. Q4 2013 Earnings Conference Call
When:
8:30 a.m. ET Thursday, February 20, 2014
How:
Call participants can dial 877-868-1835 (domestic) or 914-495-8581
(international) and use conference ID 31364963.
Webcast:
http://investors.lojack.com/events.cfm
Replay:
An audio replay will be available at investors.lojack.com/events.cfm after the call.
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 and 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.
CONTACT:
Donald R. Peck
Scott Solomon
LoJack Corporation
Sharon Merrill Associates
(781) 302-4200
(617) 542-5300
dpeck@lojack.com
LOJN@investorrelations.com
SOURCE LoJack Corporation
Quelle: PR Newswire
PR Newswire
CANTON, Mass., Feb. 13, 2014
CANTON, Mass., Feb. 13, 2014 /PRNewswire/ -- LoJack Corporation (NASDAQ GS: LOJN), a provider of vehicle theft recovery systems and advanced fleet management solutions, will announce its fourth-quarter 2013 financial results before the market opens on Thursday, February 20, 2014. Chief Executive Officer and President Randy Ortiz and Donald R. Peck, Executive Vice President, Chief Financial Officer and Treasurer, will host a conference call at 8:30 a.m. ET to discuss the Company's results, financial and operational highlights, and business outlook.
(Logo: http://photos.prnewswire.com/prnh/20080512/NEM054LOGO )
What:
LoJack Corp. Q4 2013 Earnings Conference Call
When:
8:30 a.m. ET Thursday, February 20, 2014
How:
Call participants can dial 877-868-1835 (domestic) or 914-495-8581
(international) and use conference ID 31364963.
Webcast:
http://investors.lojack.com/events.cfm
Replay:
An audio replay will be available at investors.lojack.com/events.cfm after the call.
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 and 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.
CONTACT:
Donald R. Peck
Scott Solomon
LoJack Corporation
Sharon Merrill Associates
(781) 302-4200
(617) 542-5300
dpeck@lojack.com
LOJN@investorrelations.com
SOURCE LoJack Corporation
Quelle: PR Newswire
New Mexico16:05 18.02.14
PR Newswire
CANTON, Mass., Feb. 18, 2014
CANTON, Mass., Feb. 18, 2014 /PRNewswire/ -- 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.
(Logo: http://photos.prnewswire.com/prnh/20080512/NEM054LOGO )
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 combating 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, at jraber@lojack.com or call (424) 278-2063. To locate an authorized dealer of the LoJack System, visit www.lojack.com or 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 or www.Facebook.com/LoJackCorp.
© 2014 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.
[1] National Insurance Crime Bureau (NICB)
Available Topic Expert: For information on the listed expert, click appropriate link.
Patrick Clancy
http://www.profnetconnect.com/patrick-clancy
CONTACT:
Jeremy Warnick
Matt Landry
Maria Brown
LoJack Corp.
Matter Communications
Matter Communications
781-302-4251
978-518-4510
978-518-4546
jwarnick@lojack.com
lojack@matternow.com
lojack@matternow.com
SOURCE LoJack Corporation
Quelle: PR Newswire
PR Newswire
CANTON, Mass., Feb. 18, 2014
CANTON, Mass., Feb. 18, 2014 /PRNewswire/ -- 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.
(Logo: http://photos.prnewswire.com/prnh/20080512/NEM054LOGO )
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 combating 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, at jraber@lojack.com or call (424) 278-2063. To locate an authorized dealer of the LoJack System, visit www.lojack.com or 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 or www.Facebook.com/LoJackCorp.
© 2014 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.
[1] National Insurance Crime Bureau (NICB)
Available Topic Expert: For information on the listed expert, click appropriate link.
Patrick Clancy
http://www.profnetconnect.com/patrick-clancy
CONTACT:
Jeremy Warnick
Matt Landry
Maria Brown
LoJack Corp.
Matter Communications
Matter Communications
781-302-4251
978-518-4510
978-518-4546
jwarnick@lojack.com
lojack@matternow.com
lojack@matternow.com
SOURCE LoJack Corporation
Quelle: PR Newswire
for Thursday, May 1
19:29 30.04.14
PR Newswire
CANTON, Mass., April 24, 2014
CANTON, Mass., April 24, 2014 /PRNewswire/ -- LoJack Corporation (NASDAQ GS: LOJN), a provider of vehicle theft recovery systems and advanced fleet management solutions, will announce its first-quarter 2014 financial results before the market opens on Thursday, May 1, 2014. Chief Executive Officer and President Randy Ortiz and Donald R. Peck, Executive Vice President, Chief Financial Officer and Treasurer, will host a conference call at 8:30 a.m. ET that morning to discuss the Company's results, financial and operational highlights, and business outlook.
LoJack Corporation Logo.
What:
LoJack Corp. Q1 2014 Earnings Conference Call
When:
8:30 a.m. ET, Thursday, May 1, 2014
How:
Call participants can dial 877-868-1835 (domestic) or 914-495-8581 (international) and use conference ID 23971023.
Webcast:
http://investors.lojack.com/events.cfm
Replay:
An audio replay will be available at investors.lojack.com/events.cfm after the call.
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 and 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.
CONTACT:
Donald R. Peck
Scott Solomon
LoJack Corporation
Sharon Merrill Associates
(781) 302-4200
(617) 542-5300
dpeck@lojack.com
LOJN@investorrelations.com
Logo - http://photos.prnewswire.com/prnh/20080512/NEM054LOGO
SOURCE LoJack Corporation
Quelle: PR Newswire
19:29 30.04.14
PR Newswire
CANTON, Mass., April 24, 2014
CANTON, Mass., April 24, 2014 /PRNewswire/ -- LoJack Corporation (NASDAQ GS: LOJN), a provider of vehicle theft recovery systems and advanced fleet management solutions, will announce its first-quarter 2014 financial results before the market opens on Thursday, May 1, 2014. Chief Executive Officer and President Randy Ortiz and Donald R. Peck, Executive Vice President, Chief Financial Officer and Treasurer, will host a conference call at 8:30 a.m. ET that morning to discuss the Company's results, financial and operational highlights, and business outlook.
LoJack Corporation Logo.
What:
LoJack Corp. Q1 2014 Earnings Conference Call
When:
8:30 a.m. ET, Thursday, May 1, 2014
How:
Call participants can dial 877-868-1835 (domestic) or 914-495-8581 (international) and use conference ID 23971023.
Webcast:
http://investors.lojack.com/events.cfm
Replay:
An audio replay will be available at investors.lojack.com/events.cfm after the call.
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 and 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.
CONTACT:
Donald R. Peck
Scott Solomon
LoJack Corporation
Sharon Merrill Associates
(781) 302-4200
(617) 542-5300
dpeck@lojack.com
LOJN@investorrelations.com
Logo - http://photos.prnewswire.com/prnh/20080512/NEM054LOGO
SOURCE LoJack Corporation
Quelle: PR Newswire
LoJack Adds Industry Leader Joe Castelli To Executive Team
20:02 30.04.14
PR Newswire
CANTON, Mass., April 29, 2014
CANTON, Mass., April 29, 2014 /PRNewswire/ -- LoJack Corporation (NASDAQ: LOJN), a provider of vehicle theft recovery and advanced fleet management solutions, today announced the appointment of Joe Castelli as Vice President, Fleet and Commercial Operations. In this new role, Castelli will be focused on continuing to grow LoJack's Commercial Equipment and Fleet Management business.
LoJack Corporation Logo.
Castelli has 30 years of automotive, fleet and commercial sales experience with global companies, brands and markets, and was previously the Vice President, Commercial Vehicles & Fleet, for Nissan North America, Inc. During his successful stint with Nissan, Castelli established and led the company's fleet business, consistently growing market share and profits.
"Joe will bring a tremendous amount of experience and wisdom to the LoJack executive team – specifically our emergent commercial equipment and fleet management business," said LoJack CEO and President Randy Ortiz. "The addition of an executive leader of Joe's caliber and record of success is further proof of LoJack's dedication to delivering the best products and solutions for our rapidly expanding commercial and fleet customer base."
Prior to joining the Nissan North America executive team, Castelli spent more than 23 years at Ford Motor Company. During his tenure at Ford he was responsible for expanding the company's market share of Class 2-7 vehicles, which includes light, medium and heavy duty trucks, to 41 percent of the total commercial industry category. Working within the Ford dealer network and more than 200 outside partners, Castelli successfully drove the company's entire commercial truck business. Castelli earned a bachelor's degree in finance and a master's in business administration from Creighton University in Omaha, Nebraska.
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.
Logo - http://photos.prnewswire.com/prnh/20080512/NEM054LOGO
CONTACT:
Matt Landry
Maria Brown
Matter Communications
Matter Communications
978-518-4510
978-518-4546
lojack@matternow.com
lojack@matternow.com
SOURCE LoJack Corporation
Quelle: PR Newswire
20:02 30.04.14
PR Newswire
CANTON, Mass., April 29, 2014
CANTON, Mass., April 29, 2014 /PRNewswire/ -- LoJack Corporation (NASDAQ: LOJN), a provider of vehicle theft recovery and advanced fleet management solutions, today announced the appointment of Joe Castelli as Vice President, Fleet and Commercial Operations. In this new role, Castelli will be focused on continuing to grow LoJack's Commercial Equipment and Fleet Management business.
LoJack Corporation Logo.
Castelli has 30 years of automotive, fleet and commercial sales experience with global companies, brands and markets, and was previously the Vice President, Commercial Vehicles & Fleet, for Nissan North America, Inc. During his successful stint with Nissan, Castelli established and led the company's fleet business, consistently growing market share and profits.
"Joe will bring a tremendous amount of experience and wisdom to the LoJack executive team – specifically our emergent commercial equipment and fleet management business," said LoJack CEO and President Randy Ortiz. "The addition of an executive leader of Joe's caliber and record of success is further proof of LoJack's dedication to delivering the best products and solutions for our rapidly expanding commercial and fleet customer base."
Prior to joining the Nissan North America executive team, Castelli spent more than 23 years at Ford Motor Company. During his tenure at Ford he was responsible for expanding the company's market share of Class 2-7 vehicles, which includes light, medium and heavy duty trucks, to 41 percent of the total commercial industry category. Working within the Ford dealer network and more than 200 outside partners, Castelli successfully drove the company's entire commercial truck business. Castelli earned a bachelor's degree in finance and a master's in business administration from Creighton University in Omaha, Nebraska.
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.
Logo - http://photos.prnewswire.com/prnh/20080512/NEM054LOGO
CONTACT:
Matt Landry
Maria Brown
Matter Communications
Matter Communications
978-518-4510
978-518-4546
lojack@matternow.com
lojack@matternow.com
SOURCE LoJack Corporation
Quelle: PR Newswire
LoJack Announces Dismissal Of All Arbitration Claims Filed By Brazilian Licensee
16:01 13.05.14
PR Newswire
CANTON, Mass., May 13, 2014
CANTON, Mass., May 13, 2014 /PRNewswire/ -- LoJack Corporation (NASDAQ: LOJN) today announced that an arbitration panel has dismissed all claims filed against the Company by Tracker do Brasil LTDA (Tracker), the exclusive licensee of the LoJack Stolen Vehicle Recovery technology in Brazil. In its binding decision, arbitrators from the International Centre for Dispute Resolution of the American Arbitration Association also upheld several of LoJack's counterclaims against Tracker for violating the terms of its license agreement, breaching the implied duty of good faith and fair dealing, and engaging in unfair competition. The panel now will conduct a further hearing to determine the amount of an award of damages owed to LoJack.
LoJack Corporation logo
"This decision is a significant legal victory for LoJack and its shareholders," said Randy Ortiz, LoJack's Chief Executive Officer and President. "The ruling demonstrates that Tracker's claims against the Company were without merit, and allows us to pursue damages against the licensee for the substantial economic harm caused by its breach of contract and unlawful use of our intellectual property and confidential information in the marketplace. Equally important, the decision affirms that the Company acted legally, fairly and in good faith in its dealings at issue with the licensee."
"The management team has worked diligently during the past two years to eliminate the expense and uncertainty of continued litigation," Ortiz said. "With the liability phase of this case now behind us, we look forward to fully concentrating our resources on pursuing strategic business opportunities, including our new telematics solutions, and achieving our long-term performance objectives."
The arbitration case stemmed from a contractual dispute between the parties that began in March 2011. In its 81-page decision, the arbitration panel dismissed all eight of Tracker's claims, including those for intentional misrepresentation, negligent misrepresentation and breach of contract. Tracker had sought $55 million in actual damages, which could have been tripled by the arbitration panel, plus legal fees.
LoJack's counterclaims for breach of contract and breach of implied duty of good faith and fair dealing were upheld in part. The panel ruled that Tracker has been making unauthorized use of LoJack's trademarks, copyrights, technology and other confidential information to advertise, lease, sell or market non-LoJack products, representing them to the public as LoJack products.
The panel found that the unauthorized use of LoJack's intellectual property and confidential information caused LoJack to suffer damages to its reputation, in addition to other damages.
The panel also upheld LoJack's counterclaim that Tracker engaged in unfair competition, ruling that in addition to its use of LoJack's trademarks/trade names and copyrights to sell non-LoJack products, Tracker passed off non-LoJack products as LoJack products. The arbitrators found that this conduct did deceive or likely could deceive customers into believing that they were buying a LoJack product when they were not.
Because Tracker failed to meet its minimum unit purchase requirements for vehicle location units under the license agreement, the panel further concluded that LoJack has the right, based on such failure, to terminate the License Agreement upon the giving of 60 days written notice to Tracker.
"The decision gives us the right to explore other avenues for re-entering the Brazilian market, and we certainly plan to take advantage of the opportunity to assess our options," Ortiz said.
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 and 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.
Safe Harbor Regarding Forward Looking Statements
From time to time, information provided by the Company or statements made by its employees may contain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws, which involve risks and uncertainties. You can identify these statements by use of the words "assumes," "believes," "estimates," "expects," "will," "intends," "plans," "projects" and similar expressions that do not relate to historical matters. Any statements in this news release that are not statements of historical fact are forward-looking statements, including, but not limited to, statements concerning (a) the outcome of the arbitration hearing to assess damages owed by Tracker do Brasil LTDA, (b) the Company's relationship with its licensee in Brazil or the potential termination by the Company of the license agreement between the parties, and (c) the Company's strategic initiatives, investments and plans for growth and future operations. Such forward-looking statements are based on a number of assumptions and involve a number of risks and uncertainties, and accordingly, actual results could differ materially. Factors that may cause such differences include, but are not limited to: (1) the outcome of ongoing litigation involving the Company, including the damages phase of the arbitration with Tracker do Brasil LTDA; (2) the Company's future relationship with Tracker do Brasil LTDA or ability to re-enter the Brazilian market; (3) the continued and future acceptance of the Company's products and services, including the Company's pre-install program and fleet management and other telematics products; (4) the Company's ability to obtain financing from lenders; (5) the rate of growth in the industries of the Company's customers; (6) the presence of competitors with greater technical, marketing, and financial resources; (7) the Company's customers' ability to access the credit markets, including changes in interest rates; (8) the Company's ability to promptly and effectively respond to technological change to meet evolving customer needs; (9) the Company's ability to successfully expand its operations, including through the introduction of new products and services; (10) changes in general economic or geopolitical conditions, including the European debt crisis; (11) conditions in the automotive retail market and the Company's relationships with dealers, licensees, partners, agents and local law enforcement; (12) the expected timing of purchases by the Company's customers; (13) the Company's ability to achieve the expected benefits of its strategic alliance with TomTom; (14) the Company's ability to maintain the strength of its brand; and (15) trade tensions and governmental regulations and restrictions in Argentina and the Company's other international markets. For a further discussion of these and other significant factors to consider in connection with forward-looking statements concerning the Company, reference is made to the Company's Annual Report on Form 10-K for the year ended December 31, 2013 and the Company's other filings with the Securities and Exchange Commission.
Readers should not place undue reliance on any forward-looking statements, which only speak as of the date made. Except as required by law, the Company undertakes no obligation to release publicly the result of any revision to the forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Scott Solomon
Sharon Merrill
(617) 542-5300
Donald R. Peck
LoJack Corporation
(781) 302-4200
Logo - http://photos.prnewswire.com/prnh/20080512/NEM054LOGO
SOURCE LoJack Corporation
Quelle: PR Newswire
16:01 13.05.14
PR Newswire
CANTON, Mass., May 13, 2014
CANTON, Mass., May 13, 2014 /PRNewswire/ -- LoJack Corporation (NASDAQ: LOJN) today announced that an arbitration panel has dismissed all claims filed against the Company by Tracker do Brasil LTDA (Tracker), the exclusive licensee of the LoJack Stolen Vehicle Recovery technology in Brazil. In its binding decision, arbitrators from the International Centre for Dispute Resolution of the American Arbitration Association also upheld several of LoJack's counterclaims against Tracker for violating the terms of its license agreement, breaching the implied duty of good faith and fair dealing, and engaging in unfair competition. The panel now will conduct a further hearing to determine the amount of an award of damages owed to LoJack.
LoJack Corporation logo
"This decision is a significant legal victory for LoJack and its shareholders," said Randy Ortiz, LoJack's Chief Executive Officer and President. "The ruling demonstrates that Tracker's claims against the Company were without merit, and allows us to pursue damages against the licensee for the substantial economic harm caused by its breach of contract and unlawful use of our intellectual property and confidential information in the marketplace. Equally important, the decision affirms that the Company acted legally, fairly and in good faith in its dealings at issue with the licensee."
"The management team has worked diligently during the past two years to eliminate the expense and uncertainty of continued litigation," Ortiz said. "With the liability phase of this case now behind us, we look forward to fully concentrating our resources on pursuing strategic business opportunities, including our new telematics solutions, and achieving our long-term performance objectives."
The arbitration case stemmed from a contractual dispute between the parties that began in March 2011. In its 81-page decision, the arbitration panel dismissed all eight of Tracker's claims, including those for intentional misrepresentation, negligent misrepresentation and breach of contract. Tracker had sought $55 million in actual damages, which could have been tripled by the arbitration panel, plus legal fees.
LoJack's counterclaims for breach of contract and breach of implied duty of good faith and fair dealing were upheld in part. The panel ruled that Tracker has been making unauthorized use of LoJack's trademarks, copyrights, technology and other confidential information to advertise, lease, sell or market non-LoJack products, representing them to the public as LoJack products.
The panel found that the unauthorized use of LoJack's intellectual property and confidential information caused LoJack to suffer damages to its reputation, in addition to other damages.
The panel also upheld LoJack's counterclaim that Tracker engaged in unfair competition, ruling that in addition to its use of LoJack's trademarks/trade names and copyrights to sell non-LoJack products, Tracker passed off non-LoJack products as LoJack products. The arbitrators found that this conduct did deceive or likely could deceive customers into believing that they were buying a LoJack product when they were not.
Because Tracker failed to meet its minimum unit purchase requirements for vehicle location units under the license agreement, the panel further concluded that LoJack has the right, based on such failure, to terminate the License Agreement upon the giving of 60 days written notice to Tracker.
"The decision gives us the right to explore other avenues for re-entering the Brazilian market, and we certainly plan to take advantage of the opportunity to assess our options," Ortiz said.
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 and 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.
Safe Harbor Regarding Forward Looking Statements
From time to time, information provided by the Company or statements made by its employees may contain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws, which involve risks and uncertainties. You can identify these statements by use of the words "assumes," "believes," "estimates," "expects," "will," "intends," "plans," "projects" and similar expressions that do not relate to historical matters. Any statements in this news release that are not statements of historical fact are forward-looking statements, including, but not limited to, statements concerning (a) the outcome of the arbitration hearing to assess damages owed by Tracker do Brasil LTDA, (b) the Company's relationship with its licensee in Brazil or the potential termination by the Company of the license agreement between the parties, and (c) the Company's strategic initiatives, investments and plans for growth and future operations. Such forward-looking statements are based on a number of assumptions and involve a number of risks and uncertainties, and accordingly, actual results could differ materially. Factors that may cause such differences include, but are not limited to: (1) the outcome of ongoing litigation involving the Company, including the damages phase of the arbitration with Tracker do Brasil LTDA; (2) the Company's future relationship with Tracker do Brasil LTDA or ability to re-enter the Brazilian market; (3) the continued and future acceptance of the Company's products and services, including the Company's pre-install program and fleet management and other telematics products; (4) the Company's ability to obtain financing from lenders; (5) the rate of growth in the industries of the Company's customers; (6) the presence of competitors with greater technical, marketing, and financial resources; (7) the Company's customers' ability to access the credit markets, including changes in interest rates; (8) the Company's ability to promptly and effectively respond to technological change to meet evolving customer needs; (9) the Company's ability to successfully expand its operations, including through the introduction of new products and services; (10) changes in general economic or geopolitical conditions, including the European debt crisis; (11) conditions in the automotive retail market and the Company's relationships with dealers, licensees, partners, agents and local law enforcement; (12) the expected timing of purchases by the Company's customers; (13) the Company's ability to achieve the expected benefits of its strategic alliance with TomTom; (14) the Company's ability to maintain the strength of its brand; and (15) trade tensions and governmental regulations and restrictions in Argentina and the Company's other international markets. For a further discussion of these and other significant factors to consider in connection with forward-looking statements concerning the Company, reference is made to the Company's Annual Report on Form 10-K for the year ended December 31, 2013 and the Company's other filings with the Securities and Exchange Commission.
Readers should not place undue reliance on any forward-looking statements, which only speak as of the date made. Except as required by law, the Company undertakes no obligation to release publicly the result of any revision to the forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Scott Solomon
Sharon Merrill
(617) 542-5300
Donald R. Peck
LoJack Corporation
(781) 302-4200
Logo - http://photos.prnewswire.com/prnh/20080512/NEM054LOGO
SOURCE LoJack Corporation
Quelle: PR Newswire
SC-integrity, Inc. and Locus Traxx Join Forces to Address Supply Chain and Cargo Threats
15:05 11.06.14
PR Newswire
RICHARDSON, Texas and JUPITER, Fla., June 11, 2014
RICHARDSON, Texas and JUPITER, Fla., June 11, 2014 /PRNewswire/ -- SC-integrity, Inc. (LoJack SCI) and Locus Traxx Worldwide (Locus Traxx) announce an alliance to significantly advance and bolster supply chain and cargo shipment security and efficiency. Together, the organizations plan to release a series of bundled tracking and information solutions based on the Locus "SmartTraxx™ GO" tracking technology. SC-integrity, Inc. is a subsidiary of LoJack Corporation (Nasdaq:LOJN). Locus Traxx Worldwide is a privately held technology firm.
LoJack SCI.
Both companies have prominent positions and significant presence in providing information services to protect the supply chain and cargo markets. Since 2007, Locus Traxx Worldwide has led innovation in the food, produce, and cold chain markets, while LoJack SCI, the covert cargo monitoring innovator, has served the broad requirement of tracking solutions for hard goods. Together, they will now provide high value services to the full spectrum of market needs via the innovative and disposable "SmartTraxx™ GO" product, designed and manufactured by Locus Traxx. Locus Traxx and LoJack SCI both recognize that reliable, intelligent tracking solutions can only be fully utilized if the solution is easy to implement. The collaboration will take full advantage of the power of the SC-integrity, Inc. "SC-iOn" and the "Locus Traxx' Oversight" web portals to deliver comprehensive security and integrity services for their clients.
Locus Traxx will cooperate in providing information to and through the LoJack SCI sponsored Supply Chain Information Sharing and Analysis Center (Supply Chain-ISAC). Food is a leading target for theft, and the industry faces increasing regulatory pressures from the FDA. The ability for Supply Chain-ISAC participants to obtain an enhanced view of potential risk or efficiency opportunities in the food, produce and cold chain markets will be extremely beneficial.
Locus Traxx Worldwide CEO, David Benjamin says, "Our strategic vision to grow through partnerships with leading companies such as LoJack SCI is important to our mission. The talent and market reach that our partners bring to the operation strengthen our offerings and deliver great value to our customers."
LoJack SCI CEO, Ted Wlazlowski added, "We couldn't be happier with this collaboration. This venture will allow both Locus Traxx and LoJack SCI to support the latest generation of communication and geo-localization technologies, while continuing to provide high value service to our customers. Our market is ready for the flexibility and ease in providing a disposable tracking solution; and, together with Locus Traxx, we intend to exceed expectations for reliable, low cost visibility and control."
About Locus Traxx
Locus Traxx Worldwide is the leader in real-time temperature, location, and security monitoring for perishable and high value shipments in transit. Using their Oversight system and the technological superiority and versatility of the SmartTraxx™ system, Locus Traxx Worldwide can give customers access to critical data, at any time, and from any location.
About LoJack SCI
LoJack Supply Chain Integrity provides integrated solutions for supply chain protection that includes shared supply chain intelligence and analytics, covert cargo tracking, monitoring, and recovery services. The LoJack SCI solutions feature proactive alert based security and increased visibility across all modes of transportation with clear chain of custody management utilizing active sensing of the cargo's environment while in-transit. Visit www.lojacksci.com for more information.
LoJack is a trademark or registered trademark of LoJack Corporation in the United States and other countries and, used under license by SC-integrity, Inc. LoJack Corporation is not responsible for any content herein.
Contact:
LOCUS TRAXX
Contact: Vince Norman
Phone: (561) 603-0312
Email: vince.norman@locustraxx.com
LOJACK SCI
Contact: Chandra Crone
Phone: (214) 377-0222
Email: ccrone@lojacksci.com
Logo - photos.prnewswire.com/prnh/20130319/DA78808LOGO
SOURCE LoJack SCI
Quelle: PR Newswire
15:05 11.06.14
PR Newswire
RICHARDSON, Texas and JUPITER, Fla., June 11, 2014
RICHARDSON, Texas and JUPITER, Fla., June 11, 2014 /PRNewswire/ -- SC-integrity, Inc. (LoJack SCI) and Locus Traxx Worldwide (Locus Traxx) announce an alliance to significantly advance and bolster supply chain and cargo shipment security and efficiency. Together, the organizations plan to release a series of bundled tracking and information solutions based on the Locus "SmartTraxx™ GO" tracking technology. SC-integrity, Inc. is a subsidiary of LoJack Corporation (Nasdaq:LOJN). Locus Traxx Worldwide is a privately held technology firm.
LoJack SCI.
Both companies have prominent positions and significant presence in providing information services to protect the supply chain and cargo markets. Since 2007, Locus Traxx Worldwide has led innovation in the food, produce, and cold chain markets, while LoJack SCI, the covert cargo monitoring innovator, has served the broad requirement of tracking solutions for hard goods. Together, they will now provide high value services to the full spectrum of market needs via the innovative and disposable "SmartTraxx™ GO" product, designed and manufactured by Locus Traxx. Locus Traxx and LoJack SCI both recognize that reliable, intelligent tracking solutions can only be fully utilized if the solution is easy to implement. The collaboration will take full advantage of the power of the SC-integrity, Inc. "SC-iOn" and the "Locus Traxx' Oversight" web portals to deliver comprehensive security and integrity services for their clients.
Locus Traxx will cooperate in providing information to and through the LoJack SCI sponsored Supply Chain Information Sharing and Analysis Center (Supply Chain-ISAC). Food is a leading target for theft, and the industry faces increasing regulatory pressures from the FDA. The ability for Supply Chain-ISAC participants to obtain an enhanced view of potential risk or efficiency opportunities in the food, produce and cold chain markets will be extremely beneficial.
Locus Traxx Worldwide CEO, David Benjamin says, "Our strategic vision to grow through partnerships with leading companies such as LoJack SCI is important to our mission. The talent and market reach that our partners bring to the operation strengthen our offerings and deliver great value to our customers."
LoJack SCI CEO, Ted Wlazlowski added, "We couldn't be happier with this collaboration. This venture will allow both Locus Traxx and LoJack SCI to support the latest generation of communication and geo-localization technologies, while continuing to provide high value service to our customers. Our market is ready for the flexibility and ease in providing a disposable tracking solution; and, together with Locus Traxx, we intend to exceed expectations for reliable, low cost visibility and control."
About Locus Traxx
Locus Traxx Worldwide is the leader in real-time temperature, location, and security monitoring for perishable and high value shipments in transit. Using their Oversight system and the technological superiority and versatility of the SmartTraxx™ system, Locus Traxx Worldwide can give customers access to critical data, at any time, and from any location.
About LoJack SCI
LoJack Supply Chain Integrity provides integrated solutions for supply chain protection that includes shared supply chain intelligence and analytics, covert cargo tracking, monitoring, and recovery services. The LoJack SCI solutions feature proactive alert based security and increased visibility across all modes of transportation with clear chain of custody management utilizing active sensing of the cargo's environment while in-transit. Visit www.lojacksci.com for more information.
LoJack is a trademark or registered trademark of LoJack Corporation in the United States and other countries and, used under license by SC-integrity, Inc. LoJack Corporation is not responsible for any content herein.
Contact:
LOCUS TRAXX
Contact: Vince Norman
Phone: (561) 603-0312
Email: vince.norman@locustraxx.com
LOJACK SCI
Contact: Chandra Crone
Phone: (214) 377-0222
Email: ccrone@lojacksci.com
Logo - photos.prnewswire.com/prnh/20130319/DA78808LOGO
SOURCE LoJack SCI
Quelle: PR Newswire
Equipment Theft & Recovery Report and Infographic
15:30 15.07.14
PR Newswire
CANTON, Mass., July 15, 2014
CANTON, Mass., July 15, 2014 /PRNewswire/ -- Today LoJack Corporation (NASDAQ: LOJN) released new data originating from the Company's annual Construction Equipment Theft and Recovery in the United States study. LoJack's annual study and accompanying infographic reviews theft trends specific to construction equipment and tools equipped with the LoJack® Stolen Vehicle Recovery System.
LoJack Corporation Logo.
Many equipment owners and rental companies in the United States do not realize that equipment is also one of the biggest targets when it comes to theft. LoJack's 2013 study revealed that:
California remains the highest-ranking state in terms of equipment theft as a result of many active construction projects, as well as an international border with access to major shipping ports.
Light utility vehicles / work trucks and trailers are the most common type of commercial equipment stolen.
Newer equipment models were stolen more often than older equipment – largely due to the fact that the resale value of new equipment is greater. In fact, 46 percent of equipment stolen in 2013 was less than five years old.
In 95 percent of the cases, the stolen equipment was recovered in the same state that the theft was reported.
Construction theft is prevalent in suburban areas, particularly in areas where construction growth is widespread.
"According to the National Insurance Crime Bureau, close to $1 billion a year nationwide is lost due to the theft of construction equipment and tools," stated Courtney DeMilio, Associate Vice President of LoJack Commercial. "It has become harder to detect construction theft, and combined with the fact that job sites are often poorly secured, thieves are finding the theft of construction equipment is a lucrative opportunity. As a result, construction and rental businesses are vulnerable and at an increased risk for theft and significant monetary losses as a result of theft."
Additional noteworthy findings from the study of stolen and recovered commercial vehicles equipped with a LoJack device in 2013 include:
States with the highest occurrence of equipment theft were:
California
Texas
Florida
Georgia
New Jersey
North Carolina
Arizona
Maryland
Ohio
(Tie) Colorado, Illinois, New York
Most popular types of stolen and recovered commercial equipment installed with a LoJack device in 2013 :
Light Utility Vehicles / Work Trucks / Trailers
Backhoe Loaders / Skip Loaders / Wheel Loaders
Generators / Air Compressors / Welders / Light Towers
Skid Steers
Other
Mini Excavators
Forklifts
In 2013, 61 percent of the thefts were from the following top manufacturers (note: there were thefts from a total of 51 different manufacturers):
Ford – 31 percent
Bobcat – 12 percent
John Deere – 9 percent
Caterpillar – 5 percent
Case – 4 percent
"LoJack's data reveals that 44 percent of equipment installed with our system was recovered in less than five hours after being reported stolen," DeMilio said. "A swift recovery time of equipment is growing in importance, as modern economic conditions have led construction businesses to increasingly rent rather than purchase equipment. This rising demand for heavy duty rental equipment has made rental companies, and the businesses they supply, vulnerable for not only theft, but significant monetary losses as a result of theft. The LoJack System helps businesses protect themselves and minimize costly damages."
The LoJack System can be installed at the original equipment manufacturer level and helps combat equipment theft across 29 states in the U.S. and in parts of Ontario and Quebec. For additional details on how the LoJack System has successfully recovered millions in stolen equipment, visit the Commercial Theft Blog.com.
About the "2013 LoJack Corporation Study on Construction Equipment Theft"
During the twelve month period from January through December 2013, LoJack tracked theft reports in 27 states where equipment theft was reported and where construction equipment installed with LoJack® Stolen Vehicle Recovery System led police to recover the stolen assets.
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.
© 2014 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.
CONTACT:
Matt Landry
Melissa Latham
Matter Communications
Matter Communications
978-518-4510
978-518-4523
lojack@matternow.com
lojack@matternow.com
Logo - http://photos.prnewswire.com/prnh/20080512/NEM054LOGO
SOURCE LoJack Corporation
Quelle: PR Newswire
15:30 15.07.14
PR Newswire
CANTON, Mass., July 15, 2014
CANTON, Mass., July 15, 2014 /PRNewswire/ -- Today LoJack Corporation (NASDAQ: LOJN) released new data originating from the Company's annual Construction Equipment Theft and Recovery in the United States study. LoJack's annual study and accompanying infographic reviews theft trends specific to construction equipment and tools equipped with the LoJack® Stolen Vehicle Recovery System.
LoJack Corporation Logo.
Many equipment owners and rental companies in the United States do not realize that equipment is also one of the biggest targets when it comes to theft. LoJack's 2013 study revealed that:
California remains the highest-ranking state in terms of equipment theft as a result of many active construction projects, as well as an international border with access to major shipping ports.
Light utility vehicles / work trucks and trailers are the most common type of commercial equipment stolen.
Newer equipment models were stolen more often than older equipment – largely due to the fact that the resale value of new equipment is greater. In fact, 46 percent of equipment stolen in 2013 was less than five years old.
In 95 percent of the cases, the stolen equipment was recovered in the same state that the theft was reported.
Construction theft is prevalent in suburban areas, particularly in areas where construction growth is widespread.
"According to the National Insurance Crime Bureau, close to $1 billion a year nationwide is lost due to the theft of construction equipment and tools," stated Courtney DeMilio, Associate Vice President of LoJack Commercial. "It has become harder to detect construction theft, and combined with the fact that job sites are often poorly secured, thieves are finding the theft of construction equipment is a lucrative opportunity. As a result, construction and rental businesses are vulnerable and at an increased risk for theft and significant monetary losses as a result of theft."
Additional noteworthy findings from the study of stolen and recovered commercial vehicles equipped with a LoJack device in 2013 include:
States with the highest occurrence of equipment theft were:
California
Texas
Florida
Georgia
New Jersey
North Carolina
Arizona
Maryland
Ohio
(Tie) Colorado, Illinois, New York
Most popular types of stolen and recovered commercial equipment installed with a LoJack device in 2013 :
Light Utility Vehicles / Work Trucks / Trailers
Backhoe Loaders / Skip Loaders / Wheel Loaders
Generators / Air Compressors / Welders / Light Towers
Skid Steers
Other
Mini Excavators
Forklifts
In 2013, 61 percent of the thefts were from the following top manufacturers (note: there were thefts from a total of 51 different manufacturers):
Ford – 31 percent
Bobcat – 12 percent
John Deere – 9 percent
Caterpillar – 5 percent
Case – 4 percent
"LoJack's data reveals that 44 percent of equipment installed with our system was recovered in less than five hours after being reported stolen," DeMilio said. "A swift recovery time of equipment is growing in importance, as modern economic conditions have led construction businesses to increasingly rent rather than purchase equipment. This rising demand for heavy duty rental equipment has made rental companies, and the businesses they supply, vulnerable for not only theft, but significant monetary losses as a result of theft. The LoJack System helps businesses protect themselves and minimize costly damages."
The LoJack System can be installed at the original equipment manufacturer level and helps combat equipment theft across 29 states in the U.S. and in parts of Ontario and Quebec. For additional details on how the LoJack System has successfully recovered millions in stolen equipment, visit the Commercial Theft Blog.com.
About the "2013 LoJack Corporation Study on Construction Equipment Theft"
During the twelve month period from January through December 2013, LoJack tracked theft reports in 27 states where equipment theft was reported and where construction equipment installed with LoJack® Stolen Vehicle Recovery System led police to recover the stolen assets.
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.
© 2014 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.
CONTACT:
Matt Landry
Melissa Latham
Matter Communications
Matter Communications
978-518-4510
978-518-4523
lojack@matternow.com
lojack@matternow.com
Logo - http://photos.prnewswire.com/prnh/20080512/NEM054LOGO
SOURCE LoJack Corporation
Quelle: PR Newswire
Das Loan ist der englische Begriff für eine Anleihe. http://www.ariva.de/extras/lexikon.m?begriff=Loan
#57 kenn nur Leon ausse Parallelklasse buran">
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