LoJack Corp is focused on providing technology products and services for the tracking and recovery of valuable mobile assets. The company created the stolen vehicle recovery market more than two decades ago and has established a 90% recovery success rate. Around the world, more than 250,000 stolen assets worth more than $5 billion have been recovered using the company’s technology.
LoJack operates in 26 states and the District of Columbia, as well as more than 30 countries throughout Europe, Africa, North America, South America and Asia. By integrating its systems with law enforcement agencies, having several regional networks in place, and using FCC licensed radio frequency and proprietary technology that can find assets that are hidden from view (unlike GPS systems), the company has effectively hindered the entrance of competitors looking to replicate its business.
LoJack has three separately managed and reported business segments: domestic, international and Boomerang. The company's domestic and international revenue is derived primarily from the sale of LoJack Units, LoJack Early Warning Units, and related products and services. Boomerang revenue is generated primarily from the sale and installation of Boomerang Systems, which are based on RF and cellular technology.
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