LoJack used to nail motorcycle chop shop in Georgia
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LoJack System Recovers Carjacked Vehicle, Helps Police Find Multiple $100K Chop Shops, Break Up Major Organized Crime Rings and Apprehend Violent Criminals
In the past month, LoJack Corporation's (NASDAQ: LOJN) Stolen Vehicle Recovery System has been instrumental in helping police solve a carjacking, break up organized crime rings involving chop shops with stolen goods valued at approximately $100,000, and apprehend violent criminals. These recoveries underscore LoJack's effectiveness in not only recovering a diverse range of stolen mobile assets including cars, motorcycles and construction equipment, but in also helping police arrest the violent criminals behind these and other more serious crimes.
"These recoveries are great examples of how our proven System continues to benefit society by helping police not only find and recover stolen assets, but moreover break up organized crime rings and arrest the thieves behind these criminal acts," said Ronald V. Waters, LoJack's President and Chief Executive Officer. "These recoveries once again demonstrate that LoJack has the right technology and processes in place to effectively recover a wide range of stolen assets. Our Radio Frequency technology is time-tested, delivering unmatched effectiveness in locating stolen assets - even if they are hidden in dense foliage, in a concrete garage, a shipping container or a steel building. Additionally, our direct integration with police puts recovery exactly where it belongs - in the hands of professionals who can swiftly track down stolen assets and arrest the perpetrators behind the crime. Taken together, these strengths have enabled LoJack to achieve a 90 percent success rate over the past 20+ years and recover more than $5 billion in stolen assets worldwide."
Police Discover $100K Motorcycle Chop Shop; Parts Were Sold Online
In this April recovery, a stolen LoJack-equipped 2006 Suzuki GSXR-750 motorcycle was discovered stolen from the owner's apartment complex parking lot in Georgia. The owner immediately reported the theft and police activated the covert LoJack System. Within three hours, Henry County Police Department officers picked up the LoJack signal and tracked the bike to a house in a rural area. The officer called a detective with a search warrant to the site and inside discovered not only the stolen bike, but other stolen motorcycles - all part of a chop shop operation. After a lengthy investigation, 18 motorcycles, some from as far away as Alabama, were recovered along with the LoJack-equipped bike. The criminals were stripping the bikes and selling their parts on popular online sites. Total value of bikes in this theft ring is more than $100,000. Three suspects were arrested and more arrests are expected as part of this major theft ring.
About LoJack Corporation
LoJack Corporation, the company that invented the stolen vehicle recovery market more than two decades ago, is the global leader in finding and recovering a wide range of mobile assets including cars, construction equipment and motorcycles - having recovered more than $5 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 disorders such as Alzheimer's and autism. LoJack has the proven processes, ultimate technology for recovery - Radio Frequency - and unique integration with law enforcement agencies, making its offerings the most effective solutions that not only deliver a wide range of recoveries, but also enhance the safety of the public on a global level. LoJack's Stolen Vehicle Recovery System operates in 27 states and the District of Columbia, and in more than 30 countries throughout North America, South America, Europe, Africa and Asia. For more information, visit http://www.lojack.com.
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