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LoJack Outlines Strategy to Broaden Scope of Tracking/Recovery Capabilities

July 12, 2005

WESTWOOD, MA — LoJack Corp. has announced a strategic direction enabling the company to establish nationwide coverage for the LoJack tracking and recovery system through an upgrade and expansion of its network. This initiative will incorporate technological advances that will broaden LoJack’s capabilities to include recovery of other valuable assets beyond automobiles, construction equipment, and motorcycles. LoJack presently is seeking federal government approval for its plan to move to nationwide coverage.At the same time, the company announced that it is also in the process of complying with Federal Communications Commission (FCC) regulations to change its existing network from wideband to narrowband channel. Since fall 2004, LoJack has worked closely with the FCC and the National Telecommunications and Information Administration to ensure that this transition serves LoJack’s key constituents in the public safety community, as well as LoJack’s customers, shareholders, and dealers. LoJack has been granted a 14-year timeframe to complete the transition to the narrowband channel and anticipates the necessary changes will be accomplished before the 2019 date.
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