LoJack Establishes Broad Footprint in the Growing Telematics Space
CANTON, Mass., June 1, 2015 /PRNewswire/ — LoJack Corporation (NASDAQ: LOJN), a leader in vehicle theft recovery, today announced that the company has achieved an important milestone by surpassing 10,000 subscriptions under agreement to provide subscribers with a range of services for Construction Equipment, “Main Street” Fleet Vehicles and Inventory Management for Dealerships.
With a majority of these subscriptions in the field, and the balance rolling out in the coming months, the benefits of the services are becoming recognized among customers as valuable contributions to their businesses.
“This major milestone serves to validate our strategy to expand the LoJack brand beyond our foundation of Stolen Vehicle Recovery,” said Randy Ortiz, President and CEO of LoJack. “We have leveraged our well-known brand and distribution channels in the U.S. to establish telematics offerings that provide subscription-based services to our customers that are relevant on a daily basis.”