LoJack yesterday announced it has entered into an agreement with the largest Ford dealership in the world, Galpin Ford, to install the LoJack Stolen Vehicle Recovery System on Galpin’s vehicle fleet. This agreement is the largest of its kind to be established between LoJack Corporation and a single dealer, representing a strategic direction LoJack is taking with topflight dealers such as Galpin Ford.
Galpin Ford has been the world’s largest Ford dealership for 22 consecutive years, and the arrangement between the two entities is a win for both. Vehicle thefts are happening increasingly at dealer lots, and Los Angeles particularly – where Galpin Ford is located – is ranked as one of the worst areas in the United States when it comes to car theft. Galpin Ford will now have the best available protection for its entire fleet of vehicles and can readily pass that protection along to customers who purchase the LoJack System. LoJack, in return, will have the endorsement of one of the nation’s largest and most successful car dealerships and the biggest Ford dealership on earth.
The flagship Stolen Vehicle Recovery System offered by LoJack Corporation will be installed on Galpin Ford’s fleet of vehicles, and LoJack will additionally provide value-added services in dedicated training, installation, and marketing. This will include representatives from LoJack who will be onsite at Galpin Ford to deliver personalized training on the LoJack System to the dealership’s entire sales staff. A team of certified installation representatives will also be on hand to install the LoJack System into Galpin Ford’s vehicle fleet. LoJack will additionally work with Galpin representatives on various initiatives to assist in enhancing the overall Galpin Ford customer experience, including analyzing customer traffic flow to offer insights into what attracts customers’ attention within the dealership. Finally, LoJack will develop customized, co-branded collateral on the LoJack System to enable Galpin to distribute educational marketing materials to customers.
Over the course of more than 25 years, LoJack Corporation has assisted more than 9 million people in protecting their vehicles from theft. Today, the company provides safety, security, and protection for a constantly growing range of valuable assets and people.
For more information, visit www.lojack.com
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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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An unusual implication of the economic slow-down is the heightened need to protect movable assets. Automobiles and common construction equipment are prime targets of rings of criminals. These kinds of assets are easy to sell in fraudulent manner. They are also poorly protected by conventional means, and are therefore relatively easy to steal.
Here is a company that has saved the world more than $4 billion by helping to track and recover stolen assets. The company uses the latest Radio Frequency technology. It operates throughout the world and can integrate its systems with law enforcement organizations. This is already in practice in the United States.
Similarly, the company has recently extended its technology to the search and rescue business through a license for a relevant service provider in North America. The Insurance industry in the United States also supports this company, and motorcycle owners can save on insurance costs by arming their vehicles with the company’s protection devices and systems. iPhones are also protected by the company. Investors can discern a pattern of strategic moves by the company management to make their core technology as useful as possible for clients.
The stock boasts superior business numbers within the Security Systems & Services Industry. The Price to Equity Ratio for the last four quarters is below 12 in an industry for which the ratio approaches 20. Sales have grown at nearly 14% over the past five years, though most competitors have flat reports in this respect. The Earnings per Share have grown twice as fast as for the industry during the period. The Net Profit Margin has been three times better than for the average rate achieved by competitors on a Trailing Twelve Months basis.
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