WESTWOOD - Stolen vehicle recovery company LoJack Corporation celebrates its 25th anniversary this month. Since being introduced in 1986, the LoJack system has recovered more than 300,000 stolen cars, SUVs, light trucks, motorcycles, heavy equipment and construction equipment worth nearly $4 billion globally.
The current recovery rate for stolen LoJack-equipped assets that are reported stolen remains at 90 percent, while the national recovery rate is at nearly 57 percent, according to the company.
The LoJack System was originally founded by former Medfield, Mass., police commissioner and selectman Bill Reagan as a way to protect vehicles from theft and help keep police officers safe during routine traffic stops or during high-speed chases when pursuing stolen vehicles. In testing, Reagan’s prototype solution proved to be successful 100 percent of the time and was called “the promise of the future” by former Massachusetts governor Michael Dukakis, according to the company.
“It earned our respect because it worked time and time again,” said Lou Koven, former Los Angeles Police Department officer and member of the International Association of Auto Theft Investigators (IAATI) “It’s amazing how auto theft changed as LoJack gained acceptance.”
The system currently operates in 28 states and the District of Columbia, and in more than 30 countries throughout North America, South America, Europe, Africa and Asia.
Also, more than 1,900 law enforcement agencies across the country use LoJack Police Tracking Computers.
“New, old, used cars, construction equipment and even classic cars are now recovered because of LoJack,” Koven said. “It’s true that we would never have recovered the number of cars we have if it weren’t for the LoJack System.”
The company is currently offering customers the opportunity to enter into LoJack’s 25th anniversary free ride event, in which one winner will receive $25,000 and 25 other entrants will receive free LoJack units.
