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February 6-8, 2012
LoJack Reaches Milestone 1,000th Recovery of Construction Equipment
Newark, N.J.-based LoJack Corp., last week announced it reached a milestone 1,000th construction equipment recovery in the United States. The recovery, which took place in New Jersey on February 23, involved a stolen 2002 Ingersoll-Rand loader, which was tracked and recovered by the Essex County Police using LoJack’s Stolen Vehicle Recovery System, a recovery system that is directly integrated into law enforcement vehicles, helicopters and fixed-wing aircraft.
The vehicle was actually tracked down in 15 minutes via the Essex County Police use of the LoJack Stolen Vehicle Recovery System. Once the police report was filed and the LoJack system was activated, the officers quickly tracked the radio frequency signal to a location in Newark, N.J. Upon obtaining a search warrant to enter the property, the officers found several pieces of stolen construction equipment, including the 2002 Ingersoll-Rand loader and flatbed trailer, a 1999 John Deere backhoe and flatbed trailer, a 2001 Komatsu excavator and flatbed trailer and an Ingersoll-Rand compressor. The three other units, which were not equipped with LoJack, were stolen from three separate locations.
Police estimate the cost of the stolen equipment at $500,000.
The 90-percent recovery rate for vehicles equipped with LoJack has translated over the years into $1.5 billion in recovered assets in the United States.
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