CANTON, Mass., Jan. 23, 2015 /PRNewswire/ -- LoJack
Corporation (NASDAQ: LOJN), a leader in vehicle theft recovery and
advanced fleet management solutions, announced today a
collaboration with Novatel Wireless (NASDAQ: MIFI) to develop
robust positioning and accuracy capabilities in the
LoJack® Connect for Inventory Management system, which
will be demonstrated in LoJack's booth (#5058W) at the 2015
National Automotive Dealers Association (NADA) Convention &
Exposition.
The LoJack® Connect for Inventory Management
system helps sales personnel at dealerships accurately track and
actively monitor vehicle inventory across multiple lots, helping to
minimize the time required in the regular dealer inventory
process. Accessible via computer, tablet and mobile phone,
users can verify vehicle location, quickly access relevant vehicle
information, track test drives and receive early warning alerts if
a vehicle is moved from a geo-fenced location.
LoJack Connect for Inventory Management is powered by the
award-winning Novatel Wireless 3060 OBDII solution for
HSDPA/GSM/GPRS. The MT 3060 is a specialized OBD II telematics
solution that offers advanced technology and a sophisticated
feature set, combined with high quality and compatibility testing
standards. With dual accelerometers, GNSS support, an open
platform, the N4A Content Cloud Management System and more, the MT
3060 enables LoJack to offer a reliable, best of breed telematics
solution to dealerships nationwide with the LoJack Connect for
Inventory Management system.
"We're excited to collaborate with Novatel Wireless to enhance
our inventory management offering to automotive dealerships around
the country," said Randy Ortiz,
President and CEO of LoJack Corporation. "We have been actively
listening to our dealer network to identify new ways that LoJack
can deliver products and services to boost their bottom-line. We
believe automotive dealers need an inventory management system that
combines the proven technology of both LoJack and Novatel Wireless,
which will enable them to simultaneously streamline operations
while improving the fundamental customer experience."
"Our collaboration with LoJack is an excellent opportunity to
provide the respective strengths of our companies to automotive
dealers," said Alex Mashinsky, CEO
of Novatel Wireless. "We look forward to working with LoJack to
provide the automotive industry with top-notch inventory management
solutions that utilize our highly-precise positioning
technology."
LoJack Connect for Inventory Management system has
been piloted at top dealerships including South Florida's Braman Motorcars. LoJack
Connect for Inventory Management will be available in the second
quarter of this year.
About LoJack Corporation
LoJack Corporation, the company that has helped more than nine
million people protect their vehicles in the event of theft over
the past 25+ years, today provides safety, security and protection
for an ever-growing range of valuable assets and people. Leveraging
its core strengths, including its well-known brand, direct
integration with law enforcement and dealer distribution network,
LoJack Corporation is expanding into new areas across the continuum
from theft deterrence to recovery and fleet management services.
The Company is focusing on creating a new level of value for its
dealer, customer and investor communities by delivering innovative
offerings, multiple technologies in expanding geographies. For more
information, visit www.lojack.com, www.autotheftblog.com,
www.youtube.com/lojack, www.twitter.com/LoJackCorp or
www.Facebook.com/LoJackCorp.
About Novatel Wireless
Novatel Wireless, Inc.
(Nasdaq:MIFI) is a leader in the design and development of M2M
wireless solutions based on 2G, 3G and 4G technologies. The Company
delivers Internet of Things (IoT) and Cloud SAAS services to
carriers, distributors, retailers, OEMs and vertical markets
worldwide. Product lines include MiFi® Intelligent Mobile Hotspots,
USB modems, Expedite® and Enabler embedded modules, Mobile Tracking
Solutions, and Asset Tracking Solutions. These innovative products
provide anywhere, anytime communications solutions for consumers
and enterprises. Novatel Wireless is headquartered in San Diego, California. http://www.nvtl.com.
@MiFi (Twitter)
MiFi is a registered trademark of Novatel Wireless, Inc. – the
creators and patent holders of MiFi Intelligent Mobile
Hotspots.
This release may contain forward-looking statements, which are
made pursuant to the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995, as amended to
date. These forward-looking statements involve risks and
uncertainties. A number of important factors could cause actual
results to differ materially from those in the forward-looking
statements contained herein. These factors include risks relating
to technological changes, new product introductions, continued
acceptance of Novatel Wireless' products and dependence on
intellectual property rights. These factors, as well as other
factors that could cause actual results to differ materially, are
discussed in more detail in Novatel Wireless' filings with the
United States Securities and Exchange Commission (available at
www.sec.gov) and other regulatory agencies.
© 2015 LoJack Corporation. All Rights Reserved. LoJack and the
LoJack logo are trademarks or registered trademarks of the LoJack
Corporation in the United States
and other countries. Novatel Wireless and the Novatel Wireless logo
are trademarks of the Novatel Wireless Corporation in the United States.
Media
Contacts
|
|
Novatel
Wireless
|
LoJack
|
Anette
Gaven
|
Melissa
Latham
|
Agaven@nvtl.com
|
LoJack@matternow.com
|
619-993-3058
|
978-518-4523
|
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SOURCE LoJack Corporation