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In 1981 a new LoJack Corporation was formed by the merger of W.R. Reagan Associates and the LoJack Corporation, which then became the surviving company.
Now that his invention was on the market, Bill Reagan resigned from presidency of the LoJack Corporation and was succeeded by C. Michael Daley, who had been a director of the company since 1981.
1983-93: Fighting Crime, Developing and Testing a Prototype, Creating a Market
At the time, this commonwealth had the highest rate of car thefts in the country: 864.8 motor vehicle thefts per 100,000 population, according to John Swanson's quotation from Uniform Crime Reports for 1985.
In 1986, Massachusetts became the first state to adopt the LoJack System.
According to John Swanson, who became a consultant for the LoJack Corporation in 1987, Bill was preoccupied with the growth of car thefts throughout the nation in general and the greater Boston area in particular.
In spite of a 27 percent increase in revenues for 1991, LoJack Corporation's stock shrank from $100 million to less than $33 million.
1995: LoJack licenses its technology to selected international markets and develops the CarSearch Stolen Vehicle Recovery System, which operates independently of law enforcement networks.
According to Kevin Hall's story in the July 21, 1997 issue of Journal of Commerce, many of the cars stolen in Miami and Dade County were exported illegally through the Port of Miami to Haiti, as well as to Central and South America.
In June 1999, according to Heavy Equipment News, LoJack reported recoveries of a $300,000 Caterpillar front-end loader, a Cat combination front-end loader/backhoe and, for one company a 580L backhoe, trailer, and a flatbed truck.
United had begun to install LoJack units on its equipment in 1999 and had since installed the units in more than 4,000 pieces of equipment ranging from light towers to heavy-duty dump trucks.
2001: Motorola ships its two millionth LoJack Unit to LoJack Corporation.
The company planned to introduce this option in selected markets in 2002.
Background Lojack Corporation And Newer Market.Lojack. (July 12, 2021). Retrieved from https://www.freeessays.education/background-lojack-corporation-and-newer-market-lojack-essay/
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| RealTruck.Com | 1998 | $20.0M | 139 | 15 |
| CarsDirect | 1998 | $11.0M | 105 | - |
| Peugeot Brasil | 2001 | $169.8B | 208,780 | - |
| International Speedway | 1953 | $677.1M | 1,000 | - |
| Audi Of America | - | $520,000 | 30 | 6 |
| Coker Tire | 1958 | $1.5M | 30 | 12 |
| MXenergy | - | - | 5 | - |
| Endurance | 2006 | $11.0M | 176 | - |
| Safelite Auto Glass | - | $750,000 | 10 | - |
| Dealer Specialties | 1989 | $3.6M | 437 | - |
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LoJack may also be known as or be related to LOJACK CORP, LoJack, LoJack Corp., LoJack Corporation and Lojack Corporation.