CalAmp Reaches Global Milestone with Over $1.5 Billion Worth of Stolen Vehicle Recoveries to Date

IRVINE, Calif., Aug. 12, 2021 /PRNewswire/ -- CalAmp (Nasdaq: CAMP), a connected intelligence company helping businesses and people track, monitor and recover vital assets with real-time visibility and insights, reports its stolen vehicle recovery (SVR) solutions have successfully recovered over $1.5 billion worth of vehicles internationally from inception to date. The total includes £563 million by Tracker in the United Kingdom, €290 million by LoJack Italia and over $8 billion (MXN) by LoJack Mexico.  This marks an important global milestone in CalAmp's history as it celebrates its 40^th anniversary this year.

CalAmp's proven SVR solutions have used radio frequency, cellular and GPS tracking technology and direct integration and communication with local law enforcement to help consumers, automotive dealers, car rental agencies and insurers worldwide to recover their stolen vehicles. CalAmp operates LoJack's international footprint, including Tracker in the United Kingdom, LoJack Italia, LoJack Mexico and recently launched LoJack España. There are also LoJack licensees worldwide in Belgium, The Netherlands, South Africa, Argentina, Chile, Peru, and Ecuador, among other countries.

In addition to cumulative figures from inception to date, CalAmp's international entities offer insightful 2020 data on vehicle theft risks, methods and recoveries in their respective regions:

"Even as thieves worldwide look to more sophisticated means of vehicle theft, our global customers can find peace of mind knowing that our connected car solutions are equipped to help them protect their investments and prevent potential losses. We're proud to be making a difference and creating safer communities in every country across our international footprint," said Jeff Gardner, CEO of CalAmp. "We have continued to expand our connected car capabilities to provide automotive OEMs, corporate fleets, car rental agencies and drivers even greater visibility, intelligence and support for their vehicles on the road."

CalAmp's connected car solutions include the LoJack Connect consumer mobile app that offers vehicle location, road-side assistance, CrashBoxx® crash response services, accident reconstruction, and departure and arrival notifications. The SmartDealer inventory management system provides dealers with real-time intelligence into their vehicle inventory, including operational health, location and alerts when vehicles enter or exit defined areas. CalAmp has also recently expanded into electric vehicle (EV) support to provide data on EV performance, driver behavior and battery life.

For more information about CalAmp's full range of connected car solutions, please visit: www.calamp.com/solutions/connected-cars.

CalAmp, LoJack, TRACKER, Here Comes The Bus, Bus Guardian, iOn Vision, CrashBoxx and associated logos are among the trademarks of CalAmp and/or its affiliates in the United States, certain other countries and/or the EU. Spireon acquired the LoJack® U.S. Stolen Vehicle Recovery (SVR) business from CalAmp and holds an exclusive license to the LoJack mark in the United States and Canada. Any other trademarks or trade names mentioned are the property of their respective owners.

SOURCE CalAmp

Related Links

http://www.calamp.com