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| Boomerang Tracking leads to the recovery of approximately $250,000 and two arrests
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Boomerang Tracking successfully located approximately a quarter of a million dollars in stolen assets as part of a recent tracking operation in Ontario.
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Contractors Rental
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Media Coverage
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Contractors Rental
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4/1/2003
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In the early morning of Friday, February 21, 2003, thieves drove off with a Bobcat excavator and Chevrolet dump truck from a London area construction site. The report of the theft to Boomerang Tracking initiated a tracking operation that led to the arrest of two individuals and the recovery of several valuable pieces of heavy equipment.
The Boomerang team tracked the stolen assets from just outside of London until Ontario Provincial Police stopped the stolen convoy on the eastbound 401 Highway just outside of Gananoque, Ontario. The tracking operation led not only to the recovery of these valuable assets but also to the recovery of three additional pieces of equipment reported stolen, including a GMC Topkick truck, another trailer and a John Deere bulldozer, representing a collective value of approximately $250,000.
According to the Toronto Construction Association, thieves walk or drive off Ontario construction sites with over $12 million worth of equipment each year. Canada-wide, the losses come to $32 million. “Construction theft is big business. Contractors not only face increased overhead, operating, security and insurance costs, but also scheduling hurdles and lost man-hours of production,” stated Serge Laporte, Vice-President of Sales and International Business Development, Boomerang Tracking Inc. “With the Boomerang Tracking System, contractors can be assured that their assets are well protected 24 hours a day, seven days a week.” concluded Mr. Laporte.
The Boomerang Tracking System utilizes leading-edge wireless technology to locate automobiles and heavy equipment anytime, anywhere in North America. To date, the system has led to the recovery of over 2,200 vehicles and heavy equipment valued at over $112 million.
The Boomerang and Boomerang2 devices are the central devices in a cellular-based asset tracking system utilizing the wireless systems of major regional telecommunications companies. The Boomerang Tracking System is capable of locating stolen automobiles, heavy equipment and valuable objects. The Boomerang Tracking System is installed through a network of authorized dealers located throughout the provinces of Quebec, Ontario and British Columbia.
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| Boomerang
Tracking Inc. markets and distributes the Boomerang®
tracking devices, proprietary products using technology
patented by the Company. The Boomerang, Boomerang2™
and GSM-based units are the central devices in
a system that uses the wireless networks of major
regional telecommunications companies for tracking
stolen assets. The Boomerang Tracking System is
capable of locating stolen automobiles, heavy
equipment and valuable assets. As a result of
its success, the Company has received the endorsement
of members of the insurance industry. The Boomerang
devices are available and installed through a
network of authorized dealers in Quebec and Ontario.
The Company's head office, research and development
centre and manufacturing facilities are located
in Montreal, Quebec, with regional facilities
located in Mississauga, Ontario. Boomerang Tracking is a wholly owned subsidiary of LoJack Corporation (NASDAQ:LOJN). |
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