ARC Wireless Solutions Manufactures Ruggedized Stolen Vehicle Recovery Product For LoJack Corporation
WHEAT RIDGE, Colo.--Aug. 3, 20041, 2004--| New Version of LoJack's Highly Effective System Delivers Enhanced Theft Protection for Heavy/Construction Equipment |
ARC Wireless Solutions, Inc. (OTCBB: ARCS), a leading provider of wireless component and network solutions, announced today that it is manufacturing the new version of LoJack Corporation's Ruggedized LoJack System, which was developed specifically for the recovery of stolen heavy and/or commercial equipment.
Working closely with the LoJack product design team to understand its requirements, ARC Wireless designed an antenna, housing and wiring system that ultimately provides easier installation and better concealment of the product. The next generation Ruggedized LoJack System, which is available immediately, features an internal antenna, transmitter/receiver and back-up battery housed in a self-contained, one-piece unit. The all-in-one design provides flexibility in mounting location and easier concealment -- making it even less likely for thieves to discover the product's presence.
Offering a sealed housing that is water, dust and chemical resistant, the Ruggedized LoJack System can handle the tough environments common to heavy truck, off-road and construction applications. The system has an advanced, robust power management system that both minimizes power consumption and withstands the vibration and shock encountered in active worksites.
This agreement is an extension of ARC Wireless' business with LoJack Corporation. The Company also develops and manufactures concealed antennas for the consumer version of LoJack's stolen vehicle recovery system.
"We are proud to continue to be one of LoJack's trusted suppliers," said Randall P. Marx, Chief Executive Officer of ARC Wireless Solutions. "We have provided antenna solutions to LoJack since 1993, and we look forward to continuing our relationship with LoJack with the new ruggedized tracking system."
About ARC Wireless Solutions, Inc.
ARC Wireless Solutions, Inc. is involved in selective design, manufacturing and marketing, as well as distributing and servicing, of a broad range of wireless components and network products and accessories. The Company develops, manufactures and markets proprietary products, including base station antennas (for cell phone towers) and other antennas, through its Wireless Communications Solutions Division; it is a value-added distributor of Wi-Fi and other wireless networking products through its Winncom Technologies Corp. subsidiary; and it designs, manufactures and distributes cable assemblies for cable, satellite and other markets through its Starworks Wireless Inc. subsidiary. The Company's products and systems are marketed through the Company's internal sales force, OEMs, numerous reseller distribution channels, retail and the Internet. ARC Wireless Solutions, Inc., together with its Wireless Communications Solutions Division and its Starworks Wireless Inc. subsidiary, is headquartered in Wheat Ridge, Colorado. The Company's Winncom Technologies Corp. subsidiary is located in Solon, Ohio. For more information about the Company and its products, please visit our Web sites at www.arcwireless.net, www.antennas.com, www.winncom.com and www.starworkswireless.com.
About LoJack Corporation
LoJack Corporation, the leading worldwide marketer of wireless security and location products and services, is the undisputed leader in global stolen vehicle recovery. Its stolen vehicle recovery system, the only system of its kind delivering a 90 percent success rate, is uniquely integrated into law enforcement agencies around the country that use LoJack's in-vehicle tracking equipment to recover stolen vehicles -- typically within only a few hours. LoJack systems place recovery directly in the hands of law enforcement, which expedites and promotes success in vehicle recovery. The LoJack System operates coast-to-coast in 22 states and the District of Columbia, representing the areas with the greatest population density, highest number of new vehicle sales and incidents of vehicle theft. LoJack is also operated by law enforcement and security organizations in more than 25 countries in Europe, Africa, Asia and the Western Hemisphere.
FORWARD-LOOKING STATEMENTS: This is not a solicitation to buy or sell securities and does not purport to be an analysis of the Company's financial position. This Release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in the forward-looking statements and assumptions upon which forward-looking statements are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. See the Company's most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K for additional statements concerning important factors, such as demand for products, manufacturing costs, and competition, that could cause actual results to differ materially from the Company's expectations.