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LoJack Selects AirIQ OnLine to Be Service Provider

12 September 2000

LoJack Corporation Selects AirIQ OnLine to Be Service Provider for Its New Telematics Product

    TORONTO--Sept. 11, 2000--AirIQ Inc., a unique wireless application service provider specializing in the emerging telematics industry, and LoJack Corporation (NASDAQ NMS:LOJN), the world leader in stolen vehicle recovery, jointly announced today that they have signed an agreement in which AirIQ will be the exclusive application service provider for LoJack's in-vehicle telematics product for the automotive aftermarket.
    The new LoJack product - expected to be introduced in early 2001 - will allow consumers a suite of safety and security services and commercial customers fleet management capabilities. AirIQ is one of the first companies to gather wireless location and other types of data and deliver it to customers via the Internet.
    In announcing LoJack's participation in the agreement, C. Michael Daley, Chairman, said, "AirIQ's ability as an application service provider (ASP) to marry wireless technology with Internet communication is key to enabling LoJack to provide its customers with a cost effective telematics product which will offer location technology, roadside assistance, collision notification and "Mayday" services, as well as asset tracking and remote door unlocking.
    "This agreement, along with previously announced agreements with Wireless Link Corporation, to develop a state-of-the-art vehicle telematics product, and with Aeris.net, which transmits information via its Micro-Burst(TM) cellular network utilizing control channels completes the strategic alliances necessary to put LoJack on course to begin our marketing program. Our objective is to provide an affordable safety and security device for individual consumers and a cost effective fleet management tool for small to mid-sized fleets."
    Don Simmonds, President and CEO of AirIQ, said, "AirIQ's depth of experience in telematics allowed us to meet LoJack's high expectations and exacting standards. Our powerful Web-based service, AirIQ OnLine, provides customers and the LoJack call center with vital location-based information." Telematics is the provision of wireless location-based information to and from vehicles.
    The foregoing statements concerning expectations for the balance of fiscal 2001 and thereafter are forward-looking statements which involve a number of risks and uncertainties which could cause actual results to differ from those projected. Such risks and uncertainties include, without limitation, matters affecting the sales of automobiles, and the state of the economy in general, as well as matters affecting the company, such as timing of commencement of operations of new markets and the success and financial condition of the company's new and existing foreign licensees, the results of the company's domestic markets, and other factors which are listed in Exhibit 99 to the company's Annual Report on Form 10-K for the fiscal year ended February 29, 2000.