Pharma Investments, Ventures & Law Weekly
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LoJack Corporation
LoJack Corporation Wins Approval From FCC That Enables Diversification
September 21st, 2008
LoJack Corporation (NASDAQ:LOJN), the leading global provider of recovery systems for stolen mobile assets, announced that the Federal Communications Commission (FCC) has granted LoJack's 2005 petition allowing the company to use the nationwide frequency, which was previously limited to stolen vehicle recovery, for diverse tracking and recovery applications including missing people at risk, individuals of interest to law enforcement, lost or stolen cargo, and hazardous materials. Additionally, the FCC has granted requests that will facilitate the transition of LoJack's network from wideband to narrowband, which will be completed by 2019. As a result of this ruling,...
Source: Pharma Investments, Ventures & Law Weekly (2008-09-21)
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