LoJack Supply Chain Integrity Leverages KORE GSM Network to Safeguard High-Value Assets during Transport
Reston, Va.—May 5, 2009—KORE Telematics, the world's largest digital wireless services provider specializing in machine-to-machine (M2M) communications, today announced it has teamed with LoJack Supply Chain Integrity (LoJack SCI) to provide GSM wireless services to power their advanced supply chain monitoring and security solutions for the global transportation industry.
LoJack SCI's service relies on KORE Telematics' M2M network for GSM services to enable LoJack SCI wireless devices to track, monitor and recover cargo in transit. LoJack SCI delivers a truly integrated solution for supply chain protection from tracking, monitoring and recovery to investigation and prevention, which enables organizations to reduce and manage risks in the supply chain. KORE provides LoJack SCI with an integrated GSM wireless network that addresses their domestic requirements and international expansion strategy. KORE coverage capabilities, reliability, comprehensive management and optimized usage plans enable LoJack SCI to ensure availability and dependability of its solution on a 24/7/365 basis for their members.
For a wide cross-section of manufacturers—from pharmaceuticals to electronics to consumer goods—monitoring high-value products during transit poses special challenges. For example, pharmaceuticals have a large resale value on the black market, which makes them valuable targets for theft while in transit. If a medicine is controlled, it is also subject to strict DEA chain-of-custody regulations from origin to destination and at every point in between. In addition to meeting these strict security regulations and preventing theft, companies must efficiently maintain product visibility throughout the supply chain even though logistics operations are often sub-contracted to third parties.
"As we looked for a GSM wireless service provider that would help us deliver reliable visibility across the transit routes of our customers, at an economical cost, KORE stood out from the pack," said Robert Furtado, CEO of LoJack Supply Chain Integrity. "With KORE as our GSM wireless backbone, we have been able to build applications that make the supply chain operations of our customers as visible, secure and efficient as they can possibly be."
With advances in M2M wireless devices and networks, shippers can covertly track their assets at the vehicle, pallet and even individual product level simultaneously—thus limiting exposure to theft and enabling manufacturers to audit their supply chain partners for adherence to security protocols.
"When manufacturers and shippers move cargo worth millions of dollars, failure is not an option," said Alex Brisbourne, president and COO, KORE Telematics. "At KORE, we view our M2M wireless network as a value-added asset for partners like LoJack SCI that are innovating their respective industries."
About LoJack Supply Chain Integrity
Founded in 2004, LoJack Supply Chain Integrity provides a truly integrated solution for supply chain protection—from covert tracking, monitoring and recovery utilizing the LoJack law enforcement network to investigative intelligence to information sharing and analysis—making its solution the most comprehensive in the industry. LoJack SCI is building an extensive, diverse community of members—from private industry to law enforcement—who for the first time have a platform to share information and combat supply chain threats, making the company a powerful force in the market. In 2008, LoJack Corporation (NASDAQ: LOJN) became a majority shareholder in LoJack SCI, bringing its venerable brand's resources, recovery expertise and law enforcement relationships to this innovative, emerging company. Visit www.sc-integrity.net.
About KORE Telematics
KORE Telematics is the world's largest fully digital wireless network provider specializing in the rapidly-expanding machine-to-machine (M2M) communications market. Companies in fields as diverse as security, utilities, health care and fleet management, as well as government agencies, are implementing M2M solutions to achieve productivity gains, cost management, environmental improvement and to expand customer services. Through its extensive network of application and hardware partners, KORE enables complete solutions for vehicle tracking, homeland security, automated metering and dozens of other M2M applications. KORE's long-term, direct agreements with Tier 1 wireless operator partners allow it to offer a range of technologies—including GSM, HSPA, CDMA and EV-DO—that ensures the greatest possible reliability and coverage. For more information, please visit www.koretelematics.com.