Offers Travelers’ Customers an Opportunity to Obtain Theft Protection Solution for Transportation of High-Value Cargo
LoJack Supply Chain Integrity (LoJack SCI), developers of an innovative, first-of-its-kind integrated solution that reduces and manages risk throughout the supply chain, today announced an agreement with Travelers’ Inland to provide theft protection solutions. This agreement offers Travelers’ insureds, who may transport high-value, high-risk cargoes, the opportunity to purchase, lease or rent LoJack Supply Chain Integrity’s cargo tracking, monitoring and recovery solution called LoJack SCI InTransit at a discounted rate.
Travelers’ customers can now purchase the LoJack SCI InTransit covert monitoring devices at a reduced price of up to 25 percent per unit off the retail price. In addition, Travelers’ customers with a temporary need for the service can rent LoJack SCI InTransit on a short-term basis (minimum of 30 days) and are eligible for up to a 15 percent reduction on the rental fee.
“Travelers Inland recognizes that cargo theft continues to be a serious problem in the United States and encourages its customers to better protect their business through comprehensive supply chain security solutions,” said Scott Cornell, Specialty Investigations Manager for Travelers. “We are constantly working with our customers to help them manage the risks they face in their supply chain.”
LoJack SCI InTransit features GPS, Assisted GPS, Cellular (CDMA and GSM) and Radio Frequency technology to provide the most advanced tracking, monitoring and recovery solution in the supply chain. The solution incorporates covert wireless devices for tracking, a web-based user interface that utilizes intelligent mapping and 24/7/365 real-time surveillance and monitoring. LoJack SCI InTransit also includes a Law Enforcement Dispatch and Recovery Network that is unparalleled in the supply chain security market. The system is part of LoJack Supply Chain Integrity’s total solution for reducing and managing risk in the supply chain – the only total integrated solution available today.
Robert Furtado, LoJack Supply Chain Integrity’s Chief Executive Officer, said, “Supply chain security is absolutely critical for businesses today, particularly with the state of the economy. With this program, we are making our powerful LoJack SCI InTransit solution highly accessible on a long-term or short-term basis to interested Travelers’ customers, ultimately providing these companies with a powerful and cost-effective way to protect their high-risk cargo in transit.”
Travelers customers are not obligated to purchase or rent LoJack SCI InTransit and whether or not a customer decides to purchase or rent the device will have no effect on their insurance premium with Travelers
About LoJack Supply Chain Integrity
LoJack Supply Chain Integrity is the only company that provides a total integrated solution for supply chain protection—from information sharing and analysis to investigative intelligence to covert monitoring and recovery—making its solution the most complete in the industry. LoJack Supply Chain Integrity 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. Founded in 2004 as Supply Chain Integrity, the company was renamed LoJack Supply Chain Integrity following an investment from LoJack Corporation (NASDAQ: LOJN) in 2008. At that time LoJack became a majority shareholder in the company, bringing its venerable brand’s resources, recovery expertise and law enforcement relationships to this innovative, emerging company. Visit www.lojacksci.com.
The Travelers Companies, Inc. is a leading property casualty insurer selling primarily through independent agents and brokers. Travelers understands that life and business are inherently dynamic and that the best way to serve customers is to deliver insurance in-synch with evolving risks. The company’s diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. A Fortune 100 company, Travelers has 33,000 employees and generated revenues of approximately $24 billion in 2008. Travelers stock is traded on the New York Stock Exchange and is a component of the Dow Jones Industrial Average. For more information on being in-synch, visit www.travelers.com
Supply Chain Integrity
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Tier One Partners