Plextek wins $50 million order from LoJack Corporation

Plextek's electronics design services include:FPGA design, ESCAN Radar, MMIC design, GPRS design, Communications product design, Microwave design Defence electronics, Electronic product design, RF design, DSP design, Telemetry system, System Integration,Communications system design, Due diligence

Press Release

Plextek wins $50 million order from LoJack Corporation

Issued 30/08/2006

Contract for stolen vehicle recovery units is Plextek's largest to date

Plextek has won a $50 million order from US company LoJack Corporation (NASDAQ NMS: "LOJN"), its largest contract to date. The deal, covering two years, is for production of the next generation LoJack stolen vehicle recovery unit that police can track directly. The first part of the order has already been shipped.

The LoJack contract represents the extension of Plextek's activities from pure design house to niche contract manufacturer of volume communications products. Plextek's manufacturing partner is Clarion (Malaysia), part of the Clarion automotive electronics group. Other supply relationships are expected to follow.

Colin Smithers, Managing Director of Plextek, commented: "This contract is a landmark win for us. Not only is it a significant boost for the company to be selected for this sizeable contract, it's also a great example of our ability to provide a complete design through to manufacture service. It highlights how we've adapted to meet the changing demands on the design services industry."