LoJack-Judgment Entered on Prior Jury Verdict in Breach of Contract Case Against Clare, Inc.

WESTWOOD, Mass., June 1  /PRNewswire-FirstCall/ -- LoJack Corporation (NASDAQ:LOJN) today announced that the Superior Court of Norfolk County, Massachusetts entered judgment on May 30, 2006 based on the February 9, 2006 jury verdict in favor of LoJack in its breach of contract suit against Clare, Inc. (Clare), a wholly owned subsidiary of IXYS Corporation (NASDAQ:SYXI). The Court entered judgment for damages awarded by the jury in the amount of $36,700,000, pre-judgment interest at the rate of 12% per annum of $6,941,984, legal fees of $679,332 and costs of $28,861, for a total judgment of $44,350,177.  Under Massachusetts law, judgments for the payment of money bear post-judgment simple interest from the day of entry at the same 12% rate per annum as provided for prejudgment interest.  Clare's motion for judgment notwithstanding the verdict remains pending.

LoJack anticipates that Clare will appeal the judgment to the Massachusetts Appeals Court.

About LoJack Corporation

LoJack Corporation, the premier worldwide marketer of wireless tracking and recovery systems for valuable mobile assets, is the undisputed leader in global stolen vehicle recovery. Its Stolen Vehicle Recovery System delivers a better than 90% success rate and has helped recover more than $3 billion in global assets. The system is uniquely integrated into law enforcement agencies in the United States that use LoJack's in-vehicle tracking equipment to recover stolen assets, including cars, trucks, commercial vehicles, construction equipment and motorcycles. Today LoJack operates in 26 states and the District of Columbia, representing areas of the country with the greatest population density, and highest number of new vehicle sales and incidence of vehicle theft. In addition, LoJack technology is utilized by law enforcement and security organizations in more than 25 countries throughout Europe, Africa, Latin America and Asia.

  Contact:
  Joseph F. Abely
  Chief Executive Officer
  [phone]

  Paul McMahon
  Dir. Corp. Communications
  [phone]

  John Swanson
  Swanson Communications, Inc.
  [phone]


DATASOURCE: LoJack Corporation



CONTACT:  Joseph F. Abely, Chief Executive Officer, [phone], or

Paul McMahon of Dir. Corp. Communications, [phone]; or John Swanson of

Swanson Communications, Inc., [phone] 



Web site:  http://www.lojack.com/

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