Agreement Will Expand LoJack for Laptops Distribution to Major Online, B2B and Retail Outlets
Vancouver, Canada: February 15, 2011– Absolute® Software Corporation(“Absolute” or the “Company”) (TSX: ABT), the leading provider of firmware-based, patented, computer theft recovery, data protection and secure computer lifecycle management solutions announced today that it will be expanding the distribution of its consumer solution LoJack® for Laptops in partnership with SYX Distribution, a company that is an affiliate of, and provides distribution services to, TigerDirect, CompUSA and CircuitCity.com. “Our research indicates that 40% of consumers have more than seven computer devices in their homes – many of these are treasured laptops, MacBooks and PCs. These represent a substantial investment and target for would-be thieves,” said Mark Grace, vice president of consumer business at Absolute Software. “By making our solution widely available through TigerDirect’s trusted shopping venues customers use to purchase these devices, we are making it that much more convenient for consumers to get proven anti-theft protection.”
Beginning in the first quarter of calendar 2011, LoJack for Laptops by Absolute Software will be available to consumers as part of their computer purchasing experience at major online, B2B and retail locations including: CompUSA, TigerDirect, and Circuit City. In addition, these retailers will offer LoJack for Laptops as part of all of their computer service offerings (for example, repair services, technical support services and software installation services). The product may also be purchased as part of Service Warranty Plans and from the TigerDirect and CompUSA’s B2B sales teams.
“LoJack for Laptops gives computer owners a degree of peace of mind that contributes to a better experience owning a computer,” said Gilbert Fiorentino, CEO of TigerDirect. “This offering is a good addition to the value we can offer our customers.”
LoJack for Laptops is the industry’s leading computer anti-theft solution for home computer users. Powered by patented Computrace® technology, LoJack for Laptops is the chosen consumer theft recovery solution of the world’s leading computer manufacturers.
Features of the subscription-based service include:
Geolocation – For day-to-day use (in non-theft scenarios), consumers can keep track of their computer on an internet-based map.
Device freeze – If a computer is suspected to be simply lost and not stolen, customers can freeze their computer and display a custom message for whoever finds it. In addition, an unauthorized user cannot access the content on the computer, keeping private information safe in an effort to prevent identity theft.
Remote data delete – To protect their personal information, customers can choose to delete a pre-set group of files or all files, including the operating system.
Managed theft recovery – If a computer is stolen, the Absolute Theft Recovery Team will work with local law enforcement to recover it.
TigerDirect (http://www.tigerdirect.com) serves the needs of both personal and business computer users, selling consumer electronics, computers, digital media technology and peripherals via retail stores, catalog and Internet channels. TigerDirect is a subsidiary of Systemax Inc. (NYSE: SYX).
Absolute empowers more than 12,000 customers worldwide to protect devices, data, applications, and users against theft or attack — both on and off the corporate network. With the industry’s only tamper-proof endpoint visibility and control solution, Absolute allows IT organizations to enforce asset management, security hygiene, and data compliance for today’s remote digital workforces. Absolute’s patented Persistence®technology is embedded in the firmware of Dell, HP, Lenovo, and 22 other leading manufacturers’ devices for vendor-agnostic coverage, tamper-proof resilience, and ease of deployment. See how it works atwww.absolute.comand follow us at@absolutecorp.
This press release contains forward-looking statements and financial outlook that involve risks and uncertainties. These forward-looking statements and financial outlook relate to, among other things, the expected performance, functionality and availability of the Company’s services and products, and other expectations, intentions and plans contained in this press release that are not historical facts. When used in this press release, the words “plan,” “expect,” “believe” and similar expressions generally identify forward-looking statements. These statements reflect the Company’s current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and general market conditions. In light of the many risks and uncertainties, readers of the press release should understand that Absolute cannot assure them that the forward-looking statements and financial outlook contained in this press release will be realized. Furthermore, the forward-looking statements and financial outlook contained in this press release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements and financial outlook, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.