Vancouver, Canada: December 19, 2007 – Absolute Software Corporation (“Absolute” or the “Company”) (TSX: ABT), the leading provider of firmware-based, patented Computer Theft Recovery, Data Protection and Secure Asset Tracking announced today that its personal computing product, Computrace LoJack for Laptops is now being distributed by Best Buy Canada. Best Buy will offer this product in-store as well as through its Geek Squad 24 hour in-home and in-office computer support services.
According to John Livingston, Chairman and CEO of Absolute Software, “We are pleased to be working with Best Buy, a major distribution channel for many of our computer manufacturer partners. Making Computrace LoJack for Laptops available through Best Buy and its Geek Squad is an excellent opportunity to increase attach rates to our theft recovery services. As well, our theft protection solution will benefit from the consultative sales expertise of Best Buy’s employees as they work with new laptop buyers.”
“With the rapidly-expanding consumer interest in laptop computers and the holiday shopping season in full swing, Computrace LoJack for Laptops is a timely addition to our product portfolio,” said Andrew Grantham, National Business Sales and Service Manager, Best Buy and the Geek Squad. “The service offers both our retail customers and Geek Squad clients an additional inexpensive option for protecting their new investment in a laptop computer.”
Livingston continued, “During the busy holiday season, laptop computers and the personal information they contain are attractive targets for would-be identity thieves. We have recovered literally thousands of computers for our customers and remain the leading solution designed to allow consumers and police to strike back at computer criminals. With the product available on store shelves at another major retailer, protecting computers from theft is that much more convenient for holiday shoppers.”
How It Works
Support for the software agent that powers Computrace LoJack for Laptops is built into computers from the world’s leading manufacturers during the manufacturing process1. The agent is shipped turned off, and can be activated with the purchase of a subscription to Computrace LoJack for Laptops. When a Computrace-equipped computer is reported stolen, the embedded Computrace agent sends a silent signal to Absolute’s Monitoring Center providing critical location information. Absolute then works with local law enforcement to recover the computer, and, if necessary, assist with search warrant applications and subpoenas to ISP’s. Hidden in the BIOS of a computer, the Computrace agent is capable of surviving operating system re-installations, as well as hard-drive reformats, replacements and re-imaging.
For more information on Absolute Software and its range of Computer Theft Recovery, Data Protection and Secure Asset Tracking™ solutions, please visit www.absolute.com or www.lojackforlaptops.com/.
1 For a complete list of BIOS-supported computers visit www.absolute.com/BIOS.
About Absolute Software
Absolute Software Corporation (TSX: ABT) is the leader in Computer Theft Recovery, Data Protection and Secure Asset Tracking™ solutions. Absolute Software provides organizations and consumers with solutions in the areas of regulatory compliance, data protection and theft recovery. The Company's Computrace® software is embedded in the BIOS of computers by global leaders, including Dell, Fujitsu, Gateway, HP, Lenovo, Motion, Panasonic and Toshiba, and the Company has reselling partnerships with these OEMs and others, including Apple. For more information about Absolute Software and Computrace, visit www.absolute.com.
