RecovR® and CADA Join Forces to Combat Vehicle Theft and Enhance Dealership Security

Phoenix, AZ and Ottawa, ON – June 5, 2024 – In a strategic move to address the rising threat of vehicle theft affecting dealerships and consumers across Canada, the Canadian Automobile Dealers Association (CADA) and Kudelski IoT are proud to announce a comprehensive solution powered by RecovR® under the newly launched CADA 360 Security Services program.

Kudelski IoT, a division of the Kudelski Group (SIX: KUD.S), will collaborate closely with CADA to offer dealerships a proven solution to manage their inventory and swiftly recover stolen vehicles, while also creating a valuable theft recovery solution for dealers to offer new car buyers.

CADA President and CEO Tim Reuss emphasized the gravity of the situation and the proactive measures being taken. The new service not only tackles the urgent issue of vehicle theft but also provides an opportunity for dealers to sell the auto theft recovery services to retail customers.

Michael Psotka, CADA's CFO, highlighted the rigorous selection process for this initiative, stating that it is rare for CADA to endorse specific products, but RecovR was chosen after extensive reviews and evaluations.

Patrick Hauert, Kudelski IoT SVP of Asset Tracking, celebrated the partnership and expressed enthusiasm for expanding RecovR into the Canadian market, emphasizing the advanced security solutions and the no-upfront-cost business model.