Question-and-Answer Session
Unidentified Participant
In short Europe, South America and (inaudible).
Timothy O'Connor
So the question was, we have showed Europe, Asia, and -- sorry Europe, Latin America and South Africa, but we do not show Asia, so was there a potential business there.
Yes, we do believe there is still a potential business there. We are on the ground and its gaining a foothold variable through a Radio Frequency and establishment business there. So we continue we would invest in China and other Asia markets. So we think it’s a big business. Yes.
Unidentified Participant
(inaudible).
Timothy O'Connor
So we haven’t seen, I am sorry, so the question was related to our penetrations I guess in the U.S. market as it relates to the cars that are not being stolen at the fast rate within the U.S. Our penetration rate is right around 6%. It varies across the country. Our highest penetration rates tend to be on the West Coast and tend to be in the Toyota’s, Honda’s of the world, but we haven’t seen -- it’s been plus or minus 6% for quite sometime actually.
Unidentified Participant
(inaudible).
Timothy O'Connor
Multiple, probably three to four years.
Unidentified Participant
Yes. Okay.
Timothy O'Connor
So we haven’t seen a significant up tick one way or another or down tick one way or another.
Unidentified Participant
On the SafetyNet initiatives, (inaudible).
Timothy O'Connor
So the question was related to our SafetyNet, what we are doing in terms of business. We literally just launched the business in February of this year, March this year. So its generating revenue, but it is a slow build.
Unidentified Participant
Yes. I mean how could that compete against cellular space location services. I don’t know no else is out here but it seems to me that (inaudible).
Timothy O'Connor
It’s not all that different when you compare it to auto recovery. The success rate on auto recovery versus some of the RF versus some of the other technology is far superior, its 90% plus. Again, it’s not just the technology, but it is the relationship, the law enforcement.
Our law enforcement, relationships really get leverage out of the RF technology in what we supply to law enforcement in terms of tracking devices. So we provide law enforcement both on the SafetyNet side and the vehicle tracking side with the equivalent to track the person or the vehicle and that’s where really we get some leverage. Yes sir.
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