UPDATE 1-LoJack says gets favorable FCC ruling, shares rise

(Recasts; adds details, share movement)

Sept 3 (Reuters) - LoJack Corp (LOJN.O) said the Federal Communications Commission (FCC) has granted its 2005 petition allowing the provider of wireless systems to track stolen vehicles to use the nationwide frequency for other uses beyond stolen vehicle recovery, sending its shares up 10 percent.

The ruling allows the company to use the nationwide frequency, which was previously limited to stolen vehicle recovery, for other tracking and recovery applications, including missing people at risk, individuals of interest to law enforcement, lost or stolen cargo and hazardous materials, LoJack said.

The company also said the FCC has permitted the transition of LoJack's network from wideband to narrowband, which would be completed by 2019.

The company has been looking to expand its business beyond the stolen vehicle recovery. In April, it acquired Locator Systems, which manufactures products to help police locate and rescue missing persons with Alzheimer's, autism and other similar disabilities.

Last month, the company also raised its ownership stake to 60 percent in Supply Chain Integrity, a company that develops a protection solution that reduces and manages risk throughout the supply chain.

Westwood, Massachusetts-based LoJack's shares rose to a high of $7.92 before paring some gains to trade up 5 percent at $7.58 Wednesday morning on Nasdaq. (Reporting by Aftab Ahmed in Bangalore; Editing by Deepak Kannan)