Yates Device -- Developed By Local Doctor's Company -- Employs Lights, Sirens, Cameras To Deter Carjackers

CHICAGO (CBS) -- A local doctor and his company have developed a new solution to help curb Chicago's carjacking crisis.

It involves loud sirens, flashing strobe lights, and security cameras – all activated with a push of a button. It is a new system called the Yates Device.

Victims just hit the switch before giving up their car to a criminal.

Sixty seconds later, the lights, sirens, and cameras go off.

"I know it's real, because I'm a former carjacker. I know I've jacked six cars minimum," said Tyrone Muhammad of Yates Enterprises. "If there was a device like Yates, I wouldn't even attempt, because you don't know which car has the device – it makes no sense."

The Yates Device also includes a panic button inside the trunk in case a victim is abducted.