(ITRN) Ituran Location Control - Ratings and Ratios

Ituran Location and Control Ltd. is a company that specializes in providing location-based telematics services and machine-to-machine telematics products, operating through two distinct segments: Telematics Services and Telematics Products. The Telematics Services segment is designed to offer a range of services, including stolen vehicle recovery and tracking, which enables subscribers to locate, track, and recover stolen vehicles. Additionally, this segment provides fleet management services, allowing corporate and individual customers to track and manage their vehicles in real-time, as well as locator services to protect valuable merchandise and equipment.

The Telematics Services segment also delivers on-demand navigation guidance, information, and assistance, including traffic reports, directions, and information on the location of various facilities such as gas stations, car repair shops, and hospitals. Furthermore, this segment offers a service platform called Connected Car, which includes a back-office application, a telematics device installed in the vehicle, mobile apps for both IOS and Android users, and an interface using the car infotainment screen. This platform also provides usage-based insurance and auto financing services, catering to a diverse range of customers, including insurance companies, car manufacturers, dealers, and private subscribers.

The Telematics Products segment, on the other hand, focuses on developing and offering a range of products, including Base Site, a radio receiver that collects and sends data to and from transponders and control centers. This segment also offers Control Center, a software-based center that collects data from various base sites, conducts location calculations, and transmits location data to customers and law enforcement agencies. Other products in this segment include navigation and tracking devices installed in vehicles, as well as SMART, a portable transmitter that sends a signal to the base site, enabling the location of vehicles, equipment, or individuals.

Ituran Location and Control Ltd. has a long history, dating back to its incorporation in 1994, and is headquartered in Azor, Israel. The company's web presence can be found at https://www.ituran.com, and its common stock is listed with the ISIN code IL0010818685, classified under the GICS Sub Industry of Communications Equipment. With its comprehensive range of telematics services and products, Ituran Location and Control Ltd. is well-positioned to serve a wide range of customers, from individual subscribers to large corporations and law enforcement agencies.