(ITRN) Ituran Location Control - Ratings and Ratios

Ituran Location and Control Ltd (NASDAQ:ITRN) is a leading provider of location-based telematics services and machine-to-machine (M2M) products. Established in 1994 and headquartered in Azor, Israel, the company operates through two primary segments: Telematics Services and Telematics Products. The Telematics Services segment offers a comprehensive suite of solutions, including stolen vehicle recovery and tracking, which leverages advanced technology to locate, track, and recover stolen vehicles for its subscribers. Fleet management services enable corporate and individual customers to monitor and manage their vehicles in real time, enhancing operational efficiency and reducing costs. Additionally, the segment provides locator services to protect valuable merchandise and equipment, ensuring asset security. It also offers on-demand navigation guidance, traffic reports, and information on essential facilities like gas stations, car repair shops, and hospitals. The Connected Car platform stands out, integrating a back-office application, a telematics device, mobile apps for iOS and Android, and an infotainment screen interface. This platform supports usage-based insurance and auto financing services, catering to insurance companies, car manufacturers, dealers, and private subscribers.

The Telematics Products segment focuses on developing hardware solutions that complement the services offered. The Base Site is a radio receiver equipped with a processor and data computation unit, enabling data collection and transmission between transponders and control centers. The Control Center is a software-based hub that processes data from multiple Base Sites, calculates locations, and disseminates this information to customers and law enforcement. The segment also offers navigation and tracking devices installed in vehicles, as well as SMART, a portable transmitter that sends signals to Base Sites for precise vehicle, equipment, or individual tracking. These products form the backbone of Iturans telematics ecosystem, ensuring reliable and efficient tracking solutions.