Ituran Location and Control Ltd. (ITRN) is a leading global provider of advanced tracking and location services for valuable assets. The company’s advanced technology includes real-time GPS and radio-frequency (RF) technology that enables the location, tracking, and recovery of vehicles, cargo, and people.
Established in 1995 and based in Azor, Israel, Ituran is listed on the NASDAQ Global Select Market and Tel Aviv Stock Exchange. The company operates globally across four continents, with offices in Israel, United States, Brazil, Argentina, and Mexico. It primarily caters to corporate entities, insurance companies, car manufacturers, and car owners, offering a diverse range of products and services, from tracking and recovery solutions for stolen vehicles to advanced fleet management systems.
The company's services include location-based services (including stolen vehicle recovery and tracking services), fleet management, and value-added services such as personal advanced locators and concierge services. Ituran’s technology has earned recognition for its high recovery rates, with over 95% of stolen vehicles tracked and returned to their rightful owners.
A cornerstone of Ituran's success is its in-house research and development department, which continually innovates and evolves its technology. The company employed an RF-based location technology, which works independently from the GPS system and enables the location of a vehicle even when it is parked in an underground car park, a tunnel, or other GPS-denied environments.
The company's fleet management system, another key service, allows clients to keep track of their fleet's movements, providing them with thorough reports on the location, driving behavior, fuel consumption, and maintenance needs of their vehicles.
With over a million subscribers today, Ituran continues to expand and diversify its services, venturing into areas such as connected cars and data analytics. Throughout its history, Ituran has been leading the way in technological innovation, offering new solutions for the evolving needs of its worldwide client base.
In conclusion, Ituran Location and Control Ltd. presents a strong standing in the tracking and location services industry. Its commitment to technological innovation, quality service, and customer-oriented approach has cemented its reputation as a global leader, providing safety and peace of mind to its clients.