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Ituran Location & Control Ltd. (ITRN)

21.15 Up 0.08(0.38%) 3:59PM EDT
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Ituran Location & Control Ltd.
3 Hashikma Street
Azour Industrial zone
Azour, 58001
Israel - Map
Phone: 972 3 557 1314

Index Membership:N/A
Full Time Employees:1,300

Business Summary 

Ituran Location and Control Ltd., together with its subsidiaries, provides location-based services and wireless communication products in Israel, Brazil, Argentina, and the United States. The company operates through Location-Based Services and Wireless Communication Products segments. Its location-based services include stolen vehicle recovery and tracking services, which enable customers to locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual customers to track and manage their vehicles in real time; and personal locator services that allow customers to protect valuable merchandise and equipment. The company also offers on-demand navigation guidance, information, and assistance to its customers that comprise the provision of traffic reports, helps with directions and information on the location of gas stations, car repair shops, post offices, hospitals, and other facilities. In addition, it provides wireless communications products comprising Base Site, a radio receiver, which includes a processor and a data computation unit to collect and send data to and from transponders, as well as send that data to control centers; Control Center, a center consisting of software used to collect data from various base sites, conduct location calculations, and transmit location data to various customers and law enforcement agencies. Further, the company offers GPS/GPRS-based products, such as navigation and tracking devices installed in vehicles; and SMART, a portable transmitter installed in vehicles that sends a signal to the base site enabling the location of vehicles, equipment, or an individual. It provides its services to insurance companies and agents, car manufacturers, dealers and importers, cooperative sales channels, and private subscribers. Ituran Location and Control Ltd. was founded in 1994 and is based in Azour, Israel.

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Key Executives 
Mr. Nir Sheratzky , 41
Co-Chief Exec. Officer and Director
Mr. Eyal Sheratzky , 45
Co-Chief Exec. Officer and Director
Mr. Izzy Sheratzky , 67
Co-Founder, Pres and Director
Prof. Yehuda Kahane Ph.D., 69
Co-Founder, Financial Consultant and Director
Mr. Eli Kamer , 47
Chief Financial Officer and Exec. VP of Fin.
Amounts are as of Dec 31, 2006 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.