Preface Ituran USA is a leader in the Automatic Vehicle Location (AVL) industry and has extensive experience in building superior product platforms and delivering unmatched value to our customers. Our unique and advanced solutions will create new growth momentum to companies by offering our industry leading products and services to meet their current and future needs. ITURAN is the world leader in the AVL industry with over 24 years experience in the areas of “Anti Theft”, ”Fleet Management”, ”Asset Protection” and “Added Value Services” (such as: Safety, Control and Security services). About the ITURAN Group - Ituran Location and Control is a leading provider of telecommunication services provider for automobile applications, with activities in the Israel, Far East, Brazil, Argentina, and the United States. The company was spun out of the Israeli military manufacturer - Tadiran Ltd, where its unique cutting-edge location technology was initially developed. Since then, Ituran has achieved impressive sales growth realizing approximately $550 million in 2015. The same RF technology that was used to rescue downed aircraft pilots from the enemy is now being used successfully to track and locate stolen cars and to manage cargo and fleets. Additionally, the GPS technology we added to our portfolio has further strengthened and differentiated our offerings. ITURAN Location & Control LTD is a publicly traded company on the NASDAQ (symbol ITRN) stock exchange. This brand represents many years of successful growth and profitability. This has been achieved in large part by our consistent global expansion. Today, Ituran serves over a million subscribers around the globe, making it the largest provider of vehicle location services in the world as measured by units in service.