Abba Horwitz: Okay. And is it the same price as a car would be, or is it cheaper than a car?
Eyal Sheratzky: It will be already a cheaper product. The installation, which is part of the cost, it’s also cheaper because the nature of the motorcycles for installation is easier than when you are cutting a car to install a unit. But in terms of the service side, it depends on what type of services. It’s the same as the car. If it’s only SVR, whether it includes application, whether you want, for example, as you know, Ituran is – or you don’t know, I will remind, 3 years ago, we acquired company in Brazil, which is a company that developed car sharing and riding, billing and managing solution. So, after that, we now offer it as a part of our black box. So, in that case, when we talk about renting motorcycles or renting cars, for example, with this technology, we charge more, depends what is the service that a customer needs.
Abba Horwitz: Okay. Well, thank you very much, Eyal. Good luck. Thank you.
Eyal Sheratzky: Thank you very much.
Operator: The next question is from Josh Traut of [indiscernible]. Please go ahead.
Unidentified Analyst: Hi. Thanks for taking my call. So, you talked in the past, I don’t know if you talked about it on this call about reestablishing associated research long-term, reaccelerating the business you are doing with OEMs in Brazil. And I wondered if there was any additional progress worth noting.
Eyal Sheratzky: Actually, OEM and manufacturer is something that the cycle is usually much longer because all the validation that we have to do in every country, by the way, has to approve from HNA [ph] validation, but I just can say that we are working or we believe that we will succeed to exceed, to expand our relationship with the current car manufacturers to other geographies, of course, mainly at the near future in Latin America to other countries. I don’t know yet to say which country, what will be the specific contract and quantities. But I know to tell that we see a traction we see and discuss it. And I believe, or at least I want to believe that we will be able to expand it to other countries based on the OEM segment.
Unidentified Analyst: Okay. And what about the progress you are making with financial institutions in Brazil for the subprime customer? I am trying to get my hands around how material that opportunity is in the years ahead? And I know we are still in the early part of developing that market. But I am just trying to understand how big that end market really can be both in Brazil and elsewhere for trying to monitor the serve our customer for insurance companies and what have you?
Eyal Sheratzky: So, currently or a month ago, we reported about, I think a very luxury contract that we did with one of the largest banks in the world, Santander in Brazil. Santander on an exclusive basis will finance cars, and we talk about very important customer base potential through Santander and this is regard the Brazilian market currently. Of course, as we know, Santander has offices all around Latin America. So, I believe I want to use this contract to leverage out of Brazil. But for the time now, only this contract is very much mutual – very material for us. And of course, when – what we see, when I say attraction, when other banks or other finance companies see or learn about the contract that we did with Santander, we see that they, of course want to find a way to copy it.
Regard the Brazilian market, the contract with a commercial bank is under exclusivity from both sides. So, we will have – or we will regard Brazil in the coming years, we will have to, of course find other kind of finance companies, but not a commercial bank. Just to mention that Santander in Brazil is the largest of this segment. Anyway, this is why we decide to go on a commercial basis. And of course, it’s open – I think it’s opened segments for other banks and other places in the world. Josh, is that.
