Transtech Control Ltd. was founded in 1986 to develop and market comprehensive control and monitoring systems for airfield Visual Navigation Aids (VNA). Transtech's systems comprise a wide range of solutions, applications, and products for critical airfield operational elements. Transtech's control and monitoring system is a market-leading system used in more than 100 airports worldwide. Among these installations are New York's John F. Kennedy International Airport (JFK), San Francisco International Airport (SFO), Beijing Capital Airport, the new Denver International Airport, Los Angeles International Airport (LAX), Sao Paulo Brazil, and others in the U.S., Europe, Asia, and the Middle East. During 2003 Transtech won major bids around the world including the new Guangzhou Airport in China, the new Bangkok International Airport in Thailand and Taipei International Airport in Taiwan. The Intelligent Airport developed by Transtech, is an innovative Advance Surface Movement Guidance Control System (A-SMGCS). The system overcomes the limitations and problems inherent in traditional surveillance systems, based on Surface Movement Radars. The system utilizes unique technologies including Millimetre Wave Sensors (MWS), non-cooperative Optical Identification Sensors (OIS) and advanced data fusion and processing. The company is managed by its founders: Simcha Ohrenstein who servers as CEO and Shlomo Gazit who serves as VP R&D. Transtech is an affiliated company of Formula Systems (NASDAQ: FORTY) and a member of the Formula Group. The Formula Group is Israel's largest software group, operating both in Israel and internationally. Transtech's headquarters and R&D facilities are located in Herzlia, Israel. The company's fully owned subsidiary: Transtech Airport Solutions Inc., is located in Windsor, Connecticut, and oversees customer technical support, sales, and marketing.