Core Insights - Lantronix, Inc. (LTRX) is set to unveil its 28-port SM24TBT4XPA Managed 2.5G Ethernet PoE++ network switch at the 2025 BICSI Winter Conference & Exhibition, alongside other models [1][2] Product Innovations - The new product line addresses the growing demand for reliable network performance and high-speed connectivity in sectors like smart buildings and security [2] - The 28-port Managed Ethernet PoE++ Switch features 2.5G ports and IEEE 1588v2 for precise time synchronization, crucial for applications in wireless networks and financial trading [2] - Integrated with Lantronix's Percepxion platform, the switches provide comprehensive life cycle management and data analytics [2] Additional Offerings - Lantronix will also showcase a variety of network extension solutions, including media conversion solutions and compact PoE-powered converters [3][4] - The IoT Gateways presented will offer secure connectivity options, including the G520 Series and the industrial-grade X300 Series [4] Financial Performance - The Embedded IoT Solutions segment saw an 18% revenue increase compared to the previous quarter and year, while the IoT System Solutions segment faced a 47% sequential decline and a 1% year-over-year decrease [5] - Software & Services revenue rose 8% sequentially but fell 13% year over year, indicating competitive pressures and economic challenges in the IoT sector [5] Market Position - Lantronix holds a Zacks Rank of 3 (Hold), with its stock price declining by 40.6% over the past year, contrasting with a 13% growth in the industry [6]

Core Viewpoint - Lantronix Inc. is set to release its financial results for the fiscal 2025 second quarter on February 6, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results will cover the period ended December 31, 2024 [1] - An investor conference call and audio webcast will be held on February 6, 2025, at 1:30 p.m. Pacific Time [2] - Investors can access a replay of the conference call starting at approximately 8:00 p.m. Pacific Time on the same day [3] Group 2: Company Overview - Lantronix Inc. is recognized as a global leader in compute and connectivity IoT solutions, focusing on high-growth markets such as Smart Cities, Enterprise, and Transportation [4] - The company's offerings include customizable solutions that enable AI Edge Intelligence, with advanced products like Intelligent Substations infrastructure, Infotainment systems, and Video Surveillance [4]

IRVINE, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX) (the "Company"), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced it will launch its new 28-port SM24TBT4XPA Managed 2.5G Ethernet PoE++ network switch as well as feature its 24-port SM24TBT4SA and 8-port SM8TBT2SA Managed Gigabit Ethernet PoE++ network switches at the 2025 BICSI Winter Conference & Exhibition. Taking place Feb. 4–6, 2025, at the Gaylord Palms Resort & C ...

2.5G capability and precision timing features are ideal for wireless, smart building and other “always-on” applicationsIRVINE, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX) (the “Company”), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced it will launch its new 28-port SM24TBT4XPA Managed 2.5G Ethernet PoE++ network switch as well as feature its 24-port SM24TBT4SA and 8-port SM8TBT2SA Managed Gigabit Ethernet PoE++ network ...

Company Leadership - Lantronix Inc's president and CEO, Saleel Awsare, has been appointed to the Forbes Technology Council, an exclusive community for global business and technology leaders [1] - Awsare was selected based on his achievements, thought leadership in the technology industry, and proven track record of success in leadership roles [1] - Awsare has led transformational changes across IoT, mobile, communications, wireless, and related industries during his tenure at multiple companies, including Lantronix, Synaptics Inc, Conexant Systems LLC, and Nuvoton Technology Corporation [2] CEO's Background and Achievements - Prior to joining Lantronix in 2023, Awsare served as senior vice president and general manager of Synaptics Inc's Enterprise and Mobile Division, its largest division [3] - Awsare played a key role in Synaptics' pivot from mobile to IoT and enterprise markets, which significantly increased the company's market valuation [3] - From 2012 to 2017, Awsare served as president of Conexant Systems LLC, where he positioned the company as a market leader in audio and voice technologies, contributing to its successful acquisition by Synaptics in 2017 [4] - From 2008 to 2012, Awsare was president of Nuvoton Technology Corporation America, responsible for US-based operations [4] Company Overview - Lantronix Inc is a global leader in compute and connectivity IoT solutions, targeting high-growth industries such as Smart Cities, Automotive, and Enterprise [6] - The company's products and services enable companies to succeed in IoT markets by delivering customizable solutions addressing each layer of the IoT Stack [6] - Lantronix's leading-edge solutions include Intelligent Substations infrastructure, Infotainment systems, Video Surveillance, and advanced Out-of-Band Management (OOBM) for Cloud and Edge Computing [6] Industry Focus - The company is focused on AI and IoT transformations that are shaping how enterprises conduct business globally [2] - Lantronix works with leading enterprises as they embrace digital transformation and enter a new era of edge intelligence, supported by the company's cutting-edge solutions and engineering expertise [2]

Core Insights - Lantronix Inc. has appointed Daniel Quant as head of the Industrial IoT Products and Business Line, aiming to integrate Artificial Intelligence into Industrial IoT devices to meet the growing demand for Edge Intelligence in industrial environments [1][3] Company Overview - Lantronix Inc. is a global leader in IoT compute and connectivity solutions, targeting high-growth industries such as Smart Cities, Automotive, and Enterprise [5] - The company provides customizable solutions that address various layers of the IoT Stack, including Intelligent Substations, Infotainment systems, and Video Surveillance [5] Leadership Appointment - Daniel Quant brings over 20 years of global leadership experience in Industrial IoT and advanced wireless communication technologies, with a proven track record in market growth and product development [2][3] - Prior to joining Lantronix, Quant served as vice president and general manager at Multi-Tech Systems, where he led a global business unit focused on gateways, routers, and modems [2] Strategic Vision - Quant's role will significantly enhance Lantronix's ability to deliver AI-powered edge intelligence solutions to industrial and enterprise markets [3] - He has a history of launching innovative IoT solutions, including the world's first LoRa-based edge-compute Network Gateway and Module platforms [3] Educational Background - Quant holds a bachelor's degree in engineering with honors in Electronic System Engineering and has completed advanced studies in Machine Learning from MIT, which will support Lantronix's mission to provide secure, intelligent edge solutions [4]

IRVINE, Calif., Jan. 10, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX) (the "Company"), a global leader in IoT compute and connectivity IoT solutions, today announced the appointment of Brent Stringham as its chief financial officer (CFO). Stringham has been an experienced financial leader with Lantronix since 2012 and previously served as the Company's interim CFO and Chief Accounting Officer. "Brent brings deep institutional knowledge and extensive financial expertise to his new role as CFO based ...

Lantronix, Inc. (LTRX) has unveiled a case study featuring GWACS Defense Inc., a military defense contractor based in Tulsa, OK. GWACS Defense utilized Lantronix’s Open-Q 8250CS System on Module (SOM), powered by the Qualcomm QCS8250 System-on-Chip (SoC) and Lantronix’s Engineering Services to develop its military-grade gunshot and noise detection system for commercial purposes. The newly developed Acoustic Event of Interest (AEI) platform provides real-time detection of critical sounds, such as gunshots, i ...

IRVINE, Calif., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader of compute and connectivity IoT solutions, today announced that its CEO Saleel Awsare has received the "IoT Company CEO of the Year" award in the 9th annual IoT Breakthrough Awards program conducted by IoT Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Internet-of-Things (IoT) market today. "Lantronix CEO Saleel Awsare deserves ‘ ...

Prestigious Annual IoT Breakthrough Awards Program Recognizes Standout Internet-of-Things Companies, Products and PeopleIRVINE, Calif., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity IoT solutions, today announced that its CEO Saleel Awsare has received the “IoT Company CEO of the Year” award in the 9th annual IoT Breakthrough Awards program conducted by IoT Breakthrough, a leading market intelligence organization that recognizes the top companie ...