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 ...

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 ...

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 ‘ ...

Case Study: Lantronix’s Open-Q SOM, powered by Qualcomm SoC, utilized to integrate advanced acoustic technology into an innovative public safety solutionIRVINE, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader in IoT compute and connectivity IoT solutions, today announced its new case study featuring GWACS Defense Inc., a Tulsa, Okla.-based military defense contractor. Delivering intelligence at the Edge, GWACS utilized Lantronix’s Open-Q™ 8250CS System on Module (SOM ...

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Core Insights - Lantronix, Inc. has completed the acquisition of NetComm Wireless Pty Ltd for $6.5 million, which includes all enterprise IoT business assets and certain liabilities [2] - The acquisition aligns with Lantronix's strategic focus on the Enterprise and Smart City sectors, enhancing its 5G capabilities and expanding its IoT offerings [7] - Lantronix expects the NetComm portfolio to contribute $6-$7 million in revenues during 2024, solidifying its position in the IoT market [8] Company Developments - Lantronix has launched SmartLV, an AI-powered IoT Edge Compute Cellular Gateway, aimed at low-voltage substations and distribution automation [3] - The company has also introduced five new System-in-Package (SiP) solutions, designed to enhance industrial and enterprise IoT applications [4] - Management emphasized that the acquisition will accelerate Lantronix's leadership in enterprise and industrial IoT solutions, providing customers with an expanded portfolio of gateways, routers, and modems [12] Market Performance - Lantronix currently holds a Zacks Rank of 5 (Strong Sell), with shares declining by 29.6% over the past year, contrasting with the industry's growth of 18% [5] - In comparison, other technology stocks like Intrusion Inc., Extreme Networks, and RADCOM Ltd. have better rankings and performance metrics [6]

Accelerates Lantronix's Enterprise IoT LeadershipExpands Its IoT Wireless Connect Portfolio With Cutting-Edge 5G TechnologyStrengthens Its Competitive Offering, Adds New Blue-Chip Customers IRVINE, Calif., Dec. 26, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader in IoT compute and connectivity IoT solutions, today announced that it has finalized its acquisition of NetComm Wireless Pty Ltd ("NetComm"), a subsidiary of DZS Inc., for all of its enterprise Internet of Things (IoT) busines ...

Accelerates Lantronix’s Enterprise IoT LeadershipExpands Its IoT Wireless Connect Portfolio With Cutting-Edge 5G TechnologyStrengthens Its Competitive Offering, Adds New Blue-Chip Customers IRVINE, Calif., Dec. 26, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader in IoT compute and connectivity IoT solutions, today announced that it has finalized its acquisition of NetComm Wireless Pty Ltd (“NetComm”), a subsidiary of DZS Inc., for all of its enterprise Internet of Things (IoT) busine ...

IRVINE, Calif., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader in IoT compute and connectivity IoT solutions, today announced that Saleel Awsare, CEO and Brent Stringham, Interim CFO, will deliver in-person presentations on Tuesday, Jan. 14, and Wednesday, Jan. 15, 2025, at the 27th Annual Needham Growth Conference at the Lotte New York Palace Hotel in New York City. The live audio webcast and replay of the presentations will be available approximately two hours following th ...