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 ...

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) busine ...