Lantronix to Display New Cloud Software Platform and Telematic Trackers at IoT Solutions World Congress
May 16 2024 - 3:00AM
Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and
connectivity IoT solutions, today announced that its innovative
Percepxion® Cloud Software Platform and new FOX4 and Bolero 43 edge
compute telematic trackers will debut at the upcoming IoT Solutions
World Congress from May 21–23, 2024, at Barcelona’s Gran Via Venue.
Lantronix will also preview its upcoming Tracx centralized,
browser-based hub for comprehensive fleet and asset management.
Lantronix will display its products at booth B98.
Mathi Gurusamy, chief strategy officer at Lantronix, shared,
“We're excited to present our newest solutions, including the
Percepxion Cloud Software Platform and our expanded line of
hardware products, at this year’s IoT Solutions World Congress.
Lantronix is the go-to source for IoT success, providing a suite of
reliable, secure and easy-to-deploy solutions, all supported by its
exceptional service team.”
According to Berg Insight, the global shipments of aftermarket
telematic devices will grow at a CAGR of 10.5 percent in the next
five years, reaching 77.6 million units in 2027 for a total market
value estimated to reach $3.7 billion by 2027. Lantronix’s
innovative hardware and software effectively target this market,
supporting these growth trends.
Introducing Tracx: A Revolutionary Hub for Fleet and
Asset Management
The soon-to-launch Tracx platform is a centralized,
browser-based hub designed to revolutionize fleet and asset
management. This comprehensive tool allows users to effortlessly
track, dispatch, monitor and extract valuable insights from their
assets through a single, streamlined platform.
New From Lantronix
- Percepxion Cloud Software Platform: Integrated
within Lantronix's award-winning IoT gateways, routers and more,
this platform offers robust, secure device lifecycle management.
It's designed for intuitive use across global edge deployments,
making it easier than ever to manage IoT needs efficiently.
- FOX4 Edge Compute Tracker: Combining cellular
and GNSS technology with BLE and Wi-Fi® connectivity, the FOX4
tracker is built for versatility, supporting a wide array of
applications from bustling cityscapes to rugged industrial
environments.
- Bolero 43 Edge Compute Tracker: Tailored for
asset and fleet management as well as Industrial IoT applications,
the Bolero 43 features durable design with an IP68 rating, ensuring
performance in the toughest conditions.
Reliable Hardware, Trusted Performance
In addition to its latest innovations, Lantronix will also
feature well-established and reliable solutions, including:
- M114Cat-1BIS Modem: Now available across EMEA,
this serial-to-cellular modem continues to support industries with
steadfast connectivity.
- G520 Series Gateways: These rugged LTE and 5G
gateways are crafted for critical Industry 4.0, security and
transportation applications.
- X300 Compact IoT Gateways: Combine essential
IoT gateway hardware with premium service subscriptions for central
device management and enhanced security.
Connectivity Simplified
Lantronix’s Connectivity Services provide seamless, global IoT
fleet management using a universal SIM, offering customized carrier
and connectivity solutions to meet diverse environmental needs.
About Lantronix
Lantronix Inc. is a global provider of compute and connectivity
IoT solutions that target high-growth industries, including Smart
Cities, Automotive and Enterprise. Lantronix’s products and
services empower companies to achieve success in the growing IoT
markets by delivering customizable solutions that address each
layer of the IoT Stack. Lantronix’s leading-edge solutions include
Intelligent Substations infrastructure, Infotainment systems and
Video Surveillance, supplemented with advanced Out-of-Band
Management (OOB) for Cloud and Edge Computing.
For more information, visit the Lantronix website.
“Safe Harbor” Statement under the Private Securities Litigation
Reform Act of 1995: This media alert contains forward-looking
statements within the meaning of federal securities laws, including
without limitation statements related to the upcoming Tracx
centralized, browser-based hub for comprehensive fleet and asset
management, Percepxion, hardware product and connectivity services
including statements about their reliability, security and
flexibility. These forward-looking statements are based on our
current expectations and are subject to substantial risks and
uncertainties that could cause our actual results, future business,
financial condition, or performance to differ materially from our
historical results or those expressed or implied in any
forward-looking statement contained in this news release. The
potential risks and uncertainties include, but are not limited to,
such factors as the effects of negative or worsening regional and
worldwide economic conditions or market instability on our
business, including effects on purchasing decisions by our
customers; our ability to mitigate any disruption in our and our
suppliers’ and vendors’ supply chains due to the COVID-19 pandemic
or other outbreaks, wars and recent tensions in Europe, Asia and
the Middle East, or other factors; future responses to and effects
of public health crises; cybersecurity risks; changes in applicable
U.S. and foreign government laws, regulations, and tariffs; our
ability to successfully implement our acquisitions strategy or
integrate acquired companies; difficulties and costs of protecting
patents and other proprietary rights; the level of our
indebtedness, our ability to service our indebtedness and the
restrictions in our debt agreements; and any additional factors
included in our Annual Report on Form 10-K for the fiscal year
ended June 30, 2023, filed with the Securities and Exchange
Commission (the “SEC”) on Sept. 12, 2023, including in the section
entitled “Risk Factors” in Item 1A of Part I of such report; in our
Quarterly Reports on Form 10-Q for the fiscal quarter ended Dec.
31, 2023, filed with the SEC on Feb. 8, 2024, and for the fiscal
quarter ended March 31, 2024, filed with the SEC on May 2, 2024,
including in the section entitled “Risk Factors” in Item 1A of Part
II of such report; as well as in our other public filings with the
SEC. Additional risk factors may be identified from time to time in
our future filings. The forward-looking statements included in this
release speak only as of the date hereof, and we do not undertake
any obligation to update these forward-looking statements to
reflect subsequent events or circumstances.
© 2024 Lantronix, Inc. All rights reserved. Lantronix is a
registered trademark. Other trademarks and trade names are those of
their respective owners.
Lantronix Media
Contact: Gail
Kathryn MillerCorporate Marketing &Communications
Managermedia@lantronix.com949-212-0960
Lantronix Analyst and Investor
Contact:Jeremy WhitakerChief Financial
Officerinvestors@lantronix.com 949-450-7241
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