Welcome to our dedicated page for Lantronix news (Ticker: LTRX), a resource for investors and traders seeking the latest updates and insights on Lantronix stock.
Lantronix Inc. reports developments in Edge AI and Industrial IoT solutions for mission-critical applications, including intelligent computing, secure connectivity and remote management. Company news commonly covers fiscal results, investor conference participation, embedded compute expansion and product launches for autonomous systems, critical infrastructure, enterprise IT and smart-city networks.
Recurring product and market updates include Open-Q system-on-module platforms, the Drone Reference Platform, SmartSwitch.ai, SmartEdge gateways, and Power over Ethernet switches and media converters, including products from Transition Networks. Lantronix also announces collaborations involving NDAA-compliant drone components and edge-AI compute architectures for commercial and defense unmanned systems.
Lantronix Inc. (NASDAQ: LTRX), a global leader in IoT solutions, has announced its fiscal 2024 fourth quarter financial results release on September 5, 2024, after market close. The company will host an investor conference call and webcast at 2:00 p.m. Pacific Time on the same day. Investors can join the call by dialing 1-844-802-2442 (US) or 1-412-317-5135 (international). A webcast will be available on the company's investor relations website. A replay of the call will be accessible from approximately 7:00 p.m. Pacific Time on September 5, and a telephonic replay will be available until September 12, 2024.
Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions, has entered into a cooperation agreement with stockholder 180 Degree Capital Corp. As part of this agreement, Narbeh Derhacobian and Kevin Palatnik will be nominated for election to the Lantronix Board of Directors at the company's 2024 Annual Meeting of Stockholders.
CEO Saleel Awsare emphasized the company's commitment to creating shareholder value and working collaboratively with shareholders. Daniel B. Wolfe, President of 180 Degree Capital, expressed appreciation for the constructive process and anticipation of the nominees' contributions to building value at Lantronix. The agreement includes customary standstill and voting commitments from 180 Degree Capital.
Lantronix Inc. (NASDAQ: LTRX) has been awarded the 2024 IoT Evolution Product of the Year Award for its Percepxion™ Cloud IoT Edge Solutions platform. This prestigious recognition from IoT Evolution World highlights Lantronix's commitment to advancing business efficiency and innovation in the IoT sector.
Launched in February 2024, Percepxion has set new standards for IoT operations management, serving a diverse clientele from Fortune 100 enterprises to startups. The platform offers comprehensive device lifecycle management, zero-touch automated provisioning, and remote management capabilities. It's pre-configured into Lantronix's IoT gateways, routers, trackers, and switches, making it ideal for critical infrastructure management, fleet management, and smart cities applications.
With the Enterprise IoT market reaching $269 billion in 2023 and growing at 15% year-over-year, Lantronix is well-positioned to capitalize on this expanding market with its innovative solutions.
Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions, has announced its participation in the 44th Annual Growth Conference hosted by Canaccord Genuity. The event will take place at the InterContinental Hotel in Boston on August 14, 2024.
Key details of Lantronix's participation include:
- A video webcast presentation scheduled for 9:00 a.m. Eastern Daylight Time
- CEO Saleel Awsare and CFO Jeremy Whitaker will be conducting one-on-one meetings with investors
- A webcast of the presentation will be available for viewing
This conference provides Lantronix with an opportunity to showcase its growth and connect with potential investors in the IoT solutions sector.
Lantronix (NASDAQ: LTRX) has won the 2024 IoT Business Impact Award from IoT Evolution magazine for its outstanding IoT solutions. The recognition highlights Lantronix's E210 Router and its successful global deployment for HY-LINE Group's Smart Shelf project, an easy-to-deploy digital retail shelf signage solution. This solution delivers customer engagement and purchasing behavior analytics, utilizing Lantronix's E210 Series Router with IoT SIM Connectivity Services and Percepxion™ Cloud IoT Edge Solutions platform for secure and centralized management.
According to Berg Insight, the retail industry is projected to grow with a CAGR of 10% over the next three years, reaching 19 million IoT devices by 2027. Lantronix aims to support this growth through its innovative plug-and-play connectivity services. The award affirms Lantronix's strategy of providing end-to-end IoT solutions that ensure security, integration, and ease of use, driving customer success in the IoT-driven market.
Lantronix has launched the EDS5000 series of device servers, designed to support 8, 16, or 32 serial managed devices over Ethernet for remote access and management.
The new servers offer advanced features including IPv6 technology, support for multiple serial protocols (RS232, RS422, RS485), and redundant power inputs (AC and DC). The devices are equipped with Ethernet connections via 10/100/1000 copper RJ45 or 100/1000 SFP, catering to various LAN/WAN options. They also have a wide operating temperature range of -10°C to +60°C and a comprehensive Device Security Framework with SSL/TLS, AES, and SSH.
Lantronix aims to address the growing demand for secure and efficient remote device management solutions.
Lantronix (NASDAQ: LTRX) will demonstrate its Percepxion™ Edge AI Solution prototype's integration with the Qualcomm® AI Hub at Qualcomm's AI Analyst and Media Workshop on June 25, 2024.
This integration aims to deliver a robust platform for optimized model performance, supporting rapid development and deployment of edge AI solutions across industries such as smart city, transportation, and connected healthcare.
Percepxion facilitates reduced decision latency, data costs, and provides robust cloud connectivity. It simplifies the integration and optimization of AI models for IoT applications.
The Qualcomm AI Hub aids developers with a straightforward Getting Started page, clear APIs, and a supportive Slack community.
The solution leverages the Qualcomm® QRB5165 processor, aiming to streamline AI development processes and create high-performance AI-driven applications.
Lantronix (NASDAQ: LTRX), a leading provider of compute and connectivity IoT solutions, announced that its CEO, Saleel Awsare, will participate in the ROTH 10th Annual London Conference on June 26–27, 2024. The event will be held at the Four Seasons London at Park Lane. During the conference, Awsare will engage in one-on-one meetings with investors. Interested parties can request a meeting by emailing oneononerequests@roth.com or contacting their ROTH sales representative. Additional information and registration can be done through the event's official page.
Lantronix (NASDAQ: LTRX) has been awarded the 2024 IoT Evolution Asset Tracking Award for its FOX3 telematic gateways. This accolade, based on a case study with Quantum Aviation Solutions, highlights the innovation in IoT technologies for asset tracking. The FOX3 gateways enable real-time data collection and historic analysis for fleet management, leading to increased efficiency and reduced costs. Market research predicts a 10.5% CAGR in global shipments of aftermarket telematics devices, reaching 77.6 million units and a market value of $3.7 billion by 2027.
Lantronix has announced a new case study on HY-LINE Group's Smart Shelf, a digital retail shelf signage solution. This solution integrates Lantronix’s E210 Series Router (E214) with IoT SIM Connectivity Services and the Percepxion Cloud IoT Edge Solutions platform.
HY-LINE's Smart Shelf engages customers and captures buying behaviors while providing analytics to boost sales. The solution offers secure connectivity via LAN, WLAN, or cellular IoT SIM, scalable cloud management, and live updates for promotions or price changes. The retail industry is projected to see a 10% CAGR in IoT device shipments, reaching 19 million units by 2027.
Lantronix's IoT solutions offer plug & play installation, simple-to-update interactive promotions, and remote management via the Percepxion platform, supporting global deployment and customer engagement in the retail market.