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. (NASDAQ: LTRX) is a global leader in secure IoT and IT asset management solutions, specializing in connectivity platforms for industries ranging from healthcare to industrial automation. This page serves as the definitive source for verified company news, offering investors and professionals timely updates on operational milestones.
Access official press releases spanning product innovations, financial results, and strategic partnerships. Our curated collection ensures you stay informed about developments in IoT System Solutions, Edge AI applications, and cybersecurity advancements without promotional bias.
Key content categories include quarterly earnings announcements, technology patent filings, executive leadership updates, and enterprise customer deployments. Each entry provides direct access to primary source materials for due diligence and market analysis.
Bookmark this page for streamlined tracking of Lantronix's progress in enabling secure machine-to-machine communication across smart infrastructure projects worldwide. Check regularly for updates that impact IoT connectivity standards and industrial automation trends.
Lantronix (NASDAQ: LTRX) announced the debut of its new LM4 AI-powered Out-of-Band Management (OOBM) platform at Cisco Live in Amsterdam. The LM4 is the first console server specifically designed for Intermediate Distribution Frames and compact environments, targeting healthcare, finance, utilities, telecommunications, government, retail, and manufacturing sectors.
The platform provides automated network infrastructure recovery and monitoring through rules-based AI, offering up to four ports of serial console connections and support for 48 virtual ports. According to Dell'Oro Group, the serial console server market was valued at $320 million in 2024 and is projected to reach $391 million by 2026, growing at 7%.
The LM4 runs on LMOS software, compatible with LM83X and LM80 console servers, and is managed by Lantronix Control Center. The solution aims to standardize out-of-band management and implement AI-driven automation across network points, promising improved network resilience, easier management, and enhanced security.
Lantronix (NASDAQ: LTRX), a global provider of IoT solutions enabling AI Edge Intelligence, has scheduled its fiscal 2025 second quarter financial results announcement for February 6, 2025, after market close. The results will cover the period ended December 31, 2024.
The company will host an investor conference call and webcast at 1:30 PM Pacific Time (4:30 PM Eastern Time) on the same day. Investors can participate by dialing 1-844-802-2442 (US) or 1-412-317-5135 (international). A replay will be available through February 13, 2025, accessible via the company's website or by phone using passcode 3433776.
Lantronix (NASDAQ: LTRX) announced the launch of its new 28-port SM24TBT4XPA Managed 2.5G Ethernet PoE++ network switch at the 2025 BICSI Winter Conference & Exhibition. The new switch features 2.5G ports and IEEE 1588v2 precision clock synchronization protocol, designed for wireless devices in security, surveillance, and smart building applications requiring always-on performance.
The switch comes integrated with Lantronix's Percepxion™ Software End-to-End Solutions platform, offering comprehensive device lifecycle management and data analytics through a single interface. The company will also showcase its 24-port SM24TBT4SA and 8-port SM8TBT2SA Managed Gigabit Ethernet PoE++ network switches at the event, along with other solutions including Network Extension Solutions, Secure Data Transmission solutions, and Industrial IoT Solutions.
Lantronix (NASDAQ: LTRX) announced that its president and CEO Saleel Awsare has been appointed to the Forbes Technology Council, an invitation-only community for business and technology leaders. The selection was based on Awsare's industry achievements and thought leadership. Awsare expressed his intention to share insights on AI and IoT transformations affecting enterprise business practices.
Prior to joining Lantronix in 2023, Awsare served as senior vice president at Synaptics Inc., where he managed the Enterprise and Mobile Division and played a key role in the company's successful transition from Mobile to IoT and enterprise markets. His previous experience includes serving as president of Conexant Systems from 2012 to 2017, where he established the company as a leader in audio and voice technologies, leading to its acquisition by Synaptics. From 2008 to 2012, he served as president of Nuvoton Technology America.
Lantronix (NASDAQ: LTRX) has appointed Daniel Quant as head of Industrial IoT Products and Business Line, reporting to Chief Strategy Officer Mathi Gurusamy. Quant will focus on integrating Artificial Intelligence into Industrial IoT devices to meet growing Edge Intelligence demands.
With over 20 years of experience in Industrial IoT and wireless communications, Quant previously served as VP and GM at Multi-Tech Systems, where he led development of IoT technologies including LoRaWAN gateways, Private LTE devices, and 5G NR RedCap solutions. His achievements include launching the first LoRa-based edge-compute Network Gateway and pioneering LTE Cat.M1 devices for AT&T's network.
Quant holds a bachelor's in Electronic System Engineering and completed advanced Machine Learning studies at MIT. He has contributed to industry standards through organizations like the LoRa Alliance, 3GPP, and CTIA.
Lantronix (NASDAQ: LTRX) has appointed Brent Stringham as its permanent Chief Financial Officer (CFO). Stringham, who previously served as the company's interim CFO and Chief Accounting Officer, has been with Lantronix since 2012. Prior to Lantronix, he held financial positions at Iteris Inc., Netlist Inc., and Ernst & Young.
CEO Saleel Awsare highlighted Stringham's deep institutional knowledge and extensive financial expertise gained through his 13-year tenure with the company. The appointment aligns with Lantronix's commitment to delivering shareholder value and advancing its strategic focus on Edge Intelligence in the IoT industry.
Lantronix (NASDAQ: LTRX) CEO Saleel Awsare has been named 'IoT Company CEO of the Year' in the 9th annual IoT Breakthrough Awards program. Awsare, who joined as president and CEO in November 2023, has led the company to revenue growth while focusing on advanced technologies, including IoT Edge Intelligence AI development and machine learning at the edge.
The company specializes in compute and connectivity IoT solutions, building an IoT/AI Edge ecosystem of developer tools, AI framework, and Edge AI platform. Through its partnership with Qualcomm Technologies, Lantronix delivers integrated solutions for various applications including robotics, automotive, and medical equipment.
Lantronix's product portfolio includes Device Management OOB, Network Switches, Telematic Gateways, and Embedded IoT Solutions such as Compute SOM & Dev Kits. Their solutions serve leading Enterprise, Automotive, and Smart Cities organizations globally.
Lantronix (NASDAQ: LTRX) announced a case study featuring GWACS Defense Inc.'s implementation of Lantronix's Open-Q™ 8250CS System on Module (SOM) to develop a commercial-grade gunshot detection system. The system, based on Qualcomm® QCS8250 System-on-Chip, adapts military-grade acoustic technology for public safety applications in schools, hospitals, and entertainment venues.
The collaboration resulted in an Acoustic Event of Interest (AEI) platform that delivers real-time detection through AI and DSP algorithms, featuring 5G connectivity for low-latency communications and secure cloud integration. The solution provides unmatched precision, connectivity, and affordability while maintaining military-grade reliability. Key benefits include accelerated time to market, platform scalability, and cost-effective on-device processing.
Lantronix (NASDAQ: LTRX) has completed the acquisition of NetComm Wireless Pty 's enterprise IoT business assets from DZS Inc. for $6.5 million in cash. The strategic acquisition enhances Lantronix's Enterprise and Smart City market presence, expanding its 5G capabilities and IoT connectivity solutions in critical infrastructure, asset monitoring, and telecommunications.
The acquired portfolio includes Gateway, Routers, and Modems solutions that provide Ethernet-to-Cellular and Wi-Fi connectivity for demanding environments. The acquisition opens opportunities in new geographic markets, particularly Australia and New Zealand, while adding blue-chip Enterprise customers. Lantronix projects the acquired NetComm enterprise portfolio to generate $6-7 million in revenue during calendar year 2024.
Lantronix (NASDAQ: LTRX), a leading IoT compute and connectivity solutions provider, has announced its participation in the 27th Annual Needham Growth Conference. CEO Saleel Awsare and Interim CFO Brent Stringham will deliver in-person presentations on January 14-15, 2025 at the Lotte New York Palace Hotel.
Investors can access live audio webcasts and replays of the presentations through Lantronix's investor relations website section, with replays available for 90 days following the event. Interested investors seeking one-on-one meetings should contact investors@lantronix.com.
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