Lantronix Stock Price, News & Analysis

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.

On May 30, 2024, Lantronix announced it will showcase its AI-driven out-of-band management solutions at Cisco Live, held in Las Vegas from June 2-6, 2024. These solutions leverage rules-based AI to automatically recover and mitigate network infrastructure during outages, providing secure remote access to gear. Lantronix's innovations aim to automate routine IT tasks, enhancing network security and reliability. Featured products include the AI-Driven Out-of-Band LM83X, LM80, and Control Center, among others. Lantronix is committed to delivering efficient and secure out-of-band solutions with robust technical support.

Lantronix has announced the debut of its Percepxion Cloud Software Platform and new FOX4 and Bolero 43 telematic trackers at the IoT Solutions World Congress in Barcelona from May 21–23, 2024. Additionally, Lantronix will preview its Tracx browser-based fleet management hub. The company's comprehensive and secure IoT solutions are designed to address global edge deployments and diverse connectivity needs. Mathi Gurusamy, Lantronix's chief strategy officer, highlighted the company's role in IoT success. The global aftermarket telematic devices market is forecasted to grow at a CAGR of 10.5% over the next five years, reaching 77.6 million units valued at $3.7 billion by 2027, a trend that Lantronix aims to capitalize on with its innovative offerings.

Lantronix Inc. appoints Mathi Gurusamy as Chief Strategy Officer to drive strategic growth and build market leadership. Gurusamy will lead strategic planning, manage merger and acquisition activities, and drive go-to-market strategies focusing on key IoT technology trends. The company aims to capitalize on Gurusamy's expertise in IoT and high-tech fields to enhance its competitive position and seize growth opportunities. Lantronix will issue Gurusamy inducement awards comprising 95,691 restricted share units (RSUs) and 66,248 performance-based share units (PSUs) to align his interests with the company's performance.