LTRX Lantronix Inc

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 ‘IoT Company CEO of the Year’ due to his many contributions to push the global advancement of IoT solutions. By embodying his company’s tenants and values of Innovation, Customer Focus, Leadership, Communication and Quality, he is helping spark solutions that take IoT from a promise to a reality,” said Steve Johansson, managing director at IoT Breakthrough.

Under the leadership and vision of Awsare, who joined the company as president and CEO in November 2023, Lantronix has recorded revenue growth while focusing the team on advanced technologies, including IoT Edge Intelligence AI development and machine learning at the edge.

“I’m incredibly honored to receive this award from IoT Breakthrough. Lantronix is at the forefront of IoT/Edge AI development, creating solutions that enable organizations to digitally transform, evolve and make decisions that spur their growth,” said Awsare. “Building on our proven experience as a pioneer in compute and connect solutions, we are building a robust IoT/AI Edge ecosystem of developer tools, AI framework and an Edge AI platform.”

Lantronix enables IoT Edge intelligence with its compute and connect solutions, empowering customers to improve operational efficiency and real-time decision-making. By understanding the complexity of IoT Edge compute requirements, Lantronix is providing complete solutions, including hardware, software, device management and device services.

In addition, Lantronix’s long-term partnership with Qualcomm® Technologies has empowered Lantronix to deliver integrated, collaborative solutions that meet the evolving needs of today’s advanced-edge IoT applications. Solutions include robots, automotive, mobile ultrasound equipment, smart hardhats, advanced hearing aids and more.

Lantronix’s IoT Systems and Solutions are comprised of Device Management OOB, Network Switches, Telematic Gateways, IoT Gateways, Media Converters, Serial-to-Ethernet Device Servers and Automotive. In particular, its Out-of-Band IoT product portfolio provides securely managed distributed enterprise networks and devices by providing access, resiliency and tools for daily management tasks as well as when disruptions occur. Its Embedded IoT Solutions include Compute SOM & Dev Kits, Wireless & GNSS Modules, Wired Modules, Network Interface Cards and Small Form-factor Pluggable Transceivers.

“Lantronix’s IoT solutions are the choice of the world’s leading Enterprise, Automotive and Smart Cities organizations. From personal connected devices for the everyday consumer to smart cities to industry and mobile access, this new era in IoT Edge technology needs strong leadership like Saleel Awsare to benefit both businesses and consumers alike,” Johansson added.

The mission of the IoT Breakthrough Awards program is to conduct the industry’s most comprehensive analysis of the global Internet-of-Things industry and then recognize the breakthrough innovators, leaders and visionaries in a broad range of IoT categories, including Industrial and Enterprise IoT, Smart City technology, IoT Security, Connected Home and Home Automation, Connected Car and many more. This year’s program attracted thousands of nominations from companies all over the world.

About Lantronix

Lantronix Inc. is a global leader 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 succeed 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.

About IoT Breakthrough

Part of the Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the IoT Breakthrough Awards program is devoted to honoring excellence in Internet-of-Things technologies, services, companies and products. The IoT Breakthrough Awards program provides a forum for public recognition around the achievements of IoT companies and products in categories including Connected Home and Home Automation, Connected Car, Industrial IoT (IIoT) and Smart City, Consumer IoT and more. For more information, visit IoTBreakthrough.com.

Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix products and awards. 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, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024; 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.

Lantronix Media Contact:Gail Kathryn Miller Corporate Marketing & Communications Manager media@lantronix.com 949-212-0960 

Lantronix Analyst and Investor Contact:investors@lantronix.com