IRVINE, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader in IoT compute and connectivity IoT solutions, today announced the appointment of its president and CEO Saleel Awsare to the Forbes Technology Council, an invitation-only community for successful business and technology leaders worldwide. Awsare was selected by Forbes based on his achievements and thought leadership within the technology industry as well as his significant track record of success at a leadership level.
“I am honored to join the Forbes Technology Council and excited to be given the opportunity to share my thought leadership on the technology industry, particularly regarding the AI and IoT transformations that are shaping how enterprises do business worldwide,” said Awsare. “As the CEO of Lantronix, I have the opportunity to work with the world’s leading enterprises as they embrace digital transformation and enter a new era of edge intelligence with support from Lantronix’s cutting-edge solutions and engineering expertise.”
Awsare has led transformational change across the IoT, mobile, communications, wireless and related industries in his leadership positions with multiple companies, including Lantronix, Synaptics Inc., Conexant Systems LLC and Nuvoton Technology Corporation, all for which he demonstrated proven success in driving worldwide revenues and growth.
Prior to joining Lantronix in 2023, Awsare served as senior vice president at Synaptics Inc., where he was also general manager of Synaptics’s Enterprise and Mobile Division, its largest division. Awsare was also an integral part of Synaptics’s pivot from Mobile to the IoT and enterprise markets, a move that proved instrumental in driving its multi-fold increase in market valuation.
From 2012 to 2017, prior to his tenure at Synaptics, Awsare served in several senior roles, including president of Conexant Systems LLC, where he successfully positioned Conexant as a market leader in audio and voice technologies. His leadership at Conexant contributed significantly to its successful acquisition by Synaptics in 2017. From 2008 to 2012, Awsare was president of Nuvoton Technology Corporation America, where he was responsible for U.S.-based operations.
About Forbes Councils
Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive. Learn more about the Forbes Councils.
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 (OOBM) 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 news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix leadership. 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, including in the section entitled “Risk Factors” in Item 1A of Part I of that 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. In addition, actual results may differ as a result of additional risks and uncertainties of which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.
©2025 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 Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
Lantronix Analyst and Investor Contact:
investors@lantronix.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/df6f7687-82b4-4ffe-839c-7eca62680939
