IRVINE, Calif., Dec. 10, 2024 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader in IoT compute and connectivity IoT solutions, today announced that it will host a suite at the Wynn Tower Suites during CES, Jan. 7–10, 2025, to share its 2025 product roadmap of Edge AI solutions.
Lantronix is at the forefront of IoT/Edge AI development and is uniquely positioned to leverage its existing expertise and assets to deliver advanced technology solutions that deliver on the promise of Edge AI.
In its hosted suite at CES, Lantronix will demo its cutting-edge products, including its Qualcomm® Technologies-partnered embedded solutions, as well as provide a preview of its plans for new enterprise Internet of Things (IoT) business solutions resulting from its pending acquisition of NetComm Wireless Pty Ltd (“NetComm”), a subsidiary of DZS Inc.
“Our presence at this year’s CES provides us with the opportunity to share with customers and channel partners our integrated, collaborative Edge AI solutions that drive real-time decision making for businesses involved in the Smart City, Enterprise and Transportation industries,” said Saleel Awsare, CEO of Lantronix.
Demos and product roadmap products to be previewed include powerful new solutions powered by Qualcomm Technologies’ chipsets that reinforce Lantronix’s position in industrial and enterprise IoT innovation, bringing advanced Artificial Intelligence (AI) and Machine Learning (ML) capabilities to the edge.
Lantronix’s new SmartLV, powered by the Qualcomm® IQ-615 processor, is the first AI-enabled IoT Edge Compute Cellular Gateway. This groundbreaking innovation is designed specifically for low-voltage substations and distribution automation applications in next-generation smart grids, utilities and industrial sectors.
Supported by its strategic acquisition of NetComm, which is expected to close during the second quarter of fiscal 2025, Lantronix’s focus on the Enterprise and Smart City vertical markets has the potential to expand its next-generation 5G capabilities. By integrating this new IoT portfolio, Lantronix enhances its connectivity solutions in mission-critical areas, such as critical infrastructure, asset monitoring and telecommunications.
“Lantronix’s proven foundation in compute and connect solutions positions it to become a leader in Edge AI by following a strategic path that includes building a robust software ecosystem of developer tools, AI framework and an Edge AI platform,” Awsare added.
To schedule a one-on-one appointment with Lantronix CEO Saleel Awsare and his management team, click here.
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.
This news release contains forward-looking statements, including statements about Lantronix’s attendance at CES as well as its Edge AI solutions, SmartLV and AI Toolkit. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. We have based our forward-looking statements on our current expectations and projections about trends affecting our business and industry and other future events. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. Forward-looking statements are subject to substantial risks and uncertainties that could cause our results or experiences, or future business, financial condition, results of operations or performance, to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. Other factors which could have a material adverse effect on our operations and future prospects or which could cause actual results to differ materially from our expectations include, but are not limited to: the ability to complete the proposed acquisition on anticipated terms and timetable; our ability to integrate the acquired assets successfully after the closing and achieve anticipated benefits from them; the possibility that various closing conditions for the acquisition may not be satisfied or waived; risks relating to any unforeseen liabilities assumed with the acquired assets; 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 conflicts in Europe, Asia and the Middle East, hostilities in the Red Sea, or other causes; our ability to successfully convert our backlog and current demand; our ability to successfully implement our acquisitions strategy or integrate acquired companies; uncertainty as to the future profitability of acquired businesses, and delays in the realization of, or the failure to realize, any accretion from acquisition transactions; acquiring, managing and integrating new operations, businesses or assets, and the associated diversion of management attention or other related costs or difficulties; our ability to continue to generate revenue from products sold into mature markets; our ability to develop, market, and sell new products; our ability to succeed with our new software offerings; fluctuations in our revenue due to the project-based timing of orders from certain customers; unpredictable timing of our revenues due to the lengthy sales cycle for our products and services and potential delays in customer completion of projects; our ability to accurately forecast future demand for our products; delays in qualifying revisions of existing products; constraints or delays in the supply of, or quality control issues with, certain materials or components; difficulties associated with the delivery, quality or cost of our products from our contract manufacturers or suppliers; risks related to the outsourcing of manufacturing and international operations; difficulties associated with our distributors or resellers; intense competition in our industry and resultant downward price pressure; rises in inventory levels and inventory obsolescence; undetected software or hardware errors or defects in our products; cybersecurity risks; our ability to obtain appropriate industry certifications or approvals from governmental regulatory bodies; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to protect patents and other proprietary rights and avoid infringement of others’ proprietary technology rights; issues relating to the stability of our financial and banking institutions and relationships; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; the impact of rising interest rates; our ability to attract and retain qualified management; 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; and in our other public filings with the SEC. 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.© 2024 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.
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