Lantronix Wraps 2009 With Healthy Financials, Robust Product Offerings, New Executive Management in Place
January 19 2010 - 8:00AM
Marketwired
Lantronix, Inc. (NASDAQ: LTRXD), a leading provider of secure,
remote device networking and data center management technologies,
closed its first fiscal quarter of 2010 with five consecutive
quarters of non-GAAP profitability. (Financial results for the
December ended quarter will be reported the first week of
February.) The company continues to advance its market position and
drive innovation with five new product additions to the company's
flagship product families: DeviceLinx(TM), ManageLinx(TM) and
SecureLinx(TM). Providing a way for customers to remotely access
virtually any device via the Internet, Lantronix also added new
customers in the security, industrial and medical markets.
"Lantronix is pleased to begin 2010 with healthy financials, a
solid product portfolio and pipeline, and a successful reverse
stock split under our belts," said Jerry Chase, chief executive
officer at Lantronix. "With a strong management team in place, new
products coming on-line and an expanding customer list, we intend
to build on this momentum in 2010."
In 2009, Lantronix shipped its 2 millionth XPort® module. The
company enhanced this product with the release of XPort® Pro(TM),
an embedded Ethernet networking module with new support for Linux
family. XPort Pro has received record-breaking interest by
customers looking to leverage its powerful engine for deploying
advanced applications at the network edge, such as intelligent
power inverters used in converting solar energy to electricity. The
DeviceLinx family also welcomed MatchPort® b/g Pro and MatchPort®
AR with Linux. Offering enhanced embedded wireless networking
features, MatchPort b/g Pro leverages Lantronix' SmartRoam(TM)
technology, which enables intelligent switching between wireless
access points to ensure uninterrupted connectivity. The company
also launched SpiderDuo® and ManageLinx 2.0, new solutions in the
SecureLinx and ManageLinx family.
Further enhancing its product suite, Lantronix added ManageLinx'
Virtual IP (VIP) Access(TM) technology as a feature available on
each of its newly released products. Using the company's
patent-pending Virtual Device Network (VDN) technology, ManageLinx
enables users to create secure VIP connections between any two
points via the Internet without compromising integrity, changing
the network configuration or the application software.
"Lantronix' VIP technology ensures secure remote access to
network-connected devices, even behind a firewall," said Daryl
Miller, vice president of engineering at Lantronix. "Our expanding
product suite makes it easier than ever for companies in the
security, industrial and healthcare markets to adopt secure remote
access to network-connected devices, even behind a firewall."
Attracting interest in the security and industrial markets,
Lantronix announced relationships with Secura Key, Spectrum CNC,
Information Controls and Mitsubishi Electric in 2009. The company
also experienced increased demand from the healthcare industry,
partnering with LeHigh Valley Health Network. More hospitals look
to transition to electronic health records and gain greater access
to real-time patient information. LeHigh Valley's partnership with
Lantronix will enable the health group to securely network-connect
medical equipment.
To support its expanding customer base in its key markets,
Lantronix added to its executive team by appointing Jeff Kost as
SVP of worldwide sales, and Paul Pishal as VP of marketing. These
appointments will intensify the company's focus on business
development to drive customer growth.
"Building on our success in 2009, Lantronix plans to further
growth in its key markets with additional products and an
experienced team focused on continuing the company's innovation.
2010 will be an exciting year for us as we continue to expand our
key verticals and add to our worldwide customer base," said
Chase.
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About Lantronix
Lantronix, Inc. (NASDAQ: LTRXD) is a global leader of secure
communication technologies that simplify remote access, management
and control of any electronic device. Its solutions empower
businesses to make better decisions based on real-time information,
and gain a competitive advantage by generating new revenue streams,
improving productivity and increasing efficiency and profitability.
Easy to integrate and deploy, Lantronix products remotely connect
and control electronic equipment via the Internet; provide secure
remote access to firewall-protected equipment; and enable remote
management of IT equipment over the Internet. Founded in 1989,
Lantronix serves some of the largest security, industrial and
building automation, medical, transportation, retail/POS,
financial, government, consumer electronics/appliances, IT/data
center and pro-AV/signage entities in the world. The company's
headquarters are located in Irvine, Calif. For more information,
visit www.lantronix.com.
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