Lantronix Inc. Wins 2024 IoT Evolution Business Impact Award From IoT Evolution Magazine
July 10 2024 - 7:00AM
Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and
connectivity IoT solutions, today announced that it has won a 2024
IoT Business Impact Award from IoT Evolution magazine, the leading
publication covering IoT technologies. This award honors
organizations for case studies that demonstrate successful
deployment of their IoT solutions.
Lantronix was recognized for its IoT case study highlighting its
successful IoT solutions global deployment for HY-LINE Group’s
Smart Shelf. This easy-to-deploy digital retail shelf signage
solution delivers customer engagement and buying behavior
analytics. Utilizing Lantronix’s E210 Series Router (E214) with IoT
SIM Connectivity Services and Percepxion™ Cloud IoT Edge Solutions
platform, this global deployment is securely and centrally
managed.
According to Berg Insight, the retail industry is one of the top
vertical markets for IoT devices. Global shipments of IoT devices
in the retail sector are projected to grow at a CAGR of 10 percent
over the next three years, reaching 19 million units in 2027.
Lantronix's innovative gateways and software are designed to target
this market, supporting these growth trends through plug-and-play
connectivity services and the Percepxion IoT Edge Solutions
Platform.
“We are honored to be recognized for our contributions to the
IoT industry by providing end-to-end IoT solutions that give our
customers the security, proven integration and ease of use to drive
success,” said Mathi Gurusamy, chief strategy officer for
Lantronix. “This award validates our strategy of delivering
solutions that empower our customers to propel success in today’s
IoT-driven world.”
Lantronix HY-LINE Case Study Success
Highlights:
- Delivers secure connectivity with network connection via LAN,
WLAN or store-independent with cellular IoT SIM connectivity as an
integrated data package
- Provides secure remote management via the Percepxion IoT Edge
Solutions Platform.
- Enables “National Seamless Roaming,” which automatically
selects the best connection across all available cellular
networks
- Enables scalable cloud management across the store chain,
regionally, nationally or globally
- Captures data with sensors, delivering analytical insights on
customer purchasing behaviors
- Facilitates the plug & play installation across multiple
retail stores globally without wiring or cabling
- Enables live updates for sales, promotions or price
changes
Winning Solution: Lantronix Routers, Connectivity
Services and Percepxion Platform
Utilizing Lantronix products and services enabled HY-LINE to
build connectivity into the Smart Shelf Solution, since the Smart
Shelf comes pre-configured with the interactive display and router,
it automatically connects to Cloud IoT management, where Percepxion
provides chain-wide remote management of the connectivity.
Please visit the full case study here. To learn more about all
of Lantronix IoT Solutions, visit the Lantronix website.
About Crossfire MediaCrossfire Media,
co-publishers of IoT Evolution, is an integrated marketing company
with a core focus on future trends in technology. We service
communities of interest with conferences, tradeshows, webinars and
newsletters. Crossfire Media has a partnership with Technology
Marketing Corporation (TMC) to produce events and websites related
to disruptive technologies. Crossfire Media is a division of
Crossfire Consulting, a full-service Information Technology company
based in New York.
About LantronixLantronix 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.
“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 winning the 2024 IoT
Business Impact Award, deployment for HY-LINE Group’s Smart Shelf,
E210 Series Routers, and all other products, IoT SIM Connectivity
Services and Percepxion, including statements about their
reliability, security and flexibility. 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, 2023, filed with the Securities and Exchange
Commission (the “SEC”) on Sept. 12, 2023, including in the section
entitled “Risk Factors” in Item 1A of Part I of such report; in our
Quarterly Report on Form 10-Q for the fiscal quarter ended March
31, 2024, filed with the SEC on May 2, 2024, including in the
section entitled “Risk Factors” in Item 1A of Part II of such
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. 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.
© 2024 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 MillerCorporate Marketing &Communications
Managermedia@lantronix.com949-212-0960
Lantronix Analyst and Investor
Contact:Jeremy WhitakerChief Financial
Officerinvestors@lantronix.com 949-450-7241
Lantronix (NASDAQ:LTRX)
Historical Stock Chart
From Sep 2024 to Oct 2024
Lantronix (NASDAQ:LTRX)
Historical Stock Chart
From Oct 2023 to Oct 2024