Lantronix CEO Saleel Awsare Named “IoT Company CEO of the Year” in 2025 IoT Breakthrough Awards Program
Lantronix (NASDAQ: LTRX) CEO Saleel Awsare has been named 'IoT Company CEO of the Year' in the 9th annual IoT Breakthrough Awards program. Awsare, who joined as president and CEO in November 2023, has led the company to revenue growth while focusing on advanced technologies, including IoT Edge Intelligence AI development and machine learning at the edge.
The company specializes in compute and connectivity IoT solutions, building an IoT/AI Edge ecosystem of developer tools, AI framework, and Edge AI platform. Through its partnership with Qualcomm Technologies, Lantronix delivers integrated solutions for various applications including robotics, automotive, and medical equipment.
Lantronix's product portfolio includes Device Management OOB, Network Switches, Telematic Gateways, and Embedded IoT Solutions such as Compute SOM & Dev Kits. Their solutions serve leading Enterprise, Automotive, and Smart Cities organizations globally.
Lantronix (NASDAQ: LTRX) ha nominato il suo CEO, Saleel Awsare, 'CEO dell'Anno per Aziende IoT' nel nono programma annuale di premi IoT Breakthrough. Awsare, che ha assunto il ruolo di presidente e CEO a novembre 2023, ha guidato l'azienda verso una crescita dei ricavi concentrandosi su tecnologie avanzate, inclusi lo sviluppo di IoT Edge Intelligence AI e l'apprendimento automatico al livello dell'edge.
L'azienda è specializzata in soluzioni IoT di calcolo e connettività, creando un ecosistema IoT/AI Edge di strumenti per sviluppatori, framework AI e piattaforme Edge AI. Grazie alla sua partnership con Qualcomm Technologies, Lantronix offre soluzioni integrate per varie applicazioni, tra cui robotica, automotive e attrezzature medicali.
Il portfolio di prodotti di Lantronix include Device Management OOB, switch di rete, gateway telematici e soluzioni IoT incorporate come Compute SOM e Dev Kits. Le loro soluzioni servono importanti organizzazioni a livello mondiale nei settori Enterprise, Automotive e Smart Cities.
Lantronix (NASDAQ: LTRX) ha nombrado a su CEO, Saleel Awsare, 'CEO de la Compañía IoT del Año' en la novena edición anual de los Premios IoT Breakthrough. Awsare, quien asumió el cargo de presidente y CEO en noviembre de 2023, ha llevado a la empresa a un crecimiento de ingresos mientras se concentra en tecnologías avanzadas, incluyendo el desarrollo de IoT Edge Intelligence AI y el aprendizaje automático en el edge.
La empresa se especializa en soluciones IoT de computación y conectividad, construyendo un ecosistema IoT/AI Edge de herramientas para desarrolladores, marcos de AI y plataformas de Edge AI. A través de su asociación con Qualcomm Technologies, Lantronix ofrece soluciones integradas para diversas aplicaciones, incluida la robótica, el automotriz y equipos médicos.
El portafolio de productos de Lantronix incluye Device Management OOB, switches de red, gateways telemáticos y soluciones IoT embebidas como Compute SOM y Dev Kits. Sus soluciones benefician a importantes organizaciones globales en Enterprise, Automotive y Smart Cities.
란트로닉스(Lantronix) (NASDAQ: LTRX) CEO 살릴 아우사레(Saleel Awsare)가 제9회 연례 IoT 브레이크스루(IoT Breakthrough) 어워드에서 'IoT 기업 CEO of the Year'로 선정되었습니다. 2023년 11월에 사장 겸 CEO로 취임한 아우사레는 IoT 엣지 인텔리전스 AI 개발과 엣지 머신러닝에 집중하면서 회사의 매출 성장을 이끌어 왔습니다.
이 회사는 컴퓨팅 및 연결 IoT 솔루션을 전문으로 하며, 개발자 도구, AI 프레임워크 및 엣지 AI 플랫폼으로 구성된 IoT/AI 엣지 생태계를 구축하고 있습니다. 퀄컴 테크놀로지스와의 파트너십을 통해 란트로닉스는 로봇 공학, 자동차 및 의료 장비를 포함한 다양한 애플리케이션을 위한 통합 솔루션을 제공합니다.
란트로닉스의 제품 포트폴리오에는 장치 관리 OOB, 네트워크 스위치, 텔레매틱 게이트웨이 및 Compute SOM 및 Dev Kits와 같은 내장형 IoT 솔루션이 포함됩니다. 이들의 솔루션은 전 세계의 주요 기업, 자동차 및 스마트 시티 조직에 서비스되고 있습니다.
Lantronix (NASDAQ: LTRX) a nommé son PDG, Saleel Awsare, 'PDG de l'année pour les entreprises IoT' lors de la neuvième édition des IoT Breakthrough Awards. Awsare, qui a rejoint l'entreprise en tant que président et PDG en novembre 2023, a conduit l'entreprise à une croissance des revenus tout en se concentrant sur les technologies avancées, y compris le développement de l'Intelligence Artificielle IoT Edge et l'apprentissage automatique au niveau de l'edge.
L'entreprise est spécialisée dans les solutions IoT de calcul et de connectivité, construisant un écosystème IoT/AI Edge d'outils pour développeurs, de cadres d'IA et de plateformes Edge AI. Grâce à son partenariat avec Qualcomm Technologies, Lantronix propose des solutions intégrées pour diverses applications, notamment la robotique, l'automobile et les équipements médicaux.
Le portefeuille de produits de Lantronix comprend des solutions de gestion des dispositifs OOB, des commutateurs réseau, des passerelles télématiques et des solutions IoT intégrées telles que Compute SOM et Dev Kits. Leurs solutions servent des organisations de premier plan dans les secteurs Enterprise, Automotive et Smart Cities à l'échelle mondiale.
Lantronix (NASDAQ: LTRX) CEO Saleel Awsare wurde im Rahmen der neunten jährlichen IoT Breakthrough Awards als 'CEO des Jahres für IoT-Unternehmen' ausgezeichnet. Awsare, der im November 2023 als Präsident und CEO zu Lantronix kam, hat das Unternehmen zu Umsatzsteigerungen geführt, während er sich auf fortschrittliche Technologien konzentrierte, darunter die Entwicklung von IoT Edge Intelligence AI und das maschinelle Lernen am Edge.
Das Unternehmen ist auf IoT-Lösungen im Bereich Computing und Konnektivität spezialisiert und baut ein IoT/AI Edge-Ökosystem aus Entwicklerwerkzeugen, AI-Frameworks und Edge AI-Plattformen auf. Durch die Partnerschaft mit Qualcomm Technologies bietet Lantronix integrierte Lösungen für verschiedene Anwendungen, einschließlich Robotik, Automobilindustrie und medizinische Geräte.
Das Produktportfolio von Lantronix umfasst Device Management OOB, Netzwerk-Switches, Telematik-Gateways und eingebettete IoT-Lösungen wie Compute SOM und Dev Kits. Ihre Lösungen bedienen führende Unternehmen in den Bereichen Enterprise, Automotive und Smart Cities weltweit.
- Revenue growth under new CEO leadership since November 2023
- Strategic partnership with Qualcomm Technologies enhancing product development
- Recognition in prestigious IoT Breakthrough Awards program
- None.
Insights
This award recognition, while prestigious, does not materially impact Lantronix's financial performance or market position. The article mentions revenue growth under Awsare's leadership since November 2023 but provides no specific financial figures or metrics to quantify this growth. While the company's focus on IoT Edge Intelligence AI development and partnerships with Qualcomm are strategically important, this award itself does not represent a significant business development or catalyst for stock movement.
The recognition in the IoT Breakthrough Awards primarily serves as a marketing and branding tool rather than a material business event. Though it validates Lantronix's position in the IoT market and Awsare's leadership capabilities, awards without direct monetary or business impact typically do not influence investor decisions or stock performance.
Prestigious Annual IoT Breakthrough Awards Program Recognizes Standout Internet-of-Things Companies, Products and People
IRVINE, Calif., Jan. 08, 2025 (GLOBE NEWSWIRE) -- 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
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