Lantronix Launches Application-Specific Industrial IoT Solutions Based on Its New G520 Series Cellular Gateways
Lantronix Inc. (NASDAQ: LTRX) has launched new application-specific industrial IoT solutions targeting Industry 4.0, Security, and Transport markets. These include the G520 Industrial router and G520 Security router, designed to enhance operational efficiency and reduce cybersecurity threats. The products integrate with ConsoleFlow for streamlined remote asset management. According to Berg Insight, cellular IoT device shipments are predicted to grow at a CAGR of 15.8% to 629.6 million units by 2025. A G520 Transport solution is set to launch later in 2022.
- Launch of G520 Industrial and G520 Security routers enhances product offering.
- New products integrate with ConsoleFlow, improving operational efficiency.
- Growth in cellular IoT device shipments indicates strong market potential.
- No immediate financial metrics provided to assess impact on revenue.
- Dependence on future product launches for continued growth.
Solutions target three verticals: Industry 4.0, Security and Transport
IRVINE, Calif., Feb. 01, 2022 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for intelligent IT and Internet of Things (IoT), today announced its launch of application-specific industrial IoT solutions that address concerns in Industry 4.0, Security and Transport markets with its G520 Series Smart cellular IoT devices and services. Now available are the G520 Industrial, a competitive cellular industrial protocol converter router; and G520 Security, a high-speed LTE CAT13 and 5G communication router to reduce cybersecurity threats. G520 Transport will be launched later in 2022.
The G520 industrial and security gateways offer a complete solution and comes pre-configured with Lantronix’s award-winning ConsoleFlow™ cloud-based device management, which increases operational efficiency by providing a single pane from which to manage remote assets. It also comes pre-configured for Lantronix Connectivity Services, which provide North American and global cellular data plans and VPN security with an easy-to-use cloud platform to manage SIMs and services.
“In response to the rapidly growing Industrial IoT market, Lantronix delivers competitive solutions that address and solve the market’s challenges,” said Paul Pickle, CEO of Lantronix. “Our offerings of software, hardware and connectivity services provide our customers with the proven integration and ease-of-use needed for success in today’s IoT-driven world.”
According to Berg Insight, global cellular IoT device shipments increased by 14 percent in 2020 to reach 302.7 million units and are forecasted to grow at a compound annual growth rate (CAGR) of 15.8 percent to reach 629.6 million units by 2025.
Now available are:
- G520 Industrial, which is an industrial-grade competitive Protocol conversion router with LTE communication, multiple interfaces and Fieldbus protocol conversions (e.g., Modbus, DNP3 and IEC) that are provisioned in minutes using the ConsoleFlow platform.
- G520 Security, which supports high-speed LTE cat13 and 5G, reducing the possibility of cyberattacks with its dedicated quantum Security chip and Lantronix’s proprietary InfiniShield™ software suite while its small form factor and Power Over Ethernet function simplify deployment.
Coming soon is:
- G520 Transport, which delivers the ultimate hybrid solution based on Lantronix’s 25 years of experience in telematics gateways and Wi-Fi mobile routing. With Wi-Fi on vehicle, location base, sensor enabled and CAN bus reading, G520 Transport is an easy-to-deploy and safely managed solution.
For more information, visit https://www.lantronix.com/products/g520/
About Lantronix
Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware.
Lantronix enables its customers to accelerate time to market and increase operational up-time and efficiency by providing reliable, secure and connected Intelligent Edge IoT and Remote Management Gateway solutions.
Lantronix’s products and services dramatically simplify the creation, development, deployment and management of IoT and IT projects across Robotics, Automotive, Wearables, Video Conferencing, Industrial, Medical, Logistics, Smart Cities, Security, Retail, Branch Office, Server Room, and Datacenter applications. For more information, visit the Lantronix website.
Learn more at the Lantronix blog, which features industry discussion and updates. Follow Lantronix on Twitter, view our YouTube video library or connect with us on LinkedIn.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements related to our solutions, technologies and products. 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; the impact of the COVID-19 outbreak on our employees, supply and distribution chains, and the global economy; 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, 2021, filed with the Securities and Exchange Commission (the “SEC”) on September 11, 2021, including in the section entitled “Risk Factors” in Item 1A of Part I 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.
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FAQ
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