Lantronix Powers Industrial Internet of Things With Solutions That Improve Lives

Rhea-AI Summary

Lantronix Inc. (NASDAQ: LTRX), a leader in IoT services, is driving advancements in Smart Cities, banking security, and retail technologies. The company highlights a report predicting the Global Industrial IoT Market to grow by $421.28 billion from 2021 to 2025 at a CAGR of 33%. Lantronix's solutions, such as the Open-Q 624A SOM for automated license plate readers, and the E210 Series Routers for bank ATMs, demonstrate significant contributions to safety and efficiency. The rollout of these applications aims to enhance community safety and streamline retail processes, showcasing Lantronix's pivotal role in the commercial IoT landscape.

Positive

• Global IoT market growth expected to add $421.28 billion from 2021 to 2025, indicating strong demand for Lantronix's offerings.
• Successful deployment of Open-Q 624A SOM for automated license plate readers enhances community safety and supports law enforcement.
• Lantronix's E210 Series Routers provide secure, real-time data transmission for bank ATMs, improving security and regulatory compliance.
• Fast-tracked market readiness and cost-effective solutions in multiple applications demonstrate strong product development capabilities.

Negative

• None.

Smart Cities Safety, Increased Bank Security and Intelligent Point of Sale for Retail

IRVINE, Calif., March 23, 2021 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of Software as a Service (SaaS), connectivity services, engineering services, intelligent hardware and turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), is powering today’s industrial IoT revolution with products and services that increase safety, security and efficiency and improve lives.

As reported by ReportLinker, the Global Industrial Internet of Things (IoT) Market is poised to grow by $421.28 billion during 2021–2025, progressing at a CAGR of 33 percent during the forecast period.

“Lantronix’s Internet of Things solutions are powering new industrial, commercial and retail applications that positively impact lives. From increasing security at bank ATMs, helping make communities safer and improving how we check out at the market, Lantronix solutions are powering today’s commercial IoT revolution,” said Paul Pickle, CEO, Lantronix Inc.

Lantronix’s solutions are showcased in case studies, including:

Smart City Solution

Application: Community Safety Solution Automated License Plate Reader
Lantronix Solution: Open-Q 624A System on Module (SOM) and Development Kit

Challenge: Create an Automated License Plate Reader (ALPR) Camera Solution

Flock Safety wanted to build a system that would capture the license plate evidence needed to solve non-violent neighborhood crime.

Solution: Lantronix Open-Q 624A SOM and Development Kit
Utilizing Lantronix’s Open-Q 624A SOM, its Open-Q 624A Development Kit and a custom carrier board designed by Lantronix’s engineers, the Flock Safety team was able to quickly and cost-effectively build a purpose-built core platform for its safety system.

Features include:

• Wireless camera technology
• Secure access by authorized users
• Remote device management, including software updates
• Low-power requirement for long-lasting battery
• Assurance of privacy for neighbors
• FCC/IC pre-certified Wi-Fi®/BT module

Results: Flock Safety Cameras Fight Crime With Technology
With the help of Lantronix’s engineering team and products, the Flock Safety design team created its breakthrough ALPR solution that combines powerful processing with security. Each camera can capture the license plates of 15,000 vehicles per day and send real-time alerts to law enforcement with information including the license plate number, state, color of the car and if it is on the FBI’s NCIC list of stolen vehicles.

Lantronix Benefits include:

• Quickly build a market-ready prototype
• Provide an affordable solution that helps contain development costs
• Get to production and market faster
• Deliver a powerful yet affordable safety device

ATM Banking Solution

Application: Secure Transmission of Video and Data at Global Bank’s ATMs
Lantronix Solution: Lantronix E210 Series Routers

Challenge: Securely Transmit Video and Data 24/7 in Real Time

Argus Secure Technology needed to find a way to securely transmit video and data in real time from a global bank’s ATMs to the bank’s central control station on a 24/7 uninterrupted basis. It was challenged to find a reliable, secure and durable router that would meet the real-time video requirements of its ATM security solution. The router had to enable the entire video and data stream to be transmitted over the bank’s secure Virtual Private Network (VPN), not the unsecured public Internet. It also had to meet the banking industry’s strict regulations.

Solution: Lantronix E210 Reliable, Secure and Durable Router

To provide 24/7 live video streaming and data transition at the bank’s 1,000+ ATM locations, they chose the Lantronix E210 router. Video and sensor data are transmitted in real-time to a central control center via the E210 high-speed router over the bank’s VPN as part of the bank’s advanced ATM security solution which comprises an IP camera for video surveillance as well as motion detection sensors.

Results: Lantronix Routers Deliver a Secure, Reliable, Regulatory-Compliant Solution

With the Lantronix E210 routers, the bank can monitor its 1,000+ ATMs on a real-time basis. Receiving the video and data in real-time enables the command center to detect any malicious intent and report to regional security officers for rapid action.

At each ATM location, the Lantronix E210 router quickly transfers video at high data rates and also transfers data from the alarm panel, showing when the outer door is open or closed as well as when the cash door is open or closed.

Benefits include:

• Quickly deliver market-ready solution
• Provide technology that helps contain development costs
• Deliver a powerful yet affordable and secure device
  

Smart Weighing Scales

Application: Grocery Weighing Scales Application
Lantronix Solution: xPico 240 IoT Gateway

Challenge: Deliver Wireless Connectivity Technology for Industrial Weighing Scales

Leading grocery chains are seeking the flexibility of wireless connectivity to enable on-demand store reconfigurations and wireless transmission of information from weighing scales directly to POS terminals. They wanted a globally certified solution that would mitigate significant product validation and re-certification risks and costs in addition to implementing dependable, wireless connectivity and security.

Solution: Lantronix xPico 240 IoT Gateway

The Lantronix xPico 240 Embedded IoT Gateway was selected to host Cypress’ CYW43907 Embedded Wireless system-on-a-chip (SoC), which features Arm Cortex-R4 Dual-Band (2.4/5 GHz) 802.11n Wi-Fi® MCU. Enabling rapid time to market, this module provides world-class dual-band Wi-Fi, antenna diversity, enterprise-level Wi-Fi security and industrial-grade wireless connectivity management. The xPico 240’s compact footprint with global certifications made integration into the product design fast and easy. Lantronix’s Software Development Kit (SDK) enables customization and development of unique features.

Results: Quick Creation of a Market-Ready Wireless Industrial Weighing Scale Prototype

Utilizing the Lantronix xPico 240 Embedded IoT Gateway and Cypress’ CYW43907, the customer created a new industrial weighing scale design that eliminated the need for wired connectivity, giving stores the flexibility for reconfigurations on demand. It also wirelessly transmits information from weighing scales directly to the POS terminals, speeding up customer check-out.

Benefits:

• Quickly build a market-ready prototype
• Reduce total cost of development
• Get to production and market faster
• Deliver a comprehensive, globally certified solution to market

About Lantronix
Lantronix Inc. is a global provider of Software as a Service (SaaS), connectivity services, engineering services, intelligent hardware and turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM). Lantronix enables its customers to provide reliable and secure IoT Intelligent Edge and OOBM solutions while accelerating time to market. Lantronix’s products and services dramatically simplify the creation, development, deployment and management of IoT projects while providing quality, reliability and security across hardware, software and solutions.

With three decades of proven experience in creating robust IoT technologies and OOBM solutions, Lantronix is an innovator in enabling its customers to build new business models, leverage greater efficiencies and realize the possibilities of the Internet of Things. Lantronix’s solutions are deployed inside millions of machines at data centers, offices and remote sites serving a wide range of industries, including energy, agriculture, medical, security, manufacturing, distribution, transportation, retail, financial, environmental and government.

Lantronix is headquartered in Irvine, Calif. For more information, visit www.lantronix.com.

Learn more at the Lantronix blog, www.lantronix.com/blog, featuring industry discussion and updates. To follow Lantronix on Twitter, please visit www.twitter.com/Lantronix. View our video library on YouTube at www.youtube.com/user/LantronixInc or connect with us on LinkedIn at www.linkedin.com/company/lantronix.

“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 that increase safety, security and efficiency and improve lives.

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, 2020, filed with the Securities and Exchange Commission (the “SEC”) on September 11, 2020, 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.

© 2021 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark, and Open-Q, xPico and are trademarks of Lantronix Inc. Other trademarks and trade names are those of their respective owners.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949-453-7158

Lantronix Analyst and Investor Contact:
Jeremy Whitaker
Chief Financial Officer
investors@lantronix.com
949-450-7241

Lantronix Sales:
sales@lantronix.com
Americas +1 (800) 422-7055 (US and Canada) or +1 949-453-3990
Europe, Middle East and Africa +31 (0)76 52 36 744
Asia Pacific + 852 3428-2338
China + 86 21-6237-8868
Japan +81 (0) 50-1354-6201
India +91 994-551-2488

FAQ

What is Lantronix's role in the IoT market and its growth prospects?

Lantronix Inc. is a key player in the IoT market, offering solutions that drive both Smart Cities and banking security, with forecasts suggesting a $421.28 billion growth in the sector from 2021 to 2025.

Which products are featured in Lantronix's recent case studies?

Recent case studies highlight the Open-Q 624A SOM for community safety and the E210 Series Routers for secure ATM operations, showcasing their effectiveness in real-time data transmission.

What benefits does the Open-Q 624A SOM provide for safety applications?

The Open-Q 624A SOM enables rapid development of safety solutions like automated license plate readers, offering features such as low power usage and remote device management.

How do Lantronix's solutions enhance bank security?

Lantronix's E210 Series Routers facilitate secure, real-time transmission of video and data from ATMs, enhancing surveillance and response capabilities in compliance with banking regulations.