Lantronix Wins IoT Evolution Product of the Year Award

Lantronix FOX3 Series Telematic Gateway delivers world-class connectivity for vehicle and equipment tracking and data logging

IRVINE, Calif., July 20, 2021 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), 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, today announced that it has won an IoT Evolution Product of the Year Award for its FOX3 Series Telematic Gateway. The award was given by IoT Evolution World, the leading Web site covering IoT technologies.

“We are honored to win a 2021 TMC IoT Evolution Product of the Year Award for our FOX3 Series Telematic Gateway,” said Paul Pickle, CEO of Lantronix. “Lantronix’s telematics and connectivity solutions are changing the way that companies are tracking and logging data for vehicles and equipment.”

The IoT Evolution Award honors the best and most innovative products and solutions powering the Internet of Things. Nominated solutions must have been available for deployment within the past twelve months as judged by the editors of IoT Evolution World magazine.

“The winners selected for the IoT Evolution Product of Year Award reflect the diverse range of innovation driving the multi-billion-dollar IoT market today. It is my honor to congratulate Lantronix for their innovative work and superior contribution to the rapidly evolving IoT industry,” said Rich Tehrani, CEO of TMC, a co-publisher of IoT Evolution.

Lantronix’s FOX3 Series Telematic Gateway (#F35HGZFS) is an advanced telematics solution that enables smart tracking and reliable data logging for virtually any type of vehicle or equipment. It is used in a variety of smart vehicle tracking applications, including the LACOS intelligent farming solution.

LACOS uses FOX3 to incorporate remote capture of vehicle movement, location, driver status and other vehicle-related data and make data available on a secure cloud-based management platform. Securely capturing this data gives users control and traceability of tractors, vehicles and other critical farm equipment, greatly improving efficiency for more precise field cultivation.

“The Lantronix FOX3 telematics gateway provides the secure multi-protocol connectivity solution we need for our LACOS telemetry solution for farm machinery,” said Stephan Hubrich, managing director of Marketing at LACOS. “Lantronix’s FOX3 series telematics gateway delivers a clear competitive advantage over other products on the market.”

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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 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 as well as FOX3, are forward-looking statements. 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 FOX3 is a trademark 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 +49 (0)367780420
Asia Pacific + 852 3428-2338
China + 86 21-6237-8868
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India +91 994-551-2488

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/09f2ae8d-8f44-45a0-bd79-9ed981ac882d