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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Lantronix Inc | NASDAQ:LTRX | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.17 | 4.37% | 4.06 | 4.00 | 4.05 | 4.27 | 3.86 | 3.94 | 470,825 | 00:41:21 |
Mathi Gurusamy, chief strategy officer at Lantronix, shared, “We're excited to present our newest solutions, including the Percepxion Cloud Software Platform and our expanded line of hardware products, at this year’s IoT Solutions World Congress. Lantronix is the go-to source for IoT success, providing a suite of reliable, secure and easy-to-deploy solutions, all supported by its exceptional service team.”
According to Berg Insight, the global shipments of aftermarket telematic devices will grow at a CAGR of 10.5 percent in the next five years, reaching 77.6 million units in 2027 for a total market value estimated to reach $3.7 billion by 2027. Lantronix’s innovative hardware and software effectively target this market, supporting these growth trends.
Introducing Tracx: A Revolutionary Hub for Fleet and Asset Management
The soon-to-launch Tracx platform is a centralized, browser-based hub designed to revolutionize fleet and asset management. This comprehensive tool allows users to effortlessly track, dispatch, monitor and extract valuable insights from their assets through a single, streamlined platform.
New From Lantronix
Reliable Hardware, Trusted Performance
In addition to its latest innovations, Lantronix will also feature well-established and reliable solutions, including:
Connectivity Simplified
Lantronix’s Connectivity Services provide seamless, global IoT fleet management using a universal SIM, offering customized carrier and connectivity solutions to meet diverse environmental needs.
About Lantronix
Lantronix Inc. is a global provider 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 achieve success 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 media alert contains forward-looking statements within the meaning of federal securities laws, including without limitation statements related to the upcoming Tracx centralized, browser-based hub for comprehensive fleet and asset management, Percepxion, hardware product and connectivity services 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 Reports on Form 10-Q for the fiscal quarter ended Dec. 31, 2023, filed with the SEC on Feb. 8, 2024, and 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
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