Lantronix Wins IoT Global Award for Its FOX3 Series Telematic Gateway

IRVINE, Calif., Dec. 01, 2021 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for intelligent IT and Internet of Things (IoT), today announced that its FOX3 Series telematics gateway won an IoT Global Award from WeKnow Media Ltd. The award was given in part due to the product’s contributions to the breakthrough farm equipment telemetry system created by Lantronix client LACOS of Germany. The IoT Global Awards is a prestigious awards program honoring the most innovative companies, products and individual talent in 11 IoT industry categories.

“We congratulate Lantronix on winning an IoT Global Award for its FOX3 Series telematics gateway. It’s exciting to see that IoT is bringing provable, repeatable benefits to our daily lives in areas that have often proved hard to reach,” said Jeremy Cowan, co-founder of IoT Now and chairman of the Judges in the 2021 Internet of Things Global Awards.

“We are honored to win this prestigious award,” said Jacques Issa, VP of Marketing at Lantronix Inc. “Integrated into the LACOS farm equipment telemetry system, the FOX3 Series telematic gateway provides users with unprecedented insights for maximum efficiency and cost savings.”

“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. “It delivers a clear competitive advantage over other products on the market.”

Using the Lantronix FOX3-3G-BLE (#F35HGZFS) telematics gateway enabled the LACOS intelligent farming solution to incorporate remote capture of vehicle movement, location, driver status and other vehicle-related data. It also makes the 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 and cost-effective field cultivation.

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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 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.

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“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, 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.

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