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IRVINE, Calif., July 10, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc.
(http://www.lantronix.com/?utm_source=newswire&utm_medium=press-
release&utm_campaign=business-impact-award) (NASDAQ: LTRX), a global leader in
compute and connectivity IoT solutions, today announced that it has won a 2024
IoT Business Impact Award from IoT Evolution
(https://www.iotevolutionworld.com/) magazine, the leading publication covering
IoT technologies. This award honors organizations for case studies that
demonstrate successful deployment of their IoT solutions.
Lantronix was recognized for its IoT case study highlighting its successful IoT
solutions global deployment for HY-LINE Group's Smart Shelf. This easy-to-deploy
digital retail shelf signage solution delivers customer engagement and buying
behavior analytics. Utilizing Lantronix's E210 Series Router
(https://www.lantronix.com/products/e210-series-
routers/?utm_source=newswire&utm_medium=press-release&utm_campaign=business-
impact-award) (E214) with IoT SIM Connectivity Services
(https://www.lantronix.com/connectivity-
services/?utm_source=newswire&utm_medium=press-release&utm_campaign=business-
impact-award) and Percepxion(TM)
(https://www.lantronix.com/percepxion/?utm_source=newswire&utm_medium=press-
release&utm_campaign=business-impact-award) Cloud IoT Edge Solutions platform,
this global deployment is securely and centrally managed.
According to Berg Insight, the retail industry is one of the top vertical
markets for IoT devices. Global shipments of IoT devices in the retail sector
are projected to grow at a CAGR of 10 percent over the next three years,
reaching 19 million units in 2027. Lantronix's innovative gateways and software
are designed to target this market, supporting these growth trends through plug-
and-play connectivity services and the Percepxion IoT Edge Solutions Platform.
"We are honored to be recognized for our contributions to the IoT industry by
providing end-to-end IoT solutions that give our customers the security, proven
integration and ease of use to drive success," said Mathi Gurusamy, chief
strategy officer for Lantronix. "This award validates our strategy of delivering
solutions that empower our customers to propel success in today's IoT-driven
world."
Lantronix HY-LINE Case Study Success Highlights:
* Delivers secure connectivity with network connection via LAN, WLAN or store- independent with cellular IoT SIM connectivity as an integrated data package

  * Provides secure remote management via the Percepxion IoT Edge Solutions
    Platform.
  * Enables "National Seamless Roaming," which automatically selects the best
    connection across all available cellular networks
  * Enables scalable cloud management across the store chain, regionally,
    nationally or globally
  * Captures data with sensors, delivering analytical insights on customer
    purchasing behaviors
  * Facilitates the plug & play installation across multiple retail stores
    globally without wiring or cabling
  * Enables live updates for sales, promotions or price changes

Winning Solution: Lantronix Routers, Connectivity Services and Percepxion
Platform
Utilizing Lantronix products and services enabled HY-LINE to build connectivity
into the Smart Shelf Solution, since the Smart Shelf comes pre-configured with
the interactive display and router, it automatically connects to Cloud IoT
management, where Percepxion provides chain-wide remote management of the
connectivity.
Please visit the full case study here (https://www.lantronix.com/resources/case-
studies/hyline-group-lantronix-digital-retail-shelf-
signage/?utm_source=newswire&utm_medium=press-release&utm_campaign=business-
impact-award). To learn more about all of Lantronix IoT Solutions, visit the
Lantronix website
(http://www.lantronix.com/?utm_source=newswire&utm_medium=press-
release&utm_campaign=business-impact-award).
About Crossfire Media
Crossfire Media, co-publishers of IoT Evolution, is an integrated marketing
company with a core focus on future trends in technology. We service communities
of interest with conferences, tradeshows, webinars and newsletters. Crossfire
Media has a partnership with Technology Marketing Corporation (TMC) to produce
events and websites related to disruptive technologies. Crossfire Media is a
division of Crossfire Consulting, a full-service Information Technology company
based in New York.
About Lantronix
Lantronix Inc. is a global leader 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 succeed 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
(http://www.lantronix.com/?utm_source=newswire&utm_medium=press-
release&utm_campaign=business-impact-award).
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: This news release contains forward-looking statements within the meaning
of federal securities laws, including without limitation statements related to
winning the 2024 IoT Business Impact Award, deployment for HY-LINE Group's Smart
Shelf, E210 Series Routers, and all other products, IoT SIM Connectivity
Services and Percepxion, 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 Report on Form 10-Q 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 Miller
Corporate Marketing &
Communications Manager
media@lantronix.com (mailto:media@lantronix.com)
949-212-0960
Lantronix Analyst and Investor Contact:
Jeremy Whitaker
Chief Financial Officer
investors@lantronix.com (mailto:investors@lantronix.com)
949-450-7241
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