IRVINE, Calif., March 20, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc.
(https://www.lantronix.com/?utm_source=newswire&utm_medium=press-
release&utm_campaign=m114bis) (NASDAQ: LTRX), a global provider of compute and
connectivity IoT solutions, today announced the addition of the new M114 CAT-
1BIS (https://www.lantronix.com/products/m110-series-
modems/?utm_source=newswire&utm_medium=press-release&utm_campaign=m114bis) modem
to its family of M110 mobility solutions. Available now in EMEA markets, the
M114 CAT-1BIS is a serial-to-cellular modem that comes pre-configured with
Lantronix's new Percepxion(TM) IoT software
(https://www.lantronix.com/percepxion/?utm_source=newswire&utm_medium=press-
release&utm_campaign=m114bis) to provide secure, comprehensive device lifecycle
management at the edge.
"The cellular router and gateway market is driven by the growing need to connect
assets and workforces in remote and temporary locations as enterprises
digitalize their operations," said Jacques Issa, vice president of Marketing at
Lantronix Inc. "A trusted resource for IoT solutions that deliver reliable and
secure connectivity at the edge, Lantronix is pleased to expand its M110
mobility solutions family with the new M114 CAT-1BIS modem."
According to Berg Insight, the estimated annual global shipments of cellular
modems/gateways amounted to 5.6 million units in 2022, which generated annual
revenues of $1.4 billion with the market value in the European region accounting
for $366 million. Berg Insight also forecasts that the global market will grow
at a CAGR of 12.1 percent in the next five years, reaching $2.5 billion in 2027.
Delivered in a cost-effective, small form factor, the low-power M114 CAT-1BIS
modem provides serial-to-cellular communication with the coverage, reliability
and speeds of the existing CAT-1 network, using a single antenna design. It is
ideal for industrial applications, including automation, M2M, door control
systems, escalators, elevators and machine sensors.
The M114BIS modem's key features include:

  * Compact Design. With a low footprint and small form factor (60 x 66 x 21.7
    mm), M114BIS is ideal for use where space is at a premium.
  * Low-Power Consumption. Its low-power requirement makes it ideal for remote
    applications where power may be limited or where power efficiency is
    important.
  * Speedy Device Deployment and Remote Management. The M114BIS is pre-
    configured for use with Lantronix's Percepxion Cloud IoT Edge Solutions
    Platform which delivers a single pane-of-glass for device deployment and
    lifecycle management.
  * Connectivity Services. The M114 CAT-1BIS is compatible with Lantronix
    Connectivity Services (https://www.lantronix.com/connectivity-
    services/?utm_source=newswire&utm_medium=press-
    release&utm_campaign=m114bis), an IoT cellular platform that simplifies
    connecting a global array of IoT devices on every network using a single
    Global or EMEA SIM card.

Learn more about Lantronix's M110 series gateways here
(https://www.lantronix.com/products/m110-series-
modems/?utm_source=newswire&utm_medium=press-release&utm_campaign=m114bis).
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 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=m114bis).
"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 and expectations regarding
our management and our future growth and profitability. 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 Dec. 31, 2023, filed with the
SEC on Feb. 8, 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
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/47250d57-73d8-480e-93a8-
f4235addd019
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