Latest news with #SaleelAwsare
Barnama
10 hours ago
- Business
- Barnama
Next-Gen Edge AI Solutions For The Real World: Autonomous Navigation For Drones, Surveillance And Robotics
IRVINE, Calif., June 18 (Bernama) -- Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions enabling Edge AI Intelligence, today announced its collaboration with Aerora, a provider of integrated NDAA-compliant propulsion, ground control and precision AI payload systems. This collaboration delivers Edge AI-driven solutions that significantly accelerate advancements in drones, robotics and surveillance applications delivered by Aerora's OEM platform for AI-Powered Visual Navigation. 'Lantronix's collaboration with Aerora promises to advance the development of AI-powered drones and other intelligent applications, equipping developers with cutting-edge tools from leading embedded compute technologies,' said Saleel Awsare, CEO and president of Lantronix. 'This breakthrough in advanced AI-driven solutions delivers a transformative impact, opening doors to new opportunities in both private and government sectors.'
Yahoo
22-05-2025
- Business
- Yahoo
Lantronix Awarded 2025 TMC Labs Innovation Award for Its SmartLV IoT Cellular Gateway
Designed for low-voltage substations and distribution automation applications, the SmartLV is built with advanced cyber security protocols and AI capabilities IRVINE, Calif., May 22, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling Edge AI Intelligence, today announced that Lantronix has won a 2025 TMC Labs Innovation Award for its SmartLV IoT cellular gateway. Powered by the Qualcomm® IQ-615 processor, it is the first AI-enabled IoT Edge Compute Cellular Gateway. Presented by TMC, a global, integrated media company, this award honors products that display innovation, unique features and significant contributions toward improving communications technology. Award winners are highlighted on TMCnet's online news portal. 'Through its SmartLV IoT cellular gateway, Lantronix has proven its commitment to quality and the further development of IoT communications industry,' said Rich Tehrani, CEO, TMC. 'We honor Lantronix as among the top companies that have demonstrated ground-breaking contributions to the industry.' 'We are very honored to win the TMC Labs Innovation Award. This award is highly valued by our team as we pride ourselves on innovation,' said Saleel Awsare, CEO and president of Lantronix Inc. 'Together with our long-term relationship with Qualcomm, we create and deliver groundbreaking IoT solutions that enable our customers to harness the power of AI to transform their businesses.' AI at the Edge: Transforming Energy Management Designed specifically for low-voltage substations and distribution automation applications in next-generation smart grids, utilities and industrial sectors, the SmartLV is engineered to revolutionize real-time visibility, control and automation in the energy sector. This remote management ability provides Distribution System Operators (DSOs) with the ability to control and steer energy precisely when and where it's needed. Built with advanced cybersecurity protocols and AI capabilities, the SmartLV ensures robust, reliable and secure operations for mission-critical applications, offering unmatched control over low-voltage substations and Distributed Energy Resources (DERs). 'The SmartLV Gateway is a leap forward in empowering utility operators with critical, real-time insights and control over their low-voltage substations,' said Mathi Gurusamy, chief strategy officer at Lantronix. 'By utilizing Qualcomm Technologies' AI technology, this solution helps to address today's most pressing challenges at the edge of the smart grid.' About Lantronix Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix's products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix's advanced 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. ©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners. '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 Lantronix products or leadership team. 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, 2024, filed with the Securities and Exchange Commission (the 'SEC') on Sept. 9, 2024, including in the section entitled 'Risk Factors' in Item 1A of Part I of that 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. In addition, actual results may differ as a result of additional risks and uncertainties about which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections. Lantronix Media Contact:Gail Kathryn MillerCorporate Marketing &Communications Managermedia@ Lantronix Analyst and Investor Contact:investors@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-04-2025
- Business
- Yahoo
Lantronix Named to CRN 2025 Internet of Things 50 List
CRN's annual list spotlights vendors leading IoT Innovation IRVINE, Calif., April 02, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling Edge AI Intelligence, today announced it has been recognized on the 2025 Internet of Things (IoT) 50 list by CRN®, a brand of The Channel Company. CRN's annual IoT 50 list spotlights vendors leading IoT innovation that are driving channel success. Honorees are selected by a panel of CRN editors with input from members of the channel partner community. 'We are very honored to be on CRN's IoT 50 List that spotlights companies that are notable for their dedication to cutting-edge solutions that empower the channel to create and deliver groundbreaking IoT solutions,' said Saleel Awsare, president & CEO of Lantronix Inc. 'This award is especially valued by our team as we are devoted to helping our channel partners deliver powerful Edge intelligent solutions for our mutual customers.' Recognition on the list is based on the quality of the vendors' IoT portfolios and consistency in delivering new opportunities for partners. Each company on the CRN IoT 50 has taken steps toward empowering its channel partners to deliver cutting-edge IoT solutions and drive growth. The CRN IoT 50 list includes five IoT categories: Hardware, Security, Software, Industrial and Networking and Connectivity. Lantronix was recognized in the Hardware category. 'IoT solutions deliver critical data for better decision-making and are powerful growth drivers for the channel,' said Jennifer Follett, VP, U.S. Content, and Executive Editor, CRN, The Channel Company. 'We're pleased to spotlight these vendors for their dedication to empowering partners with IoT innovation that helps them better serve their clients and advance the entire IT channel.' The 2025 CRN IoT 50 list is featured in the April issue of CRN Magazine and online at About The Channel Company The Channel Company (TCC) is the global leader in channel growth for the world's top technology brands. We accelerate success across strategic channels for tech vendors, solution providers, and end users with premier media brands, integrated marketing and event services, strategic consulting, and exclusive market and audience insights. TCC is a portfolio company of investment funds managed by EagleTree Capital, a New York City-based private equity firm. For more information, visit About Lantronix Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix's products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix's advanced 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. ©2025 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 Analyst and Investor Contact: investors@
Yahoo
05-02-2025
- Business
- Yahoo
Lantronix Announces Departure of Board Member Philip Brace, Who Is Joining Skyworks Solutions Inc. as CEO
IRVINE, Calif., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (the 'Company') (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced that Philip Brace will be departing the Lantronix Board of Directors as of Feb. 5, 2025. He is leaving the Lantronix Board to join Skyworks Solutions Inc. as its chief executive officer. 'We greatly appreciate Phil's many contributions to Lantronix during his tenure on the Board. We have benefited greatly from his extensive experience in all areas of technology. We wish him all the best in his new role as CEO of Skyworks Solutions Inc.,' said Saleel Awsare, president and CEO of Lantronix. Brace served as a member of the Lantronix Board since August 2023. He has 30 years of experience in the semiconductor, server, IoT and storage industries and has served in multiple roles across various disciplines, including software, hardware, engineering, marketing and sales. Prior to joining the Lantronix Board, he served as president and CEO of Sierra Wireless Inc. from July 2021 to January 2023. 'Phil's expertise in corporate governance helped the Lantronix Board of Directors successfully navigate complex issues,' stated Hoshi Printer, Chairman of the Board at Lantronix. 'We will miss his counsel on the board and wish him all the best in his future endeavors.' 'I'd like to thank Lantronix's CEO Saleel Awsare and its Chairman of the Board Hoshi Printer and everyone at Lantronix for their warm reception during my time serving on the Lantronix Board. With Saleel's guidance and the exceptional leadership team at Lantronix, I am confident that the company will continue to build its global presence in compute and connectivity for IoT solutions,' said Brace. About Lantronix Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix's products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix's advanced 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. Lantronix Media Contact:Gail Kathryn MillerCorporate Marketing &Communications Managermedia@ Lantronix Analyst and Investor Contact:investors@ © 2025 Lantronix Inc. All rights reserved. Lantronix is a registered trademark, and SLB and SLC are trademarks of Lantronix Inc. Other trademarks and trade names are those of their respective in to access your portfolio
