Lantronix Advanced IoT Technologies Contribute to Development of Two of TIME’s Best Inventions of 2020
Lantronix helped jumpstart Best Inventions Moxie Children’s Robot and Guardhat HC1 Communicator Smart Hardhat, accelerating time to market
IRVINE, Calif., Jan. 27, 2021 — Lantronix Inc. (NASDAQ: LTRX), a global provider of Software as a Service (SaaS), engineering services and intelligent hardware for the Internet of Things (IoT) and Remote Environment Management (REM), today announced that its advanced IoT technologies and engineering services contributed to the development of TIME’s Best Inventions of 2020: Moxie Children’s Robot from Embodied Inc. and the HC1 Communicator smart hardhat from Guardhat. With Lantronix’s products and engineering support, both companies were able to jumpstart design and quickly go to market.
“Congratulations to Embodied for its Moxie robot and to Guardhat for its HC1 Communicator smart hardhat being named among TIME’s Best Inventions for 2020,” said Paul Pickle, CEO of Lantronix. “Lantronix’s IoT advanced computing System on Module solutions and engineering services supported Embodied Inc. and Guardhat in creating and quickly bringing their breakthrough innovations to market.”
Embodied Inc. Brings Moxie to Life With Support From Lantronix
Created by vets of the Mister Rogers’ Neighborhood TV show as well as Pixar, Jim Henson Productions and experts in education and child development, Embodied’s Moxie is a revolutionary new companion robot. Created for children ages five to ten, Moxie was designed to help boost children’s social and emotional skills.
To make Moxie safe for at-home use by children, Embodied’s designers turned to Lantronix Engineering Services to support the development of a secure operating system with advanced privacy, security and camera technologies. Lantronix’s contributions helped Embodied bring Moxie to market faster, more affordably and with built-in security updates and patches that can be remotely updated.
Guardhat Revolutionizes the Safety of Industrial Workers With Support From Lantronix
The innovative founders of Guardhat re-envisioned the hardhat into a smart communicating device that monitors the wearer’s location in real time; allows them to make hands-free video and audio calls; and detects their proximity to hazardous materials, temperatures and moving equipment.
To incorporate sensors, a camera and microphones into the HC1 Communicator design, Guardhat’s designers turned to Lantronix for the on-device processing power of its Lantronix Open-Q™ 626 micro System on Module (μSOM) based on the Qualcomm® APQ8053-Pro System on Chip (SoC). Lantronix’s contributions helped Guardhat jumpstart development and quickly bring the HC1 Communicator to market, delivering a secure and reliable smart hardhat solution.
Lantronix Inc. is a global provider of software as a service (SaaS), engineering services and hardware for Edge Computing, the Internet of Things (IoT) and Remote Environment Management (REM). Lantronix enables its customers to provide reliable and secure solutions while accelerating their time to market. Lantronix’s products and services dramatically simplify operations through the creation, development, deployment and management of customer projects at scale while providing quality, reliability and security.
Lantronix’s portfolio of services and products address each layer of the IoT Stack, including Collect, Connect, Compute, Control and Comprehend, enabling its customers to deploy successful IoT and REM solutions. Lantronix’s services and products deliver a holistic approach, addressing its customers’ needs by integrating a SaaS management platform with custom application development layered on top of external and embedded hardware, enabling intelligent edge computing, secure communications (wired, Wi-Fi and cellular), location and positional tracking and environmental sensing and reporting.
With three decades of proven experience in creating robust industry and customer-specific solutions, Lantronix is an innovator in enabling its customers to build new business models, leverage greater efficiencies and realize the possibilities of IoT and REM. Lantronix’s solutions are deployed inside millions of machines at data centers, offices and remote sites serving a wide range of industries, including energy, agriculture, medical, security, manufacturing, distribution, transportation, retail, financial, environmental, infrastructure and government.
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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 and technologies and the support of the development of electronics and IoT devices (such as the Moxie Robot) utilizing Lantronix’s technology and engineering expertise are forward-looking statements. 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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