Lantronix Enters into Sales, Marketing and Distribution Agreement with Arrow Electronics
Multi-Billion Dollar Global Distribution Leader to Sell and Distribute Lantronix Products throughout EMEA Region
Irvine, Calif. – February 18, 2014 – Lantronix, Inc. (NASDAQ: LTRX), a leading global provider of smart IoT (Internet of Things) connectivity solutions, today announced it has signed an agreement with Arrow Electronics, Inc. (NYSE: ARW) providing for sales and marketing programs, product delivery and distribution services for Lantronix products throughout the Europe, Middle East and Africa (EMEA) regions. Arrow Electronics – a leading global provider of electronic components and technology solutions – has been a long standing distributor for Lantronix in the North America and Asia Pacific Regions.
“Lantronix has proven to be an excellent supplier, delivering world-class, innovative products for IoT (Internet of Things) applications,” said Guido Resch, vice president semiconductor marketing, Arrow EMEA. “We are pleased to collaborate with Lantronix, and look forward to kicking off our expanded relationship at this month’s Embedded World conference in Nurnberg.”
The new collaboration with Arrow Electronics expands the Lantronix’ sales and marketing reach, as well as its distribution network throughout the EMEA region, including: Andorra, Armenia, Austria, Azerbaijan, Belarus, Belgium, Bosnia-Hercegovina, Bulgaria, Croatia, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Israel, Italy, Kazakhstan, Kyrgyzstan, Latvia, Lichtenstein, Lithuania, Luxembourg, Macedonia, Moldova, Monaco, Montenegro, Morocco, Netherlands, Norway, Poland, Portugal, Romania, Russia, San Marino, Serbia, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Tajikistan, Tunisia, Turkey, Turkmenistan, Ukraine, United Kingdom, Uzbekistan, and Vatican City.
“A key element in our European growth strategy is aligning Lantronix with world-class partners such as Arrow Electronics,” said Martin Poppelaars, vice president of sales for Lantronix EMEA. “We have a long and successful history partnering with Arrow in the North American and Asia Pacific regions, and we believe this agreement will enable us to better leverage Arrow’s global distribution network to grow our business in EMEA. We look forward to deepening our relationship with Arrow through this new collaboration.”
Lantronix, Inc. (NASDAQ: LTRX) is a global leader of secure communication technologies that simplify access and communication with and between virtually any electronic device. Our smart M2M (machine to machine) and IoT (Internet of Things) connectivity solutions enable sharing data between devices and applications to empower businesses to make better decisions based on real-time information, and gain a competitive advantage by generating new revenue streams, improving productivity and increasing efficiency and profitability. Easy to integrate and deploy, Lantronix products remotely and securely connect electronic equipment via networks and the Internet. Founded in 1989, Lantronix products have applications in every industry, including medical, security, industrial and building automation, transportation, retail, POS, financial, government, consumer electronics, and IT/data center. The Company’s headquarters are located in Irvine, California. For more information, visit www.lantronix.com. The Lantronix blog, https://www.lantronix.com/blog, features industry discussion and updates. To follow Lantronix on Twitter, please visit https://www.twitter.com/Lantronix.
This news release contains forward-looking statements, including statements concerning our business plans. We have based our forward-looking statements on our current expectations and projections about trends affecting our business and industry and other future events. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. Forward-looking statements are subject to substantial risks and uncertainties that could cause our results or experiences, or future business, financial condition, results of operations or performance, to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. Some of the risks and uncertainties that may cause actual results to differ from those expressed or implied in the forward-looking statements are described in “Risk Factors” in our Annual Report on Form 10-K and our Form 10-Qs filed with the Securities and Exchange Commission, or SEC, as well as in our other filings with the SEC. In addition, actual results may differ as a result of additional risks and uncertainties of 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.
Lages & Associates, Inc.
+44 1252 717040
Mark D. Tullio
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