Lantronix G520 series next-generation IoT cellular gateways are designed for Industry 4.0, security and transport applications
IRVINE, Calif., May 24, 2022 — Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced that its G520 series of next-generation IoT cellular gateways has been honored with a 2022 IoT Evolution Industrial IoT Product of the Year Award from IoT Evolution World.
IoT Evolution World honored Lantronix’s G520 series IoT cellular gateways for meeting the needs of users in Industry 4.0, security and transport applications by providing flexibility to the edge via advanced technologies that provide the ability to:
The G520 series provides a complete solution as the IoT gateways come pre-configured with Lantronix’s award-winning ConsoleFlow™ cloud-based device management as well as Lantronix Connectivity Services.
According to Berg Insights, more than 3.7 million IoT gateways were sold globally during 2020 at a total market value of approximately $1.01 billion. Its analysts forecast that shipments of cellular IoT gateways will grow at a CAGR of 14.4 percent in the next five years to reach 7.2 million units in 2025.
“This award validates our strategy of providing end-to-end IoT solutions that provide our customers with the proven integration, essential security and ease-of-use needed for success in today’s IoT-driven world,” said Paul Pickle, CEO of Lantronix.
“It is my pleasure to recognize Lantronix for its innovative work and superior contribution to the rapidly evolving IoT industry,” said Moe Nagle, senior editor of IoT Evolution World.
Lantronix solutions encompass the full spectrum of products and services to meet the IoT market challenges of today and tomorrow. Its end-to-end solutions portfolio includes embedded modules, software and services as well as IoT system solutions.
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Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware.
Lantronix enables its customers to accelerate time to market and increase operational up-time and efficiency by providing reliable, secure and connected Intelligent Edge IoT and Remote Management Gateway solutions.
Lantronix’s products and services dramatically simplify the creation, development, deployment and management of IoT and IT projects across Robotics, Automotive, Wearables, Video Conferencing, Industrial, Medical, Logistics, Smart Cities, Security, Retail, Branch Office, Server Room, and Datacenter applications. For more information, visit the Lantronix website.
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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, technologies and products, 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, 2021, filed with the Securities and Exchange Commission (the “SEC”) on September 11, 2021, 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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