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Edge AI

Percepxion™ Edge AI Solution prototype’s seamless integration with the Qualcomm AI Hub, this integrated solution delivers a robust platform for optimized model performance, supporting the rapid development, deployment and acceleration of edge AI solutions.

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Out-of-Band Management

AI-Driven Automation and Console Access for Enterprise Networks

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Lantronix Centralized Management Software

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Centralized Management Software

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From training , to white papers, videos, and more, you’ll find what you need to design, develop, deploy and manage powerful, innovative remote networking and IT infrastructure management applications and solutions.

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Lantronix
March 4, 2024

Notice of Inducement Grants for Kurt Hoff, Lantronix Vice President, Worldwide Sales

IRVINE, Calif., March 4, 2024 — Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions, announced that in connection with the commencement of the employment of Kurt Hoff, vice president, Worldwide Sales, effective March 4, 2024, the Company has agreed to issue Hoff inducement awards consisting of 62,404 restricted share units (RSUs) and 43,203 performance-based share units (PSUs), with the number of PSUs assuming target level of performance. The RSU award is scheduled to vest over three years as follows: one-third of the award is scheduled to vest on March 1, 2025, and the remaining RSUs are scheduled to vest ratably each quarter thereafter over a period of two years. The PSU award is scheduled to vest based on the company’s relative total stockholder return (TSR) over a three-year period beginning on the employment commencement date. Each award is subject to the terms and conditions of the applicable award agreement. The inducement RSUs and PSUs are granted as employment inducement awards in accordance with NASDAQ Listing Rule 5635(c)(4).

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.


© 2024 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

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Lantronix Media Contact:         

Gail Kathryn Miller

Corporate Marketing &

Communications Manager

[email protected]

949-212-0960

 

Lantronix Analyst and Investor Contact:

Jeremy Whitaker

Chief Financial Officer

[email protected]
949-450-7241

 

Edge AI

Percepxion™ Edge AI Solution prototype’s seamless integration with the Qualcomm AI Hub, this integrated solution delivers a robust platform for optimized model performance, supporting the rapid development, deployment and acceleration of edge AI solutions.

Software

Centralized Management Software

Services

Out-of-Band Management

AI-Driven Automation and Console Access for Enterprise Networks

Software

Lantronix Centralized Management Software

Services

Resources

From training , to white papers, videos, and more, you’ll find what you need to design, develop, deploy and manage powerful, innovative remote networking and IT infrastructure management applications and solutions.

Support

Visit the Technical Resource Center for all of your support needs

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