Lantronix Expands Latin American Market Reach Through Strategic Partnership With Ion LATAM

IRVINE, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced a strategic partnership with Ion LATAM, a premier sales and marketing manufacturer’s representative organization covering Mexico, Central America and South America. Designed to broaden Lantronix's market presence in Latin America, this relationship will expand access of its cutting-edge IoT and AI Edge solutions to the companies’ mutual customers.

“We are pleased to add Ion LATAM to our network of trusted partners and are excited about growing our business in Latin America in response to the increasing demand for secure, reliable IoT solutions,” said Kurt Hoff, VP of Global Sales & Marketing at Lantronix. “This relationship represents a significant milestone in Lantronix’s ongoing commitment to delivering innovative products and services throughout Latin America and the world at large.”

Under this agreement, Ion LATAM will promote Lantronix’s comprehensive IoT and intelligence edge product portfolio and will also provide expert technical support to customers in Latin America. By leveraging Ion LATAM’s deep industry expertise and customer relationships, the alliance is poised to accelerate the adoption of Lantronix’s innovative solutions across Mexico, Central America and South America.

“We are thrilled to partner with Lantronix,” said Toby Lasley, president of Ion LATAM. “As a manufacturer representative, we see immense value in offering Lantronix’s world-class IoT and AI Edge Intelligent products,, engineering services and AI-powered Out-of-Band solutions to our customers. This collaboration aligns perfectly with our mission to deliver leading-edge technology to our markets.”

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.

“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 leadership. 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 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.

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media@lantronix.com

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