LTRX Lantronix Inc

Lantronix Inc. (NASDAQ: LTRX), a global leader in IoT compute and connectivity IoT solutions, is proud to announce the appointment of Daniel Quant as head of the Industrial IoT (IIoT) Products and Business Line at Lantronix. Reporting directly to Lantronix’s chief strategy officer Mathi Gurusamy, Quant will play a pivotal role in driving Lantronix’s vision of integrating Artificial Intelligence into Industrial IoT devices to meet the increasing demand for Edge Intelligence in industrial and enterprise environments.

Quant brings more than two decades of global leadership experience in Industrial IoT and advanced wireless communication technologies. He has a proven track record of driving market growth, developing groundbreaking products and forging strategic partnerships. Before joining Lantronix, Quant served as vice president and general manager at Multi-Tech Systems, where he led a global business unit focused on gateways, routers and modems. His accomplishments include leading the development and adoption of Low-Power Wireless Access technologies for large-scale IoT deployments, BACnet LoRaWAN gateways for smart building automation, a comprehensive portfolio of Private LTE User Devices and the early market introduction of 5G NR RedCap in Enterprise Private Networks.

"We are thrilled to welcome Daniel to Lantronix," said Gurusamy. "Daniel’s exceptional expertise in Industrial IoT, combined with his ability to blend strategy and innovation, will significantly enhance our ability to bring AI-powered edge intelligence solutions to the forefront of industrial and enterprise markets."

Throughout his career, Quant has led the launch of cutting-edge IoT solutions, including the world’s first LoRa-based edge-compute Network Gateway and Module platforms and the first LTE Cat.M1 devices approved for use on the AT&T network. His efforts have driven significant market diversification in sectors such as energy, utilities and smart buildings. A thought leader in the IoT space, Quant has actively contributed to international standards bodies and industry alliances, including the LoRa Alliance, 3GPP, CTIA, OnGo Alliance, Entelec and the Utility Broadband Alliance.

"I am honored and excited to join Lantronix at such a transformative time," Quant said. "The opportunity to lead its Industrial IoT Product and Business Line as well as bring AI-driven intelligence to edge devices is both challenging and exhilarating. I look forward to collaborating with the talented Lantronix team to develop innovative solutions that redefine the way industries operate and thrive."

Quant holds a bachelor’s degree in engineering, including honors in Electronic System Engineering, and has completed advanced studies in Machine Learning from MIT. His technical expertise, combined with his strategic business acumen, will help propel Lantronix’s mission to provide secure, intelligent edge solutions that enable customers to unlock the full potential of their data.

About Lantronix

Lantronix Inc. is a global leader 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.

“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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