IRVINE, Calif., Feb. 23, 2022 (GLOBE NEWSWIRE) —


Lantronix Inc.


(NASDAQ: LTRX), a global provider of secure turnkey solutions for intelligent IT and Internet of Things (IoT);

Taoglas®,

a leading provider of advanced technology for a smarter world; and

Thales

(Euronext Paris: HO), a global leader in advanced technologies and designer and builder of IoT connectivity solutions, today announced their collaboration. Their combined expertise aims to deliver application-specific smart industrial IoT solutions to connect data-dependent vertical industries, including Industrial 4.0, Security and Transport markets.

On display at Mobile World Congress at the Taoglas booth, Number 5E32, the Lantronix


G520 Series


smart cellular IoT devices feature the Taoglas

Guardian MA963 antenna

and Thales

MV31 Ultra High Speed 5G M.2 Modem Card

to deliver complete, integrated smart industrial IoT gateway solutions on which users can depend for reliability, compatibility and resilience.

“Spearheading collaboration for the digital transformation of IoT solutions for Industrial 4.0, Security and Transport applications, Taoglas, Lantronix and Thales have collaborated to create a fully integrated gateway solution that gives users peace of mind that their systems will stay live even in harsh environments,” said Paul Pickle, CEO of Lantronix.

“In today’s highly technical environment, collaboration is the key to developing reliable solutions to power connectivity-dependent industries. Our collaborations with Lantronix and Thales help avoid common pitfalls that result in failure of IoT implementations by ensuring inter-connectivity, high-level security features and 24/7 uptime,” said Oliver Robin, GM and SVP of Taoglas Advanced Components business unit.

“The Thales partnership with Lantronix and Taoglas enables speedy and secure 5G cellular connectivity, designed for the needs of critical industries like Industry 4.0, Security and Transport Applications,” said Francis D’Souza, head of Portfolio Management IoT at Thales. “Our award-winning Cinterion MV31 IoT Modem Card delivers high-performance 5G enhanced Mobile Broadband (eMBB) and supports fast data speeds with 4G fallback. This means very low latency, higher throughput and a 5G connectivity solution specifically made for the IoT.”

The Lantronix G520 series gives users the ability to connect all their controllers, even if they are using legacy equipment of different ages and brands. A single gateway device facilitates reliable connections with less hardware and delivers access to more meaningful data.

Key 5G benefits include lower latency, enabling real-time application, such as augmented and virtual reality; higher capacity, enabling more devices to concurrently be online; and higher speeds, allowing data to move faster and more easily over 5 Gbps.

According to Berg Insight, global cellular IoT device shipments increased by 14 percent in 2020 to reach 302.7 million units and are forecasted to grow at a compound annual growth rate (CAGR) of 15.8 percent to reach 629.6 million units by 2025.

To learn more about all the innovative products from Taoglas, the Lantronix G520 and the Thales 5G Modem Card, stop by the Taoglas (5E32) and Thales (2J30) booths at Mobile World Congress.

About Taoglas

Taoglas

is a leading provider of advanced technology for a smarter world. Our solutions include advanced components and technologies and help OEMs, enterprises, and communities to resolve the complexities of bringing digital transformation solutions to market quickly and cost effectively. Focused on best-in-class, high-performance antenna and RF design with advanced positioning, imaging, audio and artificial intelligence technologies, Taoglas has unique expertise in integrating and commercializing highly complex technology solutions. We utilize this expertise for our home-grown connected smart services such as

Taoglas Waste Insights™

as well as being a trusted advisor to OEMs and enterprises regardless of where they are on their digital transformation journey.

With world-class design, consultancy and engineering expertise, along with support and test centers globally, Taoglas has proven expertise across the transportation, waste management, connected healthcare, smart cities and smart building industries. For more information, visit https://www.taoglas.com.

About Thales Group

Thales is a global, high-technology leader investing in digital and “deep tech” innovations — connectivity, big data, artificial intelligence, cybersecurity and quantum technology — to build a future we can all trust, which is vital to the development of our societies. The company provides solutions, services and products that help its customers — businesses, organisations and states — in the defence, aeronautics, space, transportation and digital identity and security markets to fulfil their critical missions by placing humans at the heart of the decision-making process.

For more information, visit

www.thalesgroup.com/iot

.

About Lantronix

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’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

.

“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.

© 2022 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

Lantronix Media Contact:


Gail Kathryn Miller

Corporate Marketing &

Communications Manager


[email protected]


949-453-7158

Lantronix Analyst and Investor Contact:


Jeremy Whitaker

Chief Financial Officer


[email protected]


949-450-7241

Lantronix Sales:



[email protected]


Americas +1 (800) 422-7055 (US and Canada) or +1 949-453-3990

Europe, Middle East and Africa +31 (0)76 52 36 744

Asia Pacific + 852 3428-2338

China + 86 21-6237-8868

Japan +81 (0) 50-1354-6201

India +91 994-551-2488

Taoglas PR Contact:


Charlotte Rubin

Global VP of Marketing


[email protected]


858-775-7621

Thales PR Contact:


Vanessa Viala

Media Relations, Digital Identity and Security


[email protected]


+33 (0)6 07 34 00 34