IRVINE, Calif., May 03, 2017 (GLOBE NEWSWIRE) -- Lantronix, Inc. (NASDAQ:LTRX), a global provider of secure data access and management solutions for Internet of Things (IoT) and information technology (IT) assets, today announced that it has joined the Industrial Internet Consortium® (IIC), the world’s leading organization in transforming business and society by accelerating the Industrial Internet of Things (IIoT).
The research and advisory firm, Gartner, estimates the installed base of the IoT will exceed 20 billion units worldwide by 2020, with the McKinsey Global Institute estimating the economic potential of IoT to be as much as $11.1 trillion by 2025. This massive economic opportunity can only be realized if companies small and large can develop a new generation of technology solutions that will help them manage, operate, and service, connected products securely. In addition, these companies need a platform to help them rapidly create web-scale business applications that fully leverage a smart and connected world.
Lantronix has been delivering robust connectivity solutions for the machine to machine (M2M) and IoT industry for more than 25 years. The company’s newest IoT solutions - the SGX 5150, PremierWave® 2050, and xPico® 200 series - are targeted at providing even more functionality and features that allow OEMs (original equipment manufacturers) to go to market with their IoT solutions more quickly. In March, the company demonstrated MACH10™, a multi-dimensional management software platform designed specifically to enable IoT OEMs to quickly and profitably deliver web-scale IoT applications and services.
“As our OEM customer base looks at developing smart and connected products, the demand for applications that can leverage this connectivity is increasing at an unimaginable pace,” said Shahram Mehraban, Lantronix Vice President of Marketing. “The IIC gives us the opportunity to collaborate with other leading technology companies. We look forward to using our deep expertise to fully participate as an active member of the IIC and enabling a new era of innovation in smart and connected products.”
“Lantronix brings years of experience building IoT connectivity solutions,” said Dr. Richard Mark Soley, Ph.D., Executive Director, Industrial Internet Consortium. “We are delighted that Lantronix is now a member of the IIC and look forward to the contributions they will make in helping to further advance connected IoT solutions.”
About Lantronix
Lantronix, Inc. is a global provider of secure data access and management solutions for Internet of Things (IoT) and information technology (IT) assets. Our mission is to be the leading supplier of IoT gateways that enable companies to dramatically simplify the creation, deployment, and management of IoT projects while providing secure access to data for applications and people.
With more than two decades of experience in creating robust machine to machine (M2M) technologies, Lantronix is an innovator in enabling our customers to build new business models and realize the possibilities of the Internet of Things. Our connectivity solutions are deployed inside millions of machines serving a wide range of industries, including data center, medical, security, industrial, transportation, retail, financial, environmental and government.
Lantronix is headquartered in Irvine, California. For more information, visit www.lantronix.com.
Learn more at the Lantronix blog, www.lantronix.com/blog, featuring industry discussion and updates. To follow Lantronix on Twitter, please visit www.twitter.com/Lantronix. View our video library on YouTube at www.youtube.com/user/LantronixInc or connect with us on LinkedIn at www.linkedin.com/company/lantronix.
© 2017 Lantronix, Inc. Lantronix, PremierWave and xPico are all registered trademarks of Lantronix Inc. MACH10 is a trademark of Lantronix Inc. Industrial Internet Consortium (IIC) is a registered trademark of Object Management Group. All rights reserved.
CONTACT: Lantronix Contact: E.E. Wang Director, Corporate Marketing and Investor Relations media@lantronix.com investors@lantronix.com 949-614-5879
