Lantronix Appoints Saleel Awsare as President and CEO
06 November 2023 - 11:00PM
Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey
solutions for the Industrial Internet of Things (IoT) and the
Intelligent IT market, today announced that Saleel Awsare will be
joining Lantronix as President and CEO of the company, effective
Nov. 20, 2023.
Awsare comes to Lantronix from Synaptics Inc., a leading
provider of semiconductor products worldwide, where he has most
recently served as senior vice president and general manager of its
Enterprise and Mobile Division, its largest division. After joining
Synaptics in 2017, Awsare was an integral part of Synaptics’s pivot
from Mobile to the IoT and enterprise markets, a move that proved
instrumental in driving its multi-fold increase in market
valuation.
Between 2012 and 2017, prior to his tenure at Synaptics, Awsare
served in several senior roles including president of Conexant
Systems, LLC. There, he successfully positioned Conexant as a
market leader in audio and voice technologies, resulting in its
successful acquisition in 2017 by Synaptics. From 2008 to 2012,
Awsare was president of Nuvoton Technology Corporation America,
where he was responsible for U.S.-based operations.
Awsare said, “Like many in the industry, I have watched the
transformation of Lantronix over the last four years. I am honored
and excited to join the team and to help drive the execution of the
company’s growth strategy that will continue to leverage key
customer engagements with industry-leading technologies,
complemented with accretive acquisitions.”
Jason Cohenour, interim chairman of Lantronix’s board of
directors, stated, “After an extensive search, the Board selected
Saleel Awsare because of his comprehensive knowledge of the
enterprise, mobile and IoT markets as well as his incredible track
record in leading growth and profitability. I am confident that
Saleel will lead Lantronix to its next level of growth and value
creation and look forward to working with him.”
About Lantronix
Lantronix Inc. is a global Industrial and Enterprise Internet of
Things (IoT) provider of solutions that target high-growth
applications in specific vertical markets, including Smart Grid,
Intelligent Transportation, Smart Cities and AI Data Centers.
Lantronix’s history in networking and video processing as well as
its leading-edge applications include Intelligent Substations
infrastructure, Infotainment systems and Video Surveillance,
supplemented with comprehensive Out of Band Management (OOB)
solutions for Cloud and Edge Computing.
Lantronix’s solutions empower companies to achieve success in
the growing IoT and OOB markets by delivering customizable
solutions that address each layer of the IoT Stack, including
Collect, Connect, Compute, Control and Comprehend. For more
information, visit the Lantronix website.
Learn more at the Lantronix blog, which features industry
discussion and updates. Follow Lantronix on Twitter, view its
YouTube video library or connect on LinkedIn.
“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 and expectations regarding our management
and our future growth and profitability. 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, 2023, filed with the Securities and Exchange
Commission (the “SEC”) on Sept. 12, 2023, 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.
© 2023 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 MillerCorporate Marketing &Communications
Managermedia@lantronix.com949-212-0960
Lantronix Analyst and Investor
Contact:Jeremy WhitakerChief Financial
Officerinvestors@lantronix.com 949-450-7241
Lantronix Sales:
sales@lantronix.comAmericas +1 (800) 422-7055 (US and Canada) or +1
949-453-3990Europe, Middle East and Africa +31 (0)76 52 36 744Asia
Pacific + 852 3428-2338China + 86 21-6237-8868Japan +81 (0)
50-1354-6201
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/bd5f0b38-64f2-4b45-857c-bf9c425e67e4
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