LTRX Lantronix Inc

Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling Edge Intelligence, today announced that it will demonstrate its SmartLV, the first AI-enabled IoT Edge Compute Cellular Gateway, in the Qualcomm® Technologies Booth at Hall 5/5-161 at Embedded World, March 11–13, 2025, in Nuremberg, Germany. Powered by the Qualcomm Dragonwing™ IQ-615, this groundbreaking innovation is designed specifically for low-voltage substations and distribution automation applications in next-generation smart grids, utilities and industrial sectors.

The Lantronix SmartLV demonstration in Qualcomm Technologies’ booth at Embedded World will highlight the cutting-edge Edge AI capabilities of this next-generation IoT cellular gateway, which utilizes the Dragonwing IQ-615. The SmartLV demo will showcase real-world use cases, including real-time monitoring of power consumption for a low-voltage grid. Combining this data with real-world pricing information enables grid operators to steer power and users to cost-optimize their consumption.

“Lantronix’s SmartLV exemplifies the fusion of AI and connectivity in tackling critical challenges within smart grids. Qualcomm Technologies and Lantronix are enabling DSOs to have enhanced control and insights into the distribution network, transforming how energy is delivered and consumed, and accelerating the grid transformation in Europe,” said Sebastiano Di Filippo, senior director of Business Development, Qualcomm Europe Inc.

AI at the Edge: Transforming Energy Management

SmartLV is engineered to revolutionize real-time visibility, control and automation in the energy sector, providing Distribution System Operators (DSOs) with the ability to manage and steer energy precisely when and where it’s needed. Built with advanced cybersecurity protocols and AI capabilities, the SmartLV ensures robust, reliable and secure operations for mission-critical applications, offering unmatched control over low-voltage substations and Distributed Energy Resources (DERs).

“Integrating advanced sensors, AI and decentralized computing enhances efficiency, reliability and sustainability. Powered by the Dragonwing IQ-615, the SmartLV delivers Edge AI computing features to help bring power grids into the future,” said Tom Thornton, director of Embedded Compute at Lantronix.

Innovation Fueled by a Long-Standing Collaboration

The SmartLV Gateway is the latest innovation in Lantronix’s long-standing collaboration with Qualcomm Technologies, combining Qualcomm Technologies’ industry-leading AI and connectivity capabilities with Lantronix’s expertise in IoT solutions for industrial and smart grid applications.

Availability

The SmartLV Gateway is scheduled to launch in CY 2025 with trials beginning at the end of CY 2024 for selected DSOs. For more information or to schedule a demo, visit Hall 5, MR10.

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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Lantronix Media Contact:Gail Kathryn MillerCorporate Marketing &Communications Managermedia@lantronix.com

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