Lantronix Enters Into Sales, Marketing and Distribution Agreement
With Arrow Electronics
Multi-Billion Dollar Global Distribution Leader to Sell and
Distribute Lantronix Products Throughout EMEA Region
IRVINE, CA--(Marketwired - Feb 18, 2014) - Lantronix, Inc.
(NASDAQ: LTRX), a leading global provider of smart IoT (Internet of
Things) connectivity solutions, today announced it has signed an
agreement with Arrow Electronics, Inc. (NYSE: ARW) providing for
sales and marketing programs, product delivery and distribution
services for Lantronix products throughout the Europe, Middle East
and Africa (EMEA) regions. Arrow Electronics -- a leading
global provider of electronic components and technology solutions
-- has been a long standing distributor for Lantronix in the North
America and Asia Pacific Regions.
"Lantronix has proven to be an excellent supplier, delivering
world-class, innovative products for IoT (Internet of Things)
applications," said Guido Resch, vice president semiconductor
marketing, Arrow EMEA. "We are pleased to collaborate with
Lantronix, and look forward to kicking off our expanded
relationship at this month's Embedded World conference in
Nurnberg."
The new collaboration with Arrow Electronics expands the
Lantronix' sales and marketing reach, as well as its distribution
network throughout the EMEA region, including: Andorra, Armenia,
Austria, Azerbaijan, Belarus, Belgium, Bosnia-Hercegovina,
Bulgaria, Croatia, Czech Republic, Denmark, Egypt, Estonia,
Finland, France, Germany, Greece, Hungary, Ireland, Israel, Italy,
Kazakhstan, Kyrgyzstan, Latvia, Lichtenstein, Lithuania,
Luxembourg, Macedonia, Moldova, Monaco, Montenegro, Morocco,
Netherlands, Norway, Poland, Portugal, Romania, Russia, San Marino,
Serbia, Slovakia, Slovenia, South Africa, Spain, Sweden,
Switzerland, Tajikistan, Tunisia, Turkey, Turkmenistan, Ukraine,
United Kingdom, Uzbekistan, and Vatican City.
"A key element in our European growth strategy is aligning
Lantronix with world-class partners such as Arrow Electronics,"
said Martin Poppelaars, vice president of sales for Lantronix
EMEA. "We have a long and successful history partnering with
Arrow in the North American and Asia Pacific regions, and we
believe this agreement will enable us to better leverage Arrow's
global distribution network to grow our business in EMEA. We
look forward to deepening our relationship with Arrow through this
new collaboration."
About Lantronix Lantronix, Inc. (NASDAQ: LTRX) is a global
leader of secure communication technologies that simplify access
and communication with and between virtually any electronic device.
Our smart M2M (machine to machine) and IoT (Internet of Things)
connectivity solutions enable sharing data between devices and
applications to empower businesses to make better decisions based
on real-time information, and gain a competitive advantage by
generating new revenue streams, improving productivity and
increasing efficiency and profitability. Easy to integrate and
deploy, Lantronix products remotely and securely connect electronic
equipment via networks and the Internet. Founded in 1989, Lantronix
products have applications in every industry, including medical,
security, industrial and building automation, transportation,
retail, POS, financial, government, consumer electronics, and
IT/data center. The Company's headquarters are located in Irvine,
California. For more information, visit www.lantronix.com. The
Lantronix blog, http://www.lantronix.com/blog, features industry
discussion and updates. To follow Lantronix on Twitter, please
visit http://www.twitter.com/Lantronix.
Forward-Looking Statements This news release contains
forward-looking statements, including statements concerning our
business plans. We have based our forward-looking statements on our
current expectations and projections about trends affecting our
business and industry and other future events. Although we do not
make forward-looking statements unless we believe we have a
reasonable basis for doing so, we cannot guarantee their accuracy.
Forward-looking statements are subject to substantial risks and
uncertainties that could cause our results or experiences, or
future business, financial condition, results of operations or
performance, to differ materially from our historical results or
those expressed or implied in any forward-looking statement
contained in this news release. Some of the risks and uncertainties
that may cause actual results to differ from those expressed or
implied in the forward-looking statements are described in "Risk
Factors" in our Annual Report on Form 10-K and our Form 10-Qs filed
with the Securities and Exchange Commission, or SEC, as well as in
our other filings with the SEC. 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.
© 2014 Lantronix, Inc., Lantronix, and xPrintServer are
registered trademarks of Lantronix, Inc. in the United States and
certain other countries. All other trademarks and trade names
are the property of their respective holders. Specifications
subject to change without notice. All rights reserved.
Media Contacts: Stephanie Olsen Lages & Associates, Inc.
stephanie@lages.com +1.949.453.8080 Rosie Anderson TOUCHDOWNPR
randerson@touchdownpr.com +44 1252 717040 Investor Contact: E.E.
Wang investors@lantronix.com +1.949.614.5879 Company Contact: Mark
D. Tullio Lantronix mark.tullio@lantronix.com +1.949.453.7124
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