Lantronix Announces New FOX4 and Bolero 43 Edge Compute Trackers,
Expanding Its Award-Winning Telematic Gateways Family
Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and
connectivity IoT solutions, today launched its new FOX4 and Bolero
43 edge compute tracker telematic gateways. Designed for assets and
fleet management, both products come pre-configured with
Lantronix’s Percepxion™ IoT edge software platform, which provides
secure, comprehensive IoT device provisioning and management. The
two new products were showcased in the Lantronix booths at Embedded
World 2024 (Hall 3, booth 356) held April 9–11, 2024, in Nuremberg,
Germany, and ISC West 2024 (booth 7117) held April 10–12, 2024, in
Las Vegas.
Ursula Hess, CEO of Quantum Aviation, a customer of Lantronix
telematic products, said, “Utilizing Lantronix’s
FOX Series Telematic Gateways, we are able to feed reliable,
real-time data to our cloud-based software solution, which gives
our aviation customers access to critical information for real-time
visibility and actions as well as long-term analytics.”
According to Berg Insight, the global shipments of aftermarket
telematic devices will grow at a CAGR of 10.5 percent in the next
five years to reach 77.6 million units in 2027 for a total market
value estimated to reach $3.7 billion by 2027. Lantronix’s
innovative hardware and software effectively target this market,
supporting these growth trends.
"Our new telematic devices provide a complete package that
merges connectivity and cloud device management with award-winning
hardware,” said Jacques Issa, VP of Marketing for Lantronix.
“Lantronix is committed to innovation by introducing integrated
hardware and software products where ease of use in customizing,
on-boarding and provisioning remotely is paramount.”
The FOX4 Edge Compute Tracker
The latest upgrade in Lantronix’s FOX series, the FOX4 Edge
Compute Tracker offers seamless integration of cellular and GNSS
technologies, now enriched with BLE and Wi-Fi® connectivity,
alongside advanced security features. FOX4 is engineered for
versatility, and its design is optimal for a wide range of
applications, from industrial complexes to urban landscapes. FOX 4
also offers the capability to support both internal and external
antennas.
With robust support for PFAL scripting, LUA, MQTT, Azure and
REST API, the FOX4 Series Trackers ensure that the user’s product
can seamlessly communicate with virtually any telematics platform,
reducing development time and accelerating the path to market.
The Bolero 43 Edge Compute Tracker
The Bolero 43 Edge Compute Tracker excels in asset and fleet
management and Industrial IoT applications, such as manufacturing
and automation. A derivative of the FOX4 series, the Bolero 43
integrates into the same ecosystem and uses the same programming
languages. Designed for harsh environments, the Bolero 43 features
an IP68 rating and a rugged design for durability. It is now
globally available.
Both the FOX4 and Bolero 43 Edge Compute Trackers feature
customization capabilities that are facilitated by the intuitive
Workbench tool, enabling easy customizations from performance
optimization to unique functionality integration.
Uninterrupted Uptime With Lantronix Connectivity
Services SIM Card
FOX4 and Bolero 43 Series Telematic Gateways come preinstalled
with Lantronix’s Connectivity Services SIM card that empowers users
with a wide range of carrier options, allowing them to select the
most suitable network provider, including industry leaders such as
Verizon, AT&T and T-Mobile in North America as well as multiple
carriers in the Europe and Asia Pacific regions.
Percepxion Service for Lantronix IoT Device Lifecycle
Management
Delivered as a service, the Percepxion IoT edge software
platform provides comprehensive device management through an
intuitive single-pane-of-glass dashboard. Percepxion efficiently
scales IoT edge deployments, including telematic gateways, from
regional to global installations. This service will position
Lantronix to target Annual Recurring Revenue (ARR) growth in the
coming year.
Learn more about Percepxion and review its 60-day free trial
offer here.
About Lantronix
Lantronix Inc. is a global provider of compute and connectivity
IoT solutions that target high-growth industries including Smart
Cities, Automotive and Enterprise. Lantronix’s products and
services empower companies to achieve success in the growing IoT
markets by delivering customizable solutions that address each
layer of the IoT Stack. Lantronix’s leading-edge 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: 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, as well as the FOX4, Bolero 43 and
Percepxion, 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; in our
Quarterly Report on Form 10-Q for the fiscal quarter ended Dec. 31,
2023, filed with the SEC on Feb. 8, 2024, including in the section
entitled “Risk Factors” in Item 1A of Part II 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.
© 2024 Lantronix, Inc. All rights reserved. Lantronix is a
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Lantronix Media
Contact: Gail
Kathryn MillerCorporate Marketing &Communications
Managermedia@lantronix.com949-212-0960
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WhitakerChief Financial Officerinvestors@lantronix.com
949-450-7241