IRVINE, CA--(Marketwired - Jul 26, 2016) - Lantronix, Inc. (the "Company") (NASDAQ: LTRX), a specialized networking company providing smart IoT and M2M solutions, today announced the launch of a new Lantronix subsidiary and IoT software lab in Hyderabad, India.
"The opening of our software lab in Hyderabad, India represents a significant step forward in the execution of our IoT growth strategy," said Jeff Benck, president and CEO of Lantronix. "Our executive team has been maniacally focused on securing the right incremental resources to execute our strategic product development plan, and the launch of this new facility in India is the direct result of these efforts."
Benck continued: "We believe Hyderabad, India is the perfect place to expand our engineering efforts in Asia, providing excellent access to a trained technical workforce, close proximity to over 200 engineering colleges, and a government organization that is actively engaged in creating a business-friendly environment for growth minded technology companies."
Located in southern India, Hyderabad is a global center for information technology and was ranked as one of the top cities in India to do business. The company is hosting an inauguration ceremony on July 27, 2016 to celebrate the opening of its IoT software development lab in the HiTech City area of Madhapur, Hyderabad.
Lantronix, Inc. (NASDAQ: LTRX) is a specialized networking company providing M2M (machine to machine) and IoT (Internet of Things) solutions. Our products deliver secure connectivity, device management and mobility for today's increasingly connected world. By networking and managing devices and machines that have never before been connected, we enable our customers to realize the possibilities of the Internet of Things. Founded in 1989, Lantronix pioneers robust, intelligent and easy to deploy solutions for mission critical applications in a wide range of industries, including data center, medical, security, industrial, transportation, retail, financial and government. Lantronix is headquartered in Irvine, California, with offices in Europe and Asia. For more information, visit www.lantronix.com.
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This press release contains forward-looking statements that involve risks and uncertainties. These statements include statements regarding the expected benefits of opening a software lab in India. Actual results may differ materially from the results predicted. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, unforeseen challenges to hiring and retaining qualified personnel, as well as those risks and uncertainties included under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended June 30, 2016 filed with the Securities and Exchange Commission, or SEC, as well as in our other filings with the SEC. All information provided in this release is provided as of the date of this release, and Lantronix undertakes no duty to update this information.
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