IRVINE, Calif., Jan. 14, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader in IoT computing and IoT connectivity solutions, is proud to announce the appointment of Daniel Quant as head of the Industry IoT (IIoT) Products and Business Line at Lantronix. Reporting directly to Lantronix Chief Strategy Officer Mathi Gurusamy, Quant will play a key role in driving Lantronix’s vision of integrating Artificial Intelligence into Industrial IoT devices to meet the growing demand for Edge Intelligence in industrial and enterprise environments .
Quant brings more than two decades of global leadership experience in Industrial IoT and advanced wireless communication technologies. He has a proven track record of driving market growth, developing innovative products and creating strategic partnerships. Prior to joining Lantronix, Quant served as vice president and general manager at Multi-Tech Systems, where he led a global business unit focused on gateways, routers and modems. His accomplishments include leading the development and adoption of low-power Wireless Access technologies for large-scale IoT deployments, BACnet LoRaWAN gateways for smart building automation, a comprehensive portfolio of LTE Private User Devices, and the early market introduction of 5G NR RedCap in Enterprise Private Networks.
“We are thrilled to welcome Daniel to Lantronix,” said Gurusamy. “Daniel’s exceptional expertise in Industrial IoT, combined with his ability to blend strategy and innovation, will significantly enhance our ability to bring the most powerful AI intelligence solutions to the forefront of the industrial and enterprise markets.”
Throughout his career, Quant has led the launch of cutting-edge IoT solutions, including the world’s first LoRa-based Network Gateway and Edge Computing Modules and the first Cat.M1 LTE devices approved for use on the AT&T network. His efforts have driven significant market diversification into sectors such as energy, utilities and smart buildings. A thought leader in the IoT space, Quant has actively contributed to international standards bodies and industry alliances, including the LoRa Alliance, 3GPP, CTIA, OnGo Alliance, Entelec and the Utility Broadband Alliance.
“I am honored and excited to join Lantronix at such a transformative time,” said Quant. “The opportunity to lead its Industrial IoT Product and business line and bring AI-driven intelligence to cutting-edge devices is challenging and exciting. I look forward to collaborating with Lantronix’s talented team to develop innovative solutions that redefine the way industries operate and thrive.”
Quant holds a bachelor’s degree in engineering, including honors in Electronic System Engineering, and has completed advanced studies in Machine Learning from MIT. His technical expertise, combined with his strategic business acumen, will help drive Lantronix’s mission to provide secure and intelligent solutions that enable customers to unlock the full potential of their data.
About Lantronix
Lantronix Inc. is a global leader of computing and IoT connectivity solutions targeting high-growth industries including Smart Cities, Automotive and Enterprise. Lantronix products and services empower companies to succeed in growing IoT markets by providing customizable solutions that address every layer of the IoT Stack. Lantronix’s most advanced solutions include Intelligent Substation infrastructure, Infotainment Systems and Video Surveillance, complemented by advanced Out-of-Band (OOB) Management for Cloud and Edge Computing.
For more information, visit Lantronix website.
Safe Harbor Statement Under the Securities Private Affairs Reform Act of 1995: This news release contains forward-looking statements within the meaning of the federal securities laws, including, without limitation, statements related to the management of Lantronix. 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 future. in search of the statement contained in this notice. Potential risks and uncertainties include, but are not limited to, factors such as the effects of adverse economic conditions or regional and global deterioration or market volatility on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruptions in our supply chains and those of our suppliers and vendors due to the COVID-19 pandemic or other outbreaks, recent wars and tensions in Europe, Asia and the Middle East, or other factors; future responses and effects of public health crises; cyber security risks; changes in applicable US and foreign government laws, regulations and tariffs; our ability to successfully implement our acquisition strategy or integrate acquired companies; the difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the limitations in our debt covenants; 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 (“SEC”) on September 9, 2024, including the section entitled “ Factors risk” in Item 1A of Part I of that report, as well as in our other public filings with the SEC. Other risk factors may be identified from time to time in our filings In addition, actual results may change as a result of additional risks and uncertainties that we are not currently aware of or that we do not currently view as material to our business.For these reasons, investors are cautioned not to rely on no forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intention or obligation to update any forward-looking statements after the date hereof. with actual results or with changes in our opinions or expectations, except as required by applicable law or Nasdaq Stock Market LLC rules. If we update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.
