IRVINE, Calif., April 04, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions, today announced new managed gigabit PoE++ (Power over Ethernet) enterprise switches. The 8-port SM8TBT2SA, 24-port SM24TBT4SA and 24-port SM24TBT4XPA switches provide the ability to connect PoE++ and PoE+ devices to the same switch, which makes it ideal for powering and connecting multiple smart IoT appliances, such as intelligent LED lighting, smart building sensors and access points, IP cameras and surveillance systems. Lantronix will showcase these switches at ISC West, Booth 7117, in Las Vegas from April 10–12, 2024. The SM8TBT2SA, and SM24TBT4SA will be shipping in mass production in June 2024; and the SM24TBT4XPA, in July 2024.
These PoE++ switches come pre-configured with Lantronix’s Percepxion™ cloud management platform for secure control and visibility of Lantronix network switches. Percepxion benefits include the ability to perform firmware and configuration updates, automated monitoring, audit security logging administration and custom dashboards for network and PoE telemetry, all through a single pane of glass.
"Businesses demand reliability and robustness as more PoE devices are installed in their networks," stated Amir Sekhavat, senior director of Product Management & Partnerships for Superior Essex Communications, the world’s leading cable manufacturer. "When our customers use Superior Essex POWERWISE™ premise cables and Lantronix PoE switches, their networks have been failure free, and they are able to easily and effectively roll out network-intensive applications without worry."
“With advanced Layer 2 features and an intuitive user interface, these new switches are designed for edge network solutions in security, surveillance and smart building applications,” said Jacques Issa, VP of Marketing for Lantronix Inc. “Lantronix PoE switches and Percepxion cloud management software simplify installation and management for small to large-scale network deployments.”
According to Dell’Oro Group, PoE ports are forecasted to comprise more than half of total campus switch port shipments by 2028 at an estimated value of $8.2 billion. Lantronix is committed to ensuring that its customers have best-in-class PoE switches to handle a variety of applications.
Performance, Reliability and Affordability at the Edge
Ideal for security, surveillance, smart buildings, smart cities and other high-demand IoT applications, the new Lantronix switches deliver reliable end-to-end performance.
The switches include Device Management System (DMS), accessible by Percepxion on the local Web manager. DMS delivers advanced configuration and management of all IP-addressable devices on the network, including graphical network topology, floor map creator, device map view, traffic monitoring and network diagnostics for troubleshooting.
To learn more about all of Lantronix’s security and surveillance solutions, visit Lantronix at ISC West, Booth 7117, in Las Vegas from April 10–12, 2024.
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 new managed gigabit PoE++ (Power over Ethernet) enterprise switches, their performance, reliability, use, sales potential, market penetration as well as Percepxion software and our overall solutions, technologies and products 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.
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