LTRX - Lantronix to Display New Cloud Software Platform and Telematic Trackers at IoT Solutions World Congress | Benzinga
IRVINE, Calif., May 16, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global leader in compute and connectivity IoT solutions, today announced that its innovative Percepxion® Cloud Software Platform and new FOX4 and Bolero 43 edge compute telematic trackers will debut at the upcoming IoT Solutions World Congress from May 21–23, 2024, at Barcelona's Gran Via Venue. Lantronix will also preview its upcoming Tracx centralized, browser-based hub for comprehensive fleet and asset management. Lantronix will display its products at booth B98.
Mathi Gurusamy, chief strategy officer at Lantronix, shared, "We're excited to present our newest solutions, including the Percepxion Cloud Software Platform and our expanded line of hardware products, at this year's IoT Solutions World Congress. Lantronix is the go-to source for IoT success, providing a suite of reliable, secure and easy-to-deploy solutions, all supported by its exceptional service team."
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, reaching 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.
Introducing Tracx: A Revolutionary Hub for Fleet and Asset Management
The soon-to-launch Tracx platform is a centralized, browser-based hub designed to revolutionize fleet and asset management. This comprehensive tool allows users to effortlessly track, dispatch, monitor and extract valuable insights from their assets through a single, streamlined platform.
New From Lantronix
- Percepxion Cloud Software Platform: Integrated within Lantronix's award-winning IoT gateways, routers and more, this platform offers robust, secure device lifecycle management. It's designed for intuitive use across global edge deployments, making it easier than ever to manage IoT needs efficiently.