|View printer-friendly version|
|Lantronix Continues Global Expansion With New Customers and Leadership in 2008 Financial Year|
Implements Corporate Restructuring Plan and Launches ManageLinx Product Suite to Propel Profitability and Growth
IRVINE, CA, Sep 23, 2008 (MARKET WIRE via COMTEX News Network) -- Lantronix, Inc. (NASDAQ: LTRX), a leading provider of secure, remote device networking and data center management technologies, today announced corporate growth and record revenue for their flagship product line for its 2008 fiscal year, ending June 30, 2008. Lantronix continues to bring remote device access and IT management solutions to a worldwide market, as the company's EMEA region saw a 19% growth and the Asia Pacific lead with 22% expansion.
In addition, Lantronix debuted ManageLinx(TM), a new remote product service-enablement platform that brings secure, remote access to firewall-protected devices. The product suite, currently in trial with several large customers, is an integral component of Lantronix's portfolio of network connectivity and IT management solutions. Combined with the company's flagship product families DeviceLinx and SecureLinx, ManageLinx completes Lantronix's full offering of remote access products and services.
Lantronix also appointed Jerry Chase as chief executive officer, which brought a renewed strategic direction to drive profitability and growth and bring the company's focus back to its customers. As a result, Lantronix launched an award-winning business partner program to help strengthen relationships further and reward channel partners for their commitment to the organization.
"Lantronix has always been dedicated to providing top-of-the-line remote connectivity and control solutions that allow our customers to access and manage their equipment, regardless of their location," said Jerry Chase, chief executive officer at Lantronix. "We're coming off of a strong financial year, which includes our third consecutive quarter of record growth in our XPort(R) device networking revenues. I'm very excited to build on this success and continue to be a global leader in providing device connectivity and management solutions."
For further information on Lantronix and its solutions, please visit www.lantronix.com.
To receive an RSS feed of all Lantronix's news, please visit www.lewiswire.com/us and click on subscribe.
Lantronix, Inc. (NASDAQ: LTRX) is a global leader of secure communication technologies that simplify remote access, management and control of any electronic device. Its solutions empower businesses to make better decisions based on real-time information, and gain a competitive advantage by generating new revenue streams, improving productivity and increasing efficiency and profitability. Easy to integrate and deploy, Lantronix products remotely connect and control electronic equipment via the Internet; provide secure remote access to firewall-protected equipment; and enable remote management of IT equipment over the Internet. Founded in 1989, Lantronix serves some of the largest security, industrial and building automation, medical, transportation, retail/POS, financial, government, consumer electronics/appliances, IT/data center and pro-AV/signage entities in the world. The company's headquarters are located in Irvine, Calif. For more information, visit www.lantronix.com
SOURCE: Lantronix, Inc.