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Lantronix Wins Leading Industry Product of the Year Award for Innovative Solutions in Drone Development

1. Lantronix's Open-Q SOM won a 2025 IoT Evolution Product of the Year Award. 2. The company has secured significant partnerships in drone technology development. 3. Their solutions comply with stringent U.S. security regulations for defense applications. 4. Advanced AI capabilities position Lantronix favorably in the IoT and defense markets. 5. Growth in drone market could lead to sustained revenue increases for LTRX.

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Why Bullish?

The award recognition and defense contracts are likely to enhance investor confidence and promote stock growth, akin to past events where product innovations led to price surges.

How important is it?

The announcement reflects both product excellence and strategic market focus, crucial for LTRX's future growth.

Why Long Term?

The defense contracts and expanding drone market suggest that LTRX is set for continued growth, similar to historical trends seen in tech companies capitalizing on government contracts.

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TDYRCAT
IRVINE, Calif., Sept. 10, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions powering Edge AI applications, today announced that its TAA/NDAA-compliant Open-Q™ System-on-Module (SOM) that is used in drone development for key manufacturers of defense unmanned aerial vehicles has won a 2025 IoT Evolution Product of the Year Award from IoT Evolution World, the leading Web site covering IoT technologies. “By strategically focusing on the drone market, Lantronix has successfully collaborated in the development of advanced technology that has contributed to bringing to market drone products for 10 manufacturers,” said Mathi Gurusamy, chief strategy officer at Lantronix. “We are very proud to enable advanced thermal image processing and AI at the Edge with our Open-Q SOM solutions.” “As a leader in the multi-billion-dollar IoT industry, Lantronix has made its mark by delivering cutting-edge Industrial IoT solutions that empower drone developers to bring camera and compute expertise to the real world. It is my pleasure to congratulate Lantronix for its innovative work and superior contributions to the drone industry and to the rapidly evolving IIoT business overall,” said Rich Tehrani, CEO of TMC, a co-publisher of IoT Evolution. Lantronix’s Open-Q SOM solution is currently used in the Teledyne/FLIR thermal cameras for drones and was recently selected by Teal Drones, a Red Cat Holdings Inc. company, for production of its Black Widow™ drones under the U.S. Army’s Short-Range Reconnaissance (SRR) Program. Based on the Qualcomm® Dragonwing™ QRB5165 processor, Lantronix’s solution delivers advanced Edge AI processing while meeting stringent U.S. security requirements, enabling full TAA and NDAA compliance for deployment in sensitive Department of Defense (DoD) missions. The combination of AI performance and compliance creates a sustainable advantage for Lantronix in the rapidly expanding defense and autonomous systems market. Learn more about Lantronix’s Engineering Services, SOM solutions and additional Drone Applications at Lantronix.com. About Lantronix Lantronix Inc. (Nasdaq: LTRX) is a global leader in Edge AI and Industrial IoT solutions, delivering intelligent computing, secure connectivity, and remote management for mission-critical applications. Serving high-growth markets, including smart cities, enterprise IT, and commercial and defense unmanned systems, Lantronix enables customers to optimize operations and accelerate digital transformation. Its comprehensive portfolio of hardware, software, and services powers applications from secure video surveillance and intelligent utility infrastructure to resilient out-of-band network management. By bringing intelligence to the network edge, Lantronix helps organizations achieve efficiency, security, and a competitive edge in today’s AI-driven world. For more information, visit the Lantronix website. ©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners. “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix products or leadership team. 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, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024, including in the section entitled “Risk Factors” in Item 1A of Part I of that 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. In addition, actual results may differ as a result of additional risks and uncertainties about which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections. Lantronix Media Contact:media@lantronix.com 949-212-0960  Lantronix Analyst and Investor Contact:investors@lantronix.com

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