IRVINE, CA--(Marketwire - Jan 29, 2013) - Lantronix, Inc. (NASDAQ: LTRX), a leading global provider of smart M2M connectivity solutions, today announced it has signed an agreement with Arrow Electronics, Inc. (NYSE: ARW) to extend Arrow's product sales programs, product delivery and distribution services for Lantronix throughout the Asia-Pacific (APAC) region. Arrow Electronics, a leading provider of electronic components and technology solutions, has been a distributor of Lantronix' products in North America for more than fifteen years.
The new arrangement will expand the Lantronix distribution network across the following territories: Argentina, Australia, Brazil, China, Hong Kong, India, Japan, Korea, Malaysia, Mexico, New Zealand, Singapore, Taiwan and Thailand.
"There is a tremendous need in the APAC region for innovative M2M connectivity solutions, and Lantronix has the track record and product offering to capitalize on the opportunity," said George Papajohn, vice president, global supplier marketing for Arrow. "We are pleased to expand our partnership with Lantronix to include APAC."
"Arrow is an industry leader and ideal partner for rapidly expanding our brand awareness and sales efforts in the APAC region," said Kurt Busch, CEO of Lantronix. "Extending our partnership with Arrow should serve to accelerate the growth in this region. We look forward to working with the Arrow team to drive Lantronix brand awareness and sales throughout Asia."
Lantronix, Inc. (NASDAQ: LTRX) is a global leader of secure M2M (machine-to-machine) communication technologies that simplify access and communication with and between virtually any electronic device. Our smart connectivity solutions enable sharing data between devices and applications to 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 and securely connect electronic equipment via networks and the Internet. Founded in 1989, Lantronix serves some of the largest medical, security, industrial and building automation, 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.
This news release contains forward-looking statements, including statements concerning our future business plans, future financial position, future results of operations and future product development strategies and schedules. These forward-looking statements are based on current management expectations and are subject to risks and uncertainties that could cause actual reported results and outcomes to differ materially from those expressed in the forward-looking statements. For a more detailed discussion of these and other risks and uncertainties, see our SEC filings, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances. If the Company does update or correct one or more of these forward-looking statements, investors and others should not conclude that the Company will make additional updates or corrections.
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