IRVINE, Calif., March 20, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions, today announced the addition of the new M114 CAT-1BIS modem to its family of M110 mobility solutions. Available now in EMEA markets, the M114 CAT-1BIS is a serial-to-cellular modem that comes pre-configured with Lantronix’s new Percepxion™ IoT software to provide secure, comprehensive device lifecycle management at the edge.
“The cellular router and gateway market is driven by the growing need to connect assets and workforces in remote and temporary locations as enterprises digitalize their operations,” said Jacques Issa, vice president of Marketing at Lantronix Inc. “A trusted resource for IoT solutions that deliver reliable and secure connectivity at the edge, Lantronix is pleased to expand its M110 mobility solutions family with the new M114 CAT-1BIS modem.”
According to Berg Insight, the estimated annual global shipments of cellular modems/gateways amounted to 5.6 million units in 2022, which generated annual revenues of $1.4 billion with the market value in the European region accounting for $366 million. Berg Insight also forecasts that the global market will grow at a CAGR of 12.1 percent in the next five years, reaching $2.5 billion in 2027.
Delivered in a cost-effective, small form factor, the low-power M114 CAT-1BIS modem provides serial-to-cellular communication with the coverage, reliability and speeds of the existing CAT-1 network, using a single antenna design. It is ideal for industrial applications, including automation, M2M, door control systems, escalators, elevators and machine sensors.
The M114BIS modem’s key features include:
- Compact Design. With a low footprint and small form factor (60 x 66 x 21.7 mm), M114BIS is ideal for use where space is at a premium.
- Low-Power Consumption. Its low-power requirement makes it ideal for remote applications where power may be limited or where power efficiency is important.
- Speedy Device Deployment and Remote Management. The M114BIS is pre-configured for use with Lantronix’s Percepxion Cloud IoT Edge Solutions Platform which delivers a single pane-of-glass for device deployment and lifecycle management.
- Connectivity Services. The M114 CAT-1BIS is compatible with Lantronix Connectivity Services, an IoT cellular platform that simplifies connecting a global array of IoT devices on every network using a single Global or EMEA SIM card.
Learn more about Lantronix’s M110 series gateways here.
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 succeed 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.
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Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949-212-0960
Lantronix Analyst and Investor Contact:
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Chief Financial Officer
investors@lantronix.com
949-450-7241
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/47250d57-73d8-480e-93a8-f4235addd019
