Lantronix Appoints Philip Brace to Its Board of Directors

IRVINE, Calif., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Lantronix Inc. (the “Company”) (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced that technology executive Philip Brace is joining the Company’s Board of Directors as an independent director, effective Aug. 8, 2023. Following the appointment of Brace, the Board will comprise of six directors, all of whom are independent under applicable listing standards of the Nasdaq Stock Market.

“We are very pleased to have Phil Brace join our Board of Directors,” said Jeremy Whitaker, interim CEO and CFO of Lantronix. “Phil’s extensive knowledge and experience in high technology industries will provide a fresh perspective and tremendous insight to help us achieve our business goals.”

Brace has 30 years of experience in the semiconductor, server, IoT and storage industries and has served in multiple roles across various disciplines, including software, hardware, engineering, marketing and sales. His most recent role was as president and CEO of Sierra Wireless Inc. from July 2021 to January 2023, where he led the company through operational improvements that increased profits by more than 100 percent and grew revenue by more than 40 percent. Prior to this, Brace served as executive vice president of Veritas Technologies from 2019 to 2021 and president of Cloud Systems and Electronic Solutions at Seagate Technology from 2015 to 2017. Brace began his career at Intel Corporation and LSI Corporation holding various engineering and management roles.

Brace received his bachelor’s of Applied Science degree in Computer Engineering from the University of Waterloo and his master’s degree in Electrical Engineering from California State University, Sacramento.

About Lantronix

Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware.

Lantronix enables its customers to accelerate time to market and increase operational up-time and efficiency by providing reliable, secure and connected Intelligent Edge IoT and Remote Management Gateway solutions.

Lantronix’s products and services dramatically simplify the creation, development, deployment and management of IoT and IT projects across Robotics, Automotive, Wearables, Video Conferencing, Industrial, Medical, Logistics, Smart Cities, Security, Retail, Branch Office, Server Room and Datacenter applications. For more information, visit the Lantronix website.

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© 2023 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949-212-0960

Lantronix Analyst and Investor Contact:
Jeremy Whitaker
Chief Financial Officer
investors@lantronix.com
949-450-7241

Lantronix Sales:
sales@lantronix.com
Americas +1 (800) 422-7055 (US and Canada) or +1 949-453-3990
Europe, Middle East and Africa +31 (0)76 52 36 744
Asia Pacific + 852 3428-2338
China + 86 21-6237-8868
Japan +81 (0) 50-1354-6201

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/db8baedf-2bc5-476c-995f-18995fdad684