Day: September 4, 2024

Representing Lantronix’s Global and Diverse Partner Ecosystem, SmartEdge Winners Deliver Lantronix’s Award-Winning Solutions to the World

IRVINE, Calif., Sept. 04, 2024 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity IoT solutions, today announced the winners of its 2024 SmartEdge Partner Program Awards, highlighting its top channel partners in North America; Asia Pacific; and Europe, Middle East and Africa.

“This year’s SmartEdge Partner Program winners are driving worldwide sales and developing relationships with our mutual customers, contributing to Lantronix’s position as a global compute and connect leader that is enabling edge intelligence with award-winning solutions for AI, Embedded, IoT and IT applications,” said Kurt Hoff, VP of Worldwide Sales at Lantronix. “We applaud their efforts and look forward to many more years of continued mutual success.”

Lantronix’s 2024 SmartEdge award winners are:

North America
SmartEdge Partner of the Year: TD Synnex
SmartEdge Innovation Partner: WWT
SmartEdge Software & Services Partner: Charter

Asia Pacific (APAC)
SmartEdge Partner of the Year: Nexty
SmartEdge Innovation Partner: Shanghai Scopecon Technology Co., Ltd.
SmartEdge Software & Services Partner: Sheeltron Digital Pvt. Ltd.
SmartEdge Newcomer: EDOM

Europe/Middle East/Africa (EMEA)
SmartEdge Partner of the Year: Atlantik Elektronik GmbH
SmartEdge Innovation Partner: Linkwave
SmartEdge Software & Services Partner: SOL
SmartEdge Newcomer: Netsecurity

For over two decades Lantronix has been providing its channel partners with a suite of reliable, secure and easy-to-deploy solutions, including out-of-band management, switches, system of modules (SoM) and trackers. As a global leader, Lantronix helps its customers increase productivity, all while supported by the exceptional Lantronix service team. Lantronix’s channel partners serve as an important part of the Lantronix customer support ecosystem.

“Winning the Lantronix SmartEdge channel partner award signifies our exceptional success as a valued channel partner for the EMEA region, bringing advanced solutions to leading organizations throughout the world,” stated Albert Windmeisser, line manager at Atlantik Elektronik GmbH.

“We are honored to win the prestigious SmartEdge award from Lantronix, a global leader in technology,” stated Steven Chaung, senior director at EDOM Technology Co Ltd. “Validating our position as one of Lantronix’s top channel partners in the APAC region, we are grateful to partner with Lantronix in bringing its innovative, award-winning solutions to the world’s leading organizations.”

“We are very proud to win Lantronix’s SmartEdge award, which acknowledges our success as a top channel partner for North America,” stated Ryan Abel, chief revenue officer at Charter Communications. “We are pleased to bring Lantronix’s exceptional AI, Embedded, IoT and IT solutions to the world.”

Lantronix’s SmartEdge Partner Program is designed to help Value-Added Resellers (VARs) and Systems Integrators (SIs) drive revenues by differentiating their offerings with Lantronix’s innovative Industrial Internet of Things (IoT), Out-of-Band Management (OOBM) and Mobility/Connectivity solutions.

For more information on the Lantronix SmartEdge Partner Program, visit https://www.lantronix.com/partners/.

About Lantronix

Lantronix Inc. is a global leader 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.

“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 the 2024 SmartEdge Channel Partner Program, including statements about their reliability, security and flexibility industry position. 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, 2023, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 12, 2023, including in the section entitled “Risk Factors” in Item 1A of Part I of such report; in our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024, filed with the SEC on May 2, 2024, including in the section entitled “Risk Factors” in Item 1A of Part II of such 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. The forward-looking statements included in this release speak only as of the date hereof, and we do not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.

© 2024 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
[email protected]
949-212-0960

Lantronix Analyst and Investor Contact:
Jeremy Whitaker
Chief Financial Officer
[email protected]
949-450-7241

GlobeNewswire Distribution ID 9224975

Fraud and Security solution is acknowledged for its unique features and integration of advanced AI technologies

LONDON, Sept. 04, 2024 (GLOBE NEWSWIRE) — Quantexa, the global leader in Decision Intelligence (DI) solutions for the public and private sectors, today announced that its Fraud Detection solution has been awarded “Luminary” status in Celent’s 2024 Insurance Fraud Detection Solutions: Property & Casualty Insurance Report. The report highlights Quantexa’s position as a leading provider of advanced fraud detection and investigation solutions. It showcases the impact the solution has on investigative and anti-fraud teams in the insurance industry make when protecting losses and enhancing customer experiences.

Insurance fraud is on the rise; organizations in the UK recorded that false claim applications increased by 20% in the insurance sector in 2023. In the U.S it is estimated that $308.6 billion annually is lost to insurance fraud. Quantexa’s Fraud and Security solution uses AI and ML in its dynamic entity resolution and knowledge graph capabilities to ingest, match, connect, and visualize billions of data records on-demand. These records come from both internal and external sources, providing an advanced, real-time holistic view of fraud risk. Clients can use a range of scoring and anomaly detection features to develop their own detection models self-sufficiently to match their risk appetite, capacity, and book of business.

Quantexa’s solution was recognized by Celent for its differentiation, as it incorporates innovative AI technologies, such as machine learning, deep learning and natural language processing, for predictive modelling and for data quality assessment and context generation. Quantexa’s solution is also highlighted for its ability to be deployed on all major public cloud platforms globally.

The report analyzes 10 fraud detection solution providers based on their technology and functionality. Quantexa’s “Luminary” status puts them in the leadership position in the report. Celent analysts write that “Quantexa stands out as a leading fraud detection platform from both a technology and functionality perspective. Its significant investments, marquee clients, and strong market positioning suggest it will remain a top player in insurance fraud detection.”

Alex Johnson, Global Insurance Industry Lead at Quantexa, said: “Being recognized by Celent as a Luminary in anti-fraud technology validates our ongoing investment into R&D, our future vision, and the value we deliver to our clients across the globe. Leveraging cutting edge entity resolution, knowledge graph, and AI technologies in our offering gives clients the ability to stay one step ahead of bad actors.”

Nathan Golia, Senior Analyst at Celent, added: “We have a thorough process of assessing the solutions that we consider for our Fraud Detection Solutions Report. To achieve Luminary status, Quantexa excelled in both the technical and functional dimensions that we measure. The world is increasingly vulnerable to fraudsters solutions like these are essential to protect insurers, and insurers’ customers.”

To learn more about Quantexa’s “Luminary” fraud detection capabilities, and download the Celent report, visit https://www.quantexa.com/resources/insurance-fraud-report/.

About Quantexa

Quantexa is a global AI, data and analytics software company pioneering Decision Intelligence to empower organizations to make trusted operational decisions with data in context. Using the latest advancements in AI, Quantexa’s Decision Intelligence platform helps organizations uncover hidden risk and new opportunities by unifying siloed data and turning it into the most trusted, reusable resource. It solves major challenges across data management, customer intelligence, KYC, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. An independently commissioned Forrester TEI study on Quantexa’s Decision Intelligence Platform found that customers saw a three-year 228% ROI. Founded in 2016, Quantexa now has more than 750 employees and thousands of platform users working with billions of transactions and data points across the world.

Media Enquiries
C: Stephanie Crisp, Fight or Flight
E: [email protected]

OR

C: Adam Jaffe, SVP of Corporate Marketing
T : +1 609 502 6889
E : [email protected]

GlobeNewswire Distribution ID 1000989914

Setting new standards for the projector industry with epic brightness, contrast, and color reproduction—achieved all at once

Laser technology is renowned for delivering unmatched brightness and color over LED and lamp-based systems. However, the trade-off between brightness, contrast, and color has been a significant hurdle for both laser and hybrid laser/LED projectors. Typically, increasing brightness reduces contrast and oversaturates colors, while prioritizing color often results in lower brightness, compromising the overall viewing experience.

JMGO’s MALC 2.0 Triple Laser Optics breaks this barrier, enabling the N1S Series projectors to deliver up to 3,500 ANSI lumens of brightness while simultaneously maintaining an impressive 1,600:1 FOFO contrast ratio and covering 110% of BT.2020 with Δ<1 color accuracy. This means viewers can enjoy lifelike imagery with brilliant brightness, deep contrast, and precise color reproduction—without any compromise in picture quality.

Incorporating nine patented technologies, the MALC 2.0 laser engine also enhances brightness uniformity, reduces laser speckles, and improves optical efficiency—all while significantly lowering production costs. These innovations will be detailed during the press event on September 7 at 2:00 PM.

“The MALC 2.0 Triple Laser Optics embodies our relentless drive to overcome the industry’s toughest challenges,” said Forrest Li, CEO of JMGO. “As the ace of laser projection, we’re always at the forefront of R&D breakthroughs, setting new standards by delivering premium viewing experiences with uncompromised picture quality.”

At booth H20-104, Messe Berlin, JMGO will also debut its new MALC 2.0-powered projectors, including the flagship N1S Ultimate 4K. Attendees can experience these groundbreaking innovations firsthand and participate in interactive activities like the 120S Color Challenge and Space of Imagination, designed to showcase the unique strengths of MALC 2.0.

About JMGO
Since 2011, JMGO has been committed to delivering immersive large-screen experiences with portability and versatility. Integrating functional design and high-quality entertainment, JMGO strives to build an industry-first all-in-one home entertainment ecosystem that encompasses terminal, content, platform, and software for a global market.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cdb29a3c-a102-4c96-8d94-ac18b29370a0

Yiming Zhan

[email protected]

GlobeNewswire Distribution ID 9225024

Acquisition Adds Electric Motor, Generator, Mechanical, Switchgear & Circuit Breaker Service Centers to IPS’s Growing North American Network

“This acquisition will permit IPS to add locations where customers have urged us to offer services” said John Zuleger, IPS President and CEO. “These five locations will enhance our capabilities in renewables, copper mining, and power management aftermarket industrial services. Additionally, IPS will now be the home of 115 additional talented employees, and the legacy technology and expertise from the General Electric and ABB heritage of these newly acquired sites.”

The acquisition of ABB Industrial Services follows IPS’s acquisition of ABB’s hydrogenerator and transformer repair business in June 2022. The five ABB electric motor, generator, mechanical, switchgear, and circuit breaker industrial service centers were a part of a General Electric Industrial Solutions acquisition by ABB in June 2018.

“IPS has grown to 88 locations, serving the United States, Canada, the United Kingdom, Europe, and the Caribbean,” said Zuleger. “IPS aspires to become the single source, trusted advisor for our customers’ critical infrastructure challenges. With service offerings that span from power generation and industrial processes, to substations and transmission, to electrical balance of plant and electric motors, IPS delivers the widest range of services and is able to solve problems few providers can. We are committed to revolutionizing reliability, as we advance our vision and ability to respond, rethink, and resolve our customer’s biggest reliability challenges.”

About Integrated Power Services (IPS) 
Integrated Power Services (IPS) is a leading provider of service, engineering, and remanufacturing for electrical, mechanical, and power management systems. With a focus on industry-specific expertise and a comprehensive range of capabilities, IPS supports critical infrastructure across a wide range of customers. Headquartered in Greenville, South Carolina, IPS operates the largest network in the industry, with service and distribution centers, field offices, and strategically located warehouses across North America, the United Kingdom, and the Caribbean. Each IPS location is equipped to respond, rethink, and resolve complex challenges, offering access to an extensive global talent pool and resources for seamless, single-source solutions. To learn more, visit www.ips.us.

For immediate release 
Media contact: Casey Blevins, VP of Marketing
[email protected] or 864.451.5617

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d8d7aa53-e1c6-42e1-b5ef-dd18db565202

GlobeNewswire Distribution ID 9224874