Bruce Edwards and Kurt Busch Elected to Lantronix Board of Directors

Fri Nov 16, 2012 8:00am EST

* Reuters is not responsible for the content in this press release.

  IRVINE, CA, Nov 16 (Marketwire) -- 
Lantronix, Inc. (NASDAQ: LTRX), a leading global provider of smart M2M
connectivity solutions, today announced that technology industry veteran
Bruce Edwards and Lantronix president and CEO Kurt Busch were elected to
the company's board of directors at the company's annual stockholders
meeting on November 12, 2012.

    Current directors Bernhard Bruscha, Paul Folino and Hoshi Printer were
also elected at the annual stockholders meeting. 

    Edwards, 59, currently serves as a director of Semtech Corporation, a
supplier of analog and mixed signal semiconductor products and Emulex
Corporation, a premier global provider of advanced storage networking
infrastructure solutions. In February 1996, he joined Powerwave
Technologies Inc., a designer, manufacturer and supplier of advance
coverage and capacity solutions for the wireless communications industry,
as CEO, president and a director. In February 2005, Edwards became
executive chairman and retired from Powerwave in November 2007. During
his 12 years at Powerwave, revenues grew from $36 million to $780
million. Prior to Powerwave, Edwards was executive vice president, chief
financial officer and director of AST Research Inc., a personal computer
company.

    In his new role, Edwards was elected by the board to serve as
Compensation Committee chair and as a member of the board's Audit
Committee and Corporate Governance and Nominating Committee. Edwards
succeeds former independent director John Rehfeld who retired following
the company's annual stockholders meeting. 

    "On behalf of Lantronix, I would like to extend our gratitude and thanks
to former director John Rehfeld. John was a valued member of the board as
we transitioned to a new management team and put in place a new strategy
to establish long-term growth and value for the company," said Chairman
Bernhard Bruscha. "At the same time, we are thrilled to welcome an
executive of Bruce Edwards' exceptional quality to the board. Bruce
brings more than 25 years of real world experience as a successful
technology CEO, CFO and director. His proven track record in growing
companies, in-depth understanding of the technology business and his deep
connections in the industry make him a highly valued addition to
Lantronix."

    "I'm pleased to be joining Lantronix as the company pursues the second
phase of its strategic plan to achieve profitable growth," said Edwards.
"I look forward to working with the board and CEO Kurt Busch to help
guide the company during this exciting time in its development and to
help build value for our shareholders."

    Kurt Busch, 42, has served as Lantronix president and CEO since August
2011. Prior to joining Lantronix, he served in senior leadership
positions at Mindspeed Technologies, a leading supplier of semiconductor
solutions for network infrastructure solutions. Prior to Mindspeed,
Busch's experience included business development roles at Analog Devices,
as well as roles in engineering, sales, marketing and general management
at Digital Equipment Corporation (DEC), Intel, and two Silicon Valley
start-ups.

    "Since joining the company last August, Kurt has demonstrated a strength
of leadership that has translated into measurable, significant
operational and financial results for Lantronix," said Bruscha. "Kurt's
accomplishments, combined with his energy, dedication and
solutions-oriented management style make him a welcome and valued
addition to the board of directors."

    About Lantronix

    Lantronix, Inc. (NASDAQ: LTRX) is a global leader of secure 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. 

    For more information, visit www.lantronix.com. The Lantronix blog,
http://www.lantronix.com/blog, features industry discussion and updates. 

    Forward-Looking Statements
 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.

    

Investor Relations Contacts:

Lantronix, Inc.
Jeremy Whitaker
Chief Financial Officer
(949) 453-3990

E.E. Wang Lukowski
investors@lantronix.com
949-614-5879 

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