Key Developments: Lantronix Inc (LTRX.PH)
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26 Oct 2011
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Latest Key Developments (Source: Significant Developments)
Lantronix Inc And Mouser Expand Distribution Agreement Globally
Lantronix Inc announced it has expanded its distribution agreement with Mouser Electronics, design engineering resource and global distributor for semiconductors and electronic components. Under the new agreement, Mouser will expand the reach and availability of Lantronix(R) products globally. With the new global distribution agreement in place, both design engineers and buyers will be able to source and purchase from Mouser a line of M2M connectivity solutions that enable data sharing between devices and applications, which empower businesses to make better decisions based on real-time information -- improving productivity and efficiency. Easy to integrate and deploy, Lantronix products remotely and securely connect electronic equipment via networks and the Internet. Full Article
Lantronix, Inc. Announces Changes To Board Of Directors
Lantronix, Inc. announced that Chairman Thomas M. Wittenschlaeger has resigned in order to focus on his additional responsibilities as Chief Executive Officer (CEO) and Principal Financial Officer of Keyon Communications Holdings, Inc. and as the Chief Technologist of NantCloud. The Board also appointed Bernhard Bruscha, Lantronix founder, current board member and shareholder, as Chairman of the Board. Full Article
Lantronix, Inc. Announces Partial Exercise Of Over-Allotment Option Related To Closing Of Common Stock Offering
Lantronix, Inc. announced the sale of 151,400 shares of common stock pursuant to the partial exercise of the over-allotment option granted to the underwriters of the previously announced public offering. The shares were sold at $2.50 per share. As a result of the exercise of the over-allotment option, the Company received net proceeds of approximately $348,000 after deduction of underwriting discounts and other estimated offering expenses payable by the Company. Roth Capital Partners served as the sole manager in the offering. Full Article
Lantronix, Inc. Prices Public Offering Of Common Stock
Lantronix, Inc. announced the pricing of its previously-announced public offering of common stock. The Company agreed to sell a total of 2,200,000 shares at a price of $2.50 per share (exclusive of 330,000 shares that the underwriter may purchase pursuant to a 30-day option to cover over-allotments). Net proceeds of the offering of approximately $4,915,000, will be used for general corporate purposes. The offering is expected to close on May 1, 2012. Roth Capital Partners served as the sole manager in the offering. Full Article
Lantronix, Inc. Announces Private Placement Of Common Stock
Lantronix, Inc. announced that it has sold 1,605,709 shares of unregistered common stock to TL Investments GmbH, its shareholder, in a private placement transaction at $2.8025 per share, for aggregate proceeds of $4,500,000. No discounts were offered and the common stock was priced at $0.0025 above the Nasdaq closing price of $2.80 on April 24, 2012. TL Investments GmbH is beneficially owned by Bernhard Bruscha a founder and director of Lantronix, Inc. The Company is under no obligation to file a registration statement with the U.S. Securities and Exchange Commission to register the resale of the shares of common stock issued in the private placement. The Company intends to use the net proceeds from this private placement for general corporate purposes. Full Article
Lantronix, Inc. Launches xPrintServer: Wireless Printing Solution For iPad And Apple iOS Devices
Lantronix, Inc. announced the launch of its new patent-pending xPrintServer, the first Apple iOS print server compatible with the iPad 2, iPad, iPhone, iPod touch, and virtually any device running Apple’s iOS mobile operating system. The xPrintServer is available for pre-ordering now at store.Lantronix.com. The product will begin shipping in the first calendar quarter of 2012, Full Article
Lantronix, Inc. Appoints Jeremy Whitaker As Chief Financial Officer
Lantronix, Inc. announced that it has appointed Jeremy Whitaker as Chief Financial Officer, effective immediately. Full Article
Lantronix, Inc. Chosen To Network-Enable Quadlogic's Power Line Communications Metering Technology
Lantronix, Inc. announced that Quadlogic has selected Lantronix' UDS1100 Ethernet device server to enable serial-to-Ethernet conversion in its metering systems. As a result, Quadlogic can now offer remote access, monitoring and control of its energy metering technology over Ethernet, improving communication and reducing support costs for its customers. Full Article
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