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Lantronix Enters Into Cooperation Agreement With 180 Degree Capital Corp.

Aug 12, 2024•almost 2 years ago

Contract Type

partnership

IrvineInformation TechnologyHardwareSoftwareSecurityWireless

Description

Lantronix Inc. has entered into a cooperation agreement with Lantronix stockholder 180 Degree Capital Corp. Under the terms of the agreement, Narbeh Derhacobian and Kevin Palatnik will be nominated for election to the Lantronix Board of Directors at the Company’s 2024 Annual Meeting of Stockholders.

Company Information

Company

Lantronix

Location

Irvine, California, United States

About

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.

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Agreement Insights

Based on industry data

Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

Contract momentum indicator

Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months