IRVINE, Calif., June 03, 2020 (GLOBE NEWSWIRE) -- Lantronix Inc. (LTRX) - Get Report, a global provider of intelligent edge and secure data management solutions for the Industrial Internet of Things (IoT), today announced that its xPico 250 IoT gateway is being used by Tangen Biosciences in the development of its rapid and sensitive molecular diagnostic test for detection of SARS-CoV-2, the causative agent for COVID-19.
"Lantronix's xPico 250 IoT gateway gave us the small, secure multi-protocol connectivity solution we needed for our GeneSpark TM analyzer on which our COVID-19 molecular assay will be running," said Ting Yi, Ph.D., MBA and Director of Business Development for Tangen Biosciences Inc. "With the xPico 250, we will be able to accelerate the timeline to deliver the GeneSpark design in compliance with the FDA's Emergency Use Authorization."
To create the portable device for point-of-care use, the Tangen team chose Lantronix's xPico 250 IoT gateway to meet the size constraints needed for its GeneSpark device. xPico 250 also met Tangen's need for WPA-2 Enterprise Security requirements and support of Ethernet, Wi-Fi® and Bluetooth®.
Upon approval, Tangen's COVID-19 molecular test will be manufactured for distribution to the world. The small footprint of the GeneSpark device and simple workflow of the assay will enable Tangen's COVID-19 testing to be performed in a variety of settings, including hospitals and laboratories, quarantine rooms, physicians' offices, urgent care, assisted living facilities and other remote locations as needed.
"In today's world of critical medical equipment needs, we at Lantronix are dedicated to providing IoT and intelligent edge solutions, enabling our customers to deliver medical solutions that securely and remotely help the diagnoses and treatment of COVID-19 patients," said Jonathan Shipman, VP of Strategy at Lantronix Inc. "Keeping medical professionals and staff safer during patient engagement is paramount in the fight against COVID-19."
About xPico 250 Series Embedded Wi-Fi and Bluetooth Combo IoT GatewaysDelivering seamless and secure Ethernet, Wi-Fi and Bluetooth connectivity, the Lantronix xPico 250 line of embedded IoT gateways enables OEMs to build and deploy smart connected products with reduced complexity and lower risk.
About Lantronix Lantronix, Inc. is a global provider of engineering services, hardware, and software solutions for Edge Computing, the Internet of Things (IoT), and Out-of-Band Management (OOBM). Lantronix enables its customers to provide reliable and secure IoT Intelligent Edge and OOBM solutions while accelerating time to market. Lantronix's products and services dramatically simplify the creation, development, deployment, and management of IoT projects while providing quality, reliability and security across hardware, software, and solutions.
With three decades of proven experience in creating robust IoT technologies and OOBM solutions, Lantronix is an innovator in enabling its customers to build new business models, leverage greater efficiencies and realize the possibilities of the Internet of Things. Lantronix's solutions are deployed inside millions of machines at data centers, offices, and remote sites serving a wide range of industries, including energy, agriculture, medical, security, manufacturing, distribution, transportation, retail, financial, environmental and government.
Lantronix is headquartered in Irvine, California. For more information, visit www.lantronix.com .
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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements related to our solutions and technologies and use of our xPico 250 in the development of rapid and sensitive molecular diagnostic test for detection of SARS-CoV-2, the causative agent for COVID-19 and the potential effects on future business, are forward-looking statements. 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; the impact of the COVID-19 outbreak on our employees, supply and distribution chains, and the global economy; 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, 2019, filed with the Securities and Exchange Commission (the "SEC") on September 11, 2019, including in the section entitled "Risk Factors" in Item 1A of Part I 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.
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