{"id":87555,"date":"2023-03-28T11:36:20","date_gmt":"2023-03-28T11:36:20","guid":{"rendered":"http:\/\/kuwaitnewsgazette.com\/?guid=adaf6bd9c17dba8270108cd33a57b7b0"},"modified":"2023-03-28T11:36:20","modified_gmt":"2023-03-28T11:36:20","slug":"lantronix-announces-new-x300-compact-cellular-iot-gateway-solution-ideal-for-mission-critical-applications","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/lantronix-announces-new-x300-compact-cellular-iot-gateway-solution-ideal-for-mission-critical-applications\/","title":{"rendered":"Lantronix Announces New X300 Compact Cellular IoT Gateway Solution, Ideal for Mission-Critical Applications"},"content":{"rendered":"
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Monitor and manage globally distributed assets with Lantronix\u2019s X300 IoT Gateway Solution, which includes hardware, cloud-based device management, cellular connectivity, advanced security and tech support<\/h4>\n
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X300 IoT Gateway<\/h5>\n<\/div>\n
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New X300 Compact Cellular IoT Gateway<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

IRVINE, Calif., March 28, 2023 (GLOBE NEWSWIRE) — Lantronix Inc.<\/a> (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced its new X300 Compact Gateway IoT Solution<\/a>. Ideal for secure mission-critical applications, the new X300 Cellular Compact IoT Gateway Solution combines Lantronix\u2019s IoT gateway hardware with a premium services subscription, including centralized device management, integrated cellular data, enhanced device security and expert technical support in an all-in-one package.<\/p>\n

\u201cAt Lantronix, we are committed to providing our customers with turnkey IoT solutions that efficiently solve their connectivity and remote device management challenges while offering expert technical support to ensure a successful deployment,\u201d said Paul Pickle, CEO of Lantronix. \u201cWith the new X300 Compact Gateway IoT Solution, our customers can rest assured that they have a reliable, easy-to-manage solution, achieving maximum uptime and data security for mission-critical applications.\u201d<\/p>\n

According to Berg insights, more than 4.5 million cellular IoT gateways were shipped globally during 2021, a 23 percent increase, at a total market value of approximately $1.15 billion as annual sales grew at a rate of 14 percent as demand recovered following the COVID-19 pandemic. Annual revenues from the sales of cellular IoT gateways is forecasted to grow at a compound annual growth rate (CAGR) of 14 percent to reach $2.18 billion by 2026.<\/p>\n

The X300 Compact Gateway IoT Solution includes:<\/p>\n