12 MONTH TARGET: $6+ (with or without acquisition)
- LEADER IN FAST GROWING M2M SECTOR
- SOLID BALANCE SHEET (59c/share cash no debt)
- HEAVY INSIDER BUYING (All buys - no sales)
- LOW FLOAT (5 Million shares)
- TRADING AT 80% DISCOUNT OF SECTOR AVERAGES
- GLOBAL EXPANSION: CHINE/ASIA LATEST (see below); Ingram Micro - Europe; Arrow Electronics – Asia Pacific & Latin America; Mouser Electronics – Europe & Asia Pacific, Frys, Data Vision (Americas)
Lantronix (LTRX) designs and manufactures secure connectivity solutions for machine-to-machine (M2M) communications- M2M products include remote controls, computer peripherals, industrial automatic controls, medical devices, car sensors, etc
M2M market penetration is in its infancy (only about 1%). Analysts estimate that there are over 50 billion connectable machines today. With the explosive growth in smart phones, cell phones, tablets, sensors, and other devices,
LTRX' new management have positioned itself to capitalize on this explosive tech growth sector
RECENT AUGUST 2013 PRESS RELEASES/DEVELOPMENTS
On August 8, the company announced that its award-winning xPrint Server family of products for iPhones, iPads, other smart cellular devices is now be available for purchase in more than 156 cities in China, through the country's largest B2C e-commerce retailer JD. This reseller relationship marks another step in Lantronix efforts to expand its worldwide sales and distribution channels in the Asia Pacific region and build increased awareness of its full range of products.
On August 7, Lantronix announced the global availability of xPico Wi-Fi, a compact, embedded wireless device server designed for easy and fast machine-to-WiFi connectivity, especially in industrial environments. Operators and technicians can now securely access remote machines with a smart phone or tablet without having to go through the entire network.
On August 6, the company announced the opening of a new office in Shanghai, China