Good Morning Members,
Immediately turn your attention to LTRX (Lantronix, Inc.)!
LTRX is a specialized networking company providing M2M (machine to machine) and IoT (Internet of Things) solutions.
The company's products deliver secure connectivity, device management and mobility for today's increasingly connected world.
By networking and managing devices and machines that have never before been connected, LTRX has enabled their customers to realize the possibilities of the Internet of Things.
bout:
Founded in 1989, LTRX pioneers robust, intelligent and easy to deploy solutions for mission critical applications in a wide range of industries, including data center, medical, security, industrial, transportation, retail, financial and government.
On June 16, 2016, LTRX announced that technology investor Martin Hale Jr. is joining the board of directors as an independent director, expanding the company's board of directors to six members.
Hale, 44, currently is the founder, CEO and portfolio manager of Hale Capital Partners, a New York-based private growth equity fund. He currently serves as a director for FalconStor Software, a software-defined storage solutions provider. He has previously served as a director of several other public technology companies, including
dept Technology, Inc., a leading provider of intelligent vision-guided and autonomous robotic solutions (acquired by Omron Corporation); Telanetix, Inc., a cloud-based telecommunications service provider (acquired by Intermedia.net); and Paradigm Solutions, a cybersecurity solutions provider (acquired by CACI International, Inc.).
Before founding Hale Capital Partners in 2007, he was a managing director and member of the founding team of Pequot Ventures, where he was responsible for helping to manage seven funds with approximately $2 billion in assets under management. He earned a bachelor of arts degree cum laude from Yale University.
"I'm excited to have a director of Martin's caliber joining our board," said Jeffrey Benck, president and CEO of LTRX. "Martin's nearly 20 years of financial leadership and reputation as a successful long-term strategic investor in emerging microcap companies is well established. His experience in the technology sector and his proven track record in creating shareholder value will make him a valued addition to Lantronix."
"Hale Capital Partners' strategy is to create value by partnering with talented management teams to achieve remarkable corporate transformations. We see Lantronix as a company that is well-positioned to take advantage of the exciting growth opportunity that the IoT market represents. With an energized and focused executive team at the helm, I'm thrilled to be joining the board of LTRX at this exciting stage in its development," said Hale. "I look forward to working with the Board and Jeff to help guide the company as it executes its strategic transformation plan."
In addition to Hale's appointment to the Board, the company announced that Hale Capital Partners entered into an agreement to purchase 1,941,748 LTRX common shares at a price of $1.03 per share, which reflects the closing price of the company's stock as of June 15, 2016, for a total investment of $2.0 million. Proceeds from the sale will be used for general corporate purposes, including supporting the company's strategic IoT initiatives.
On July 26, 2016, LTRX announced the launch of a new Lantronix subsidiary and IoT software lab in Hyderabad, India.
"The opening of our software lab in Hyderabad, India represents a significant step forward in the execution of our IoT growth strategy," said Jeff Benck, president and CEO of LTRX. "Our executive team has been maniacally focused on securing the right incremental resources to execute our strategic product development plan, and the launch of this new facility in India is the direct result of these efforts."
Benck continued: "We believe Hyderabad, India is the perfect place to expand our engineering efforts in
sia, providing excellent access to a trained technical workforce, close proximity to over 200 engineering colleges, and a government organization that is actively engaged in creating a business-friendly environment for growth minded technology companies."
Located in southern India, Hyderabad is a global center for information technology and was ranked as one of the top cities in India to do business. LTRX is hosting an inauguration ceremony on July 27, 2016 to celebrate the opening of its IoT software development lab in the HiTech City area of Madhapur, Hyderabad.
On
ugust 9, 2016, LTRX announced that the Company will report its financial results for the fourth quarter and fiscal year ended June 30, 2016 on
ugust 23, 2016 after the close of the market.
Management will host an investor conference call and audio webcast at 2:00 p.m. Pacific Daylight Time (5:00 p.m. Eastern Daylight Time) on Tuesday,
ugust 23, 2016. To access the live conference call, investors should dial 1-844-802-2442 (US) or 1-412-317-5135 (international) and indicate that they are participating in the Lantronix Q4 FY 2016 call. The webcast will be available simultaneously via the investor relations section of LTRX's website at www.lantronix.com.
Investors can access a replay of the conference call starting at approximately 5:00 p.m. Pacific Daylight Time on Tuesday,
ugust 23, 2016 at www.lantronix.com.
telephonic replay will also be available through
ugust 30, 2016 by dialing 1-877-344-7529 (US) or 1-412-317-0088 (international) and entering passcode 10091231.
The Internet of Things (IoT) is set to Reach $3 Trillion in Value in 5 years
Explosive growth in cloud and a number of Internet-connected devices is expected to propel the Internet of Things market globally to $3.04 trillion in 2020, says research firm IDC.
The market, estimated to be $1.3 trillion in 2013, is expected to grow at a compound annual growth rate (CAGR) of 13% to reach $3.04 trillion in 2020. The installed and connected base of IoT units will reach approximately 30 billion by the same time.
In 2015, more than 1 billion smartphones will be sold.
Right now, the average mobile app user spends more than 30 hours a month on more than two dozen apps. That’s a lot of people spending a lot of time with their noses stuck in apps.
Given that 46 percent of app users report having paid for their apps, that’s big money, too. By 2017, it's expected that over 268 billion downloads will generate $77 billion worth of revenue.
Technical
nalysis:
LTRX hit a new 52-week low of $0.80 per share on February 8, 2016.
The company has since slowly, sut surely worked its way up the chart, closing Friday's session up +1.99% at $1.28 per share.
Yahoo finance currently has LTRX's float listed at just 6.79M.
That's the equivalent of just $8.7M in shares available to the entire public for trading.
Even though this company is listed on the NASDAQ stock exchange, LTRX has the potential to move higher just as fast as any penny stock that we've previously covered.
With a float that tight, even the slightest burst in volume could send shares soaring big-time...
LTRX has the potential to be a huge winner in the short, medium and long-term!
The stock market has already opened by the time you are reading this...
We ask that you act fast and get LTRX up on your trading screen right now!
For more information on LTRX, please visit their website(s): www.Lantronix.com
Happy Trading,
The OTC Stars Team
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