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Lantronix Wins 2024 IoT Evolution Asset Tracking Award for FOX3 Telematic Gateway
Based on Quantum Aviation case study, FOX3 Telematic Gateways honored for excellent innovation in growing IoT market segmentIRVINE, Calif., June 13, 2024
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[{"type":"text","content":"Based on Quantum Aviation case study, FOX3 Telematic Gateways honored for excellent innovation in growing IoT market segmentIRVINE, Calif., June 13, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader in compute and connectivity IoT solutions, today announced that it has won a 2024 IoT Evolution Asset Tracking Award from IoT Evolution magazine. Lantronix won for its FOX3 telematic gateways based on its Quantum Aviation case study. This award honors excellence in innovation utilizing IoT technologies to automate the asset tracking functions to increase efficiencies, reduce theft or optimize utilization of the asset. A long-standing customer of Lantronix telematic products, Quantum Aviation Solutions of Frankfurt, Germany, incorporated the Lantronix FOX3 series to gather real-time data for its fleet management software, which is installed at airports around the world. With the FOX3 gateway, critical signals are collected and transferred to the Quantum software solution that provides immediate visibility as well as historic analysis that supports increased efficiency and reduced cost. Ursula Hess, CEO of Quantum Aviation, said, “Utilizing Lantronix’s FOX3 series telematic gateways, we are able to feed reliable, real-time data to our cloud-based software solution, which gives our aviation customers access to critical information for real-time visibility and actions as well as long-term analytics.” According to Berg Insight, the global shipments of aftermarket telematics devices will grow at a CAGR of 10.5 percent in the next five years, reaching 77.6 million units in 2027 for a total market value estimated to reach $3.7 billion by 2027. “We are delighted to be honored for our contributions in IoT asset tracking management,” said Brian Jaroszewski, director of Product Line Management for Lantronix. “Our successes with Quantum Aviation and other customers provide reliable proof of our ability to deliver innovation telematics management solutions that enable our customers to drive growth and success.” Lantronix Quantum Aviation Case Study Highlights Quantum Aviation utilizes Lantronix’s FOX3 telematic gateways for: Fleet management transparency and digitizationAnalytics for improved efficiency and cost reductionRemote management via Web or DesktopAdvanced encryption, including AES, SSL/TLS To learn more about Lantro...