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Intel IoT Veteran to Join Lantronix Leadership Team as Vice President of MarketingIRVINE, Calif., Feb. 21, 2017 (GLOBE NEWSWIRE) -- Lantronix, Inc. (NASDAQ:LTRX), a global provider of secure data access and management solutions for Internet of Things (IoT) and information technology (IT) assets, announced today that Shahram Mehraban has been appointed as vice president of marketing, effective February 27, 2017. “We believe that Shahram’s more than 20 years of global marketing experience in the networking and communications industry will make him a key contributor in expanding our marketing efforts, especially as we pursue our goal of moving up the IoT value chain,” said Jeffrey Benck, Lantronix president and CEO. "We are excited and pleased to have someone with Shahram’s experience, skills, and industry relationships joining the Lantronix team.” "Lantronix has a solid reputation for delivering market leading solutions that address IoT connectivity, security, and manageability issues,” said Mehraban. “I am extremely excited to have the opportunity to work with Jeff and the rest of the Lantronix team to help them deliver more comprehensive IoT solutions and take our position in the market place to the next level.” Most recently, Mehraban served as marketing director and chief of staff of the industrial and energy solutions division of Intel’s IoT Group, where he played a key role in expanding the company’s industry visibility in key IoT verticals, and served as part of the IoT executive team that delivered innovative end to end solutions for the Industrial IoT market. During his 17 year tenure at Intel, Mehraban served in various business development, product and strategic marketing, and general management roles. Prior to joining Intel, he served in various marketing leadership roles at Trillium Digital Systems (acquired by Intel), Nokia, Glenayre Technologies, and Motorola. Mehraban earned a Bachelor of Science degree from the University of British Columbia and an MBA from Gustavson School of Business at University of Victori. On March 1, 2017, the company will grant Mr. Mehraban an inducement award of 120,000 nonqualified stock options (NQSO) in connection with the commencement of his employment. The shares subject to the inducement award will vest according to the following schedule: one-fourth of the shares shall vest on the first anniversary of the grant date and the remaining options shall vest ratably each month thereafter for a period of 36 months. The grant of the NQSO was approved by the compensation committee of the company's board of directors, which committee is comprised solely of independent directors, as an inducement material to Mr. Mehraban entering into employment with the company in accordance with Nasdaq Listing Rule 5635(c)(4). About Lantronix Lantronix, Inc. is a global provider of secure data access and management solutions for Internet of Things (IoT) and information technology (IT) assets. Our mission is to be the leading supplier of IoT gateways that enable companies to dramatically simplify the creation, deployment, and management of IoT projects while providing secure access to data for applications and people. With more than two decades of experience in creating robust machine to machine (M2M) technologies, Lantronix is an innovator in enabling our customers to build new business models and realize the possibilities of the Internet of Things. Our connectivity solutions are deployed inside millions of machines serving a wide range of industries, including data center, medical, security, industrial, transportation, retail, financial, environmental and government. For more information, visit www.lantronix.com. Forward-Looking Statements Media and Investor Relations: E.E. Wang Director, Corporate Marketing and Investor Relations [email protected] [email protected] 949-614-5879 |