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Transaction brings increased scale and operating efficiencies to Lantronix; combined annual revenue expected to exceed $100 million Adds complementary switching, PoE and media conversion technologies to Lantronix IoT connectivity portfolio Anticipates $7 million in annualized expense synergies to be implemented over 24-month period following close of transaction Expects day-one accretion to earnings (excluding acquisition-related costs), with significant contribution to earnings in the first full year Announces conference call to discuss the acquisition /EIN News/ IRVINE, Calif., April 29, 2021 (GLOBE NEWSWIRE) Lantronix Inc. (“Lantronix”) (NASDAQ: LTRX), a global provider of Software as a Service (SaaS), connectivity services, engineering services, intelligent hardware and turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), today announced that it has entered into a definitive Securities Purchase Agreement to acquire Transition

Jeremy whitakerAsia pacificLantronix ioGail kathryn millerOmelveny myersLantronix incExchange commissionSecurities exchangeNasdaq stock marketCommunications systems incService saaTransition networksLantronix iotRemote environment managementSecurities purchase agreementCommunications systems