Lantronix Inc. announced new managed gigabit PoE++ (Power over Ethernet) enterprise switches. The 8-port SM8TBT2SA, 24-port SM24TBT4SA and 24-port SM24T BT4XPA switches provide the ability to connect PoE++ and PoE+ devices to the same switch, which makes it ideal for powering and connecting multiple smart IoT appliances, such as intelligent LED lighting, smart building sensors and access points, IP cameras and surveillance systems. Lantronix will showcase these switches at ISC West, Booth 7117, in Las Vegas from April 10-12, 2024. The SM8TBT2SA., and SM24TBT4SA will be shipping in mass production in June 2024; and the SM24TBT4XPA, in July 2024.

These PoE++ switches come pre-configured with Lantronix's Percepxion cloud management platform for secure control and visibility of Lantronix network switches. According to Dell'Oro Group, PoE ports are forecasted to comprise more than half of total campus switch port shipments by 2028 at an estimated value of $8.2 billion. Lantronix is committed to ensuring that its customers have best-in-class PoE switches to handle a variety of applications.

Ideal for security, surveillance, smart buildings, smart cities and other high-demand IoT applications, the new Lantronix switches deliver reliable end-to-end performance. The switches include Device Management System (DMS), accessible by Percepxion on the local Web manager. These forward-looking statements are based on current expectations and are subject to substantial risks and uncertainties that could cause the actual results, future business, financial condition, or performance to difference materially from the historical results or those expressed or implied in any forward-looking statement contained in this news release.

The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on business, including effects on purchasing decisions by customers; ability to mitigate any disruption in and suppliers' and vendors' supply chains due to the COVID-19 pandemic or other outbreaks, costs and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; ability to successfully implement acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of indebtedness, ability to service indebtedness and the restrictions in debt agreements; and any additional factors included in the Annual Report on Form 10-K for the fiscal year ended June 30, 2023, filed with the Securities and Exchange Commission (the "SEC") on Sept. 12, 2023, including in the section entitled "Risk Factors" in Item 1A of Part I of such report; in Quarterly Report on Form 10-Q for the fiscal quarter ended Dec. 31, 2023, filed with The SEC on Feb.

8, 2024, including in the section entitled "R risk factors" in Item 1A of part I of such report; in the Quarterly Report on Form 10- Q for the fiscal quarter ended Dec., 2023, filed with the SEC on Feb. 8, 2023, including in the section titled "Risk Factors" in item 1A of Part I of Part I of such report.