Lantronics (NASDAQ:) will preview Percepxion’s seamless integration with the Qualcomm (NASDAQ:) AI Hub
IRVINE, Calif., June 25, 2024 (GLOBE NEWSWIRE) — Lantronix Inc. announced… (NASDAQ: LTRX), a global leader in computing, connectivity and IoT solutions, today announced that it will demonstrate the seamless integration of the Percepxion™ Edge AI Solution prototype with the Qualcomm ® AI Hub at Qualcomm’s AI Analyst and Media Workshop on June 25, 2024.
Together, this integrated solution provides a powerful platform for optimal model performance, supporting the rapid development, deployment and acceleration of cutting-edge AI solutions for industries such as smart cities, transportation and connected healthcare.
“We are excited to preview the innovative integration of the Percepxion platform with the Qualcomm AI Hub,” said Mathi Gurusamy, chief strategy officer at Lantronix. This solution highlights our mutual commitment to delivering advanced, scalable AI solutions that address the evolving IoT needs of industries seeking to be at the forefront of AI technology. Our integrated approach streamlines AI development processes to create reliable, high-performance AI. – Targeted applications. Percepxion, integrated with Qualcomm AI Hub, helps developers deploy applications at the edge, which can reduce decision latency and data costs while providing robust cloud connectivity. Percepxion helps reduce the complexity of integrating AI into IoT applications and simplifies the process of improving and deploying AI models.
Qualcomm Technologies has made it easier for developers to start deploying enhanced AI models within the Qualcomm AI Hub, said Ashish Sial, senior director of engineering at Lantronix. The start page is clear and straightforward; The APIs are clear, and the Slack community is responsive and supportive. The Qualcomm AI Hub is an excellent first step for any developer or company looking to move into AI development.
Real-world solutions include smart city applications, such as traffic management, public safety monitoring, environmental monitoring, smart facilities, infrastructure management, and smart parking.
The Percepxion prototype was built using a Qualcomm ® QRB5165 processor.
About Lantronics
Lantronix Inc. is a global leader in IoT solutions for computing and connectivity targeting high-growth industries, including smart cities, automotive and enterprise. Lantronix products and services enable companies to succeed in growing IoT markets by delivering customizable solutions that address every layer of the IoT Stack. Lantronix’s leading solutions include smart substation infrastructure, infotainment and video monitoring systems, as well as advanced out-of-band (OOB) management of cloud and edge computing.
For more information, visit Lantronics website.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements within the meaning of the federal securities laws, including but not limited to statements regarding Lantronix’s Percepxion Edge AI Solution Protype as well as our expectations regarding Regarding the company’s prospects. For strategic growth, market expansion and leadership. These forward-looking statements are based on our current expectations and are subject to significant risks and uncertainties that could cause our actual results, future business, financial condition or performance to differ materially from our historical results or those expressed or implied in any future. Appearance statement contained in this press release. Potential risks and uncertainties include, but are not limited to, factors such as the effects of adverse or worsening regional and global economic conditions or market instability on our business, including the effects on purchasing decisions by our customers; our ability to mitigate any disruptions to our supply chains and the supply chains of our suppliers and vendors due to the COVID-19 pandemic or other outbreaks, recent wars and tensions in Europe, Asia and the Middle East or other factors; future responses to public health crises and their impacts; cybersecurity risks; changes in applicable U.S. and foreign governmental laws, regulations and tariffs; our ability to successfully implement our acquisition strategy or integrate acquired companies; difficulties and costs related to protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions imposed in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2023, filed with the Securities and Exchange Commission (SEC) on September 12, 2023, including the section entitled Risk Factors in Item 1A of Part I of this report. ; In our quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2024 filed with the Securities and Exchange Commission on May 2, 2024, including the section entitled Risk Factors in Item 1A of Part II of this report; As well as in our other public filings with the Securities and Exchange Commission. Additional risk factors may be identified from time to time in our future filings. The forward-looking statements contained in this release speak only as of the date hereof, and we undertake no obligation to update these forward-looking statements to reflect subsequent events or circumstances.
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