Lantronix Inc. Powers U.S. Army-Approved Teal Drones, Unlocking Secure Edge AI Growth Opportunity

IRVINE, Calif., Aug. 18, 2025 — Lantronix Inc. (NASDAQ: LTRX), a global leader in IoT solutions for compute and connectivity, announced today that its TAA- and NDAA-compliant solution has been selected by Teal Drones, a company under Red Cat Holdings Inc. (NASDAQ: RCAT), for the production of its Black Widow drones. This selection is part of the U.S. Army’s Short-Range Reconnaissance (SRR) Program.

Lantronix has already initiated production shipments, providing early revenue visibility and underscoring its role as a trusted technology partner for mission-critical defense applications. The company’s solution, based on the Qualcomm® Dragonwing QRB5165 processor, delivers advanced Edge AI processing while meeting the stringent security requirements of the United States.

This development not only strengthens Lantronix’s position in the defense market but also opens up growth opportunities in secure Edge AI applications. The company’s ability to provide TAA- and NDAA-compliant solutions highlights its commitment to supporting sensitive U.S. government missions.

Company Overview

Lantronix Inc. operates in the Information Technology sector, focusing on the Communications Equipment industry. The company specializes in designing, developing, and marketing network device servers that enable electronic devices to be accessed, managed, controlled, reprogrammed, and configured over the internet or other networks using standard connectivity protocols, including fiber optic, Ethernet, and wireless.

As of August 14, 2025, Lantronix’s close price was $2.89, with a market capitalization of $115.5 million. The company’s 52-week high was $4.55 on September 12, 2024, and its 52-week low was $1.91 on April 7, 2025. The price-to-earnings ratio stands at -13.71, reflecting the company’s current financial performance.

This partnership with Teal Drones and the U.S. Army marks a significant milestone for Lantronix, reinforcing its reputation as a reliable provider of cutting-edge technology solutions in the defense sector.