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Lantronix (NASDAQ:LTRX) announced that it has been added to the LD Micro Index, effective August 2, 2018. Lantronix, a global provider of secure data access and management solutions for the industrial Internet of Things (IoT) has over two decades of experience in creating robust machine to machine (M2M) technologies. As quoted in the press release: …
Lantronix (NASDAQ:LTRX) announced that it has been added to the LD Micro Index, effective August 2, 2018.
Lantronix, a global provider of secure data access and management solutions for the industrial Internet of Things (IoT) has over two decades of experience in creating robust machine to machine (M2M) technologies.
As quoted in the press release:
The LD Micro Index is designed to give the most accurate representation of the intraday activity of microcap stocks in North America. It employs a mixture of screening for inclusion and manual exclusion where deemed appropriate. The index is market cap weighted and is comprised of approximately 1,014 stocks in the U.S. and Canada with market capitalizations between $50 million and $300 million. For more information, please visit: https://www.ldmicro.com/the-index
“I am honored to welcome Lantronix to the LD Micro Index,” stated Mr. Chris Lahiji, Founder of LD Micro. “Lantronix is a leader in the fast-growing Internet of Things market, and coupled with the strong board of directors and experienced management team, is an ideal representation of the under-followed growth company that the index is meant to showcase.”
“We are extremely pleased to join the LD Micro Index at such a key inflection point in our company’s history,” stated Jeff Benck, CEO and president of Lantronix. “This inclusion is a testament to the solid execution by our team on our strategic initiatives that we have embarked on for the past two years.”
