Lantronix Adding Investor Martin Hale Jr. to Board of Directors

IRVINE, CA--(Marketwired - Jun 16, 2016) - Lantronix, Inc. (the "Company") (NASDAQ: LTRX), a specialized networking company providing smart IoT and M2M solutions, today announced that technology investor Martin Hale Jr. is joining the board of directors as an independent director, expanding the company's board of directors to six members.

Hale, 44, currently is the founder, CEO and portfolio manager of Hale Capital Partners, a New York-based private growth equity fund. He currently serves as a director for FalconStor Software, a software-defined storage solutions provider. He has previously served as a director of several other public technology companies, including Adept Technology, Inc., a leading provider of intelligent vision-guided and autonomous robotic solutions (acquired by Omron Corporation); Telanetix, Inc., a cloud-based telecommunications service provider (acquired by Intermedia.net); and Paradigm Solutions, a cybersecurity solutions provider (acquired by CACI International, Inc.). 

Before founding Hale Capital Partners in 2007, he was a managing director and member of the founding team of Pequot Ventures, where he was responsible for helping to manage seven funds with approximately $2 billion in assets under management. He earned a bachelor of arts degree cum laude from Yale University. 

"I'm excited to have a director of Martin's caliber joining our board," said Jeffrey Benck, president and CEO of Lantronix. "Martin's nearly 20 years of financial leadership and reputation as a successful long-term strategic investor in emerging microcap companies is well established. His experience in the technology sector and his proven track record in creating shareholder value will make him a valued addition to Lantronix."

"Hale Capital Partners' strategy is to create value by partnering with talented management teams to achieve remarkable corporate transformations. We see Lantronix as a company that is well-positioned to take advantage of the exciting growth opportunity that the IoT market represents. With an energized and focused executive team at the helm, I'm thrilled to be joining the board of Lantronix at this exciting stage in its development," said Hale. "I look forward to working with the Board and Jeff to help guide the company as it executes its strategic transformation plan."