Lantronix supplies TAA-compliant tech for US Army drone program

IRVINE, Calif. - Lantronix Inc. (NASDAQ:LTRX), a $112 million market cap technology company currently trading at $2.89 and identified as undervalued according to InvestingPro Fair Value analysis, announced Monday that its technology has been selected by Teal Drones for production of Black Widow drones under the U.S. Army’s Short-Range Reconnaissance Program.

The company has begun shipping components that meet Trade Agreements Act (TAA) and National Defense Authorization Act (NDAA) compliance requirements, enabling deployment in sensitive Department of Defense missions.

Teal Drones, a subsidiary of Red Cat Holdings Inc. (NASDAQ:RCAT), is among a select group of Blue UAS-approved small Unmanned Aerial Systems vendors authorized for DoD use. Lantronix’s solution, based on Qualcomm’s Dragonwing QRB5165 processor, provides edge AI processing capabilities while meeting stringent U.S. security standards.

"Black Widow drones are redefining what’s possible for small unmanned systems, giving today’s warfighters real-time intelligence," said Jeff Thompson, CEO of Red Cat. "Lantronix’s solution enables us to meet the U.S. Army’s rigorous TAA and NDAA compliance standards."

Saleel Awsare, CEO and president of Lantronix, noted that the collaboration "underscores our ability to bring secure, high-performance products to market at scale."

The global drone market is projected to reach $57.8 billion by 2030, according to the Drone Industry Insights’ 2025-2030 Global Drone Market Report cited in the company’s press release statement.

Lantronix’s embedded compute technology and compliance expertise positions the company to support future defense and industrial IoT programs requiring similar security certifications.

In other recent news, Lantronix Inc. has launched its NTC-500 Series, an industrial-grade 5G router designed to reduce enterprise connectivity costs. This new series supports both 5G Non-Standalone and Standalone configurations, featuring Dynamic 5G Slicing capabilities and compatibility with private 5G networks. Additionally, Lantronix has secured a multi-year agreement with a major U.S. mobile network operator to manage over 50,000 backup power systems at wireless cell sites nationwide. This deployment will utilize Lantronix’s Edge gateways and cloud-based software for remote monitoring of backup generators. Furthermore, Lantronix’s board of directors has been expanded from five to six members with the appointment of James C. Auker as a non-employee director. This appointment is part of a cooperation agreement with several stockholders, including Chain of Lakes Investment Fund LLC. Auker is set to be nominated for election at Lantronix’s 2025 Annual Meeting of Stockholders. These developments reflect Lantronix’s ongoing strategic initiatives and partnerships.

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