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Lantronix Launches New NTC-500 Series 5G Industrial Router

Lantronix Inc. (NASDAQ:LTRX) is one of the tech stocks to buy according to analysts. On July 17, Lantronix introduced its new NTC-500 Series, which is a rugged industrial-grade 5G wireless router. The series transforms enterprise mobility and connectivity through an affordable solution that reduces the need for costly Ethernet infrastructure, saving thousands of dollars per drop, while providing high-speed and low-latency performance comparable to wired networks.

The launch of the NTC-500 Series is a direct result of Lantronix’s acquisition of NetComm Wireless, which was finalized on December 26 last year, for $6.5 million in cash. The NTC-500 Series is designed to address key pain points in industrial connectivity, such as high deployment costs, lengthy installation timelines, limited mobility, and the need to support a high density of connected endpoints.

A robotic arm holding a semiconductor chip, emphasizing the precision and quality of the company’s production equipment.

Its flexible and future-ready design is expected to open new revenue streams across private 5G, edge computing, and industrial automation markets, supporting various use cases and reducing total cost of ownership. The router is globally approved and carrier-certified, supporting private-5G readiness with bands like n48-CBRS, n77, and n78, which enables the rapid digitization of previously stranded or mobile assets.

Lantronix Inc. (NASDAQ:LTRX) develops, markets, and sells industrial and enterprise IoT products and services internationally.

While we acknowledge the potential of LTRX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LTRX and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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