BOARD OF DIRECTORS HIGHLIGHTS LEADERSHIP, EXECUTION AND IMPROVED INTERNAL PROCESSES

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BOARD OF DIRECTORS HIGHLIGHTS LEADERSHIP, EXECUTION AND IMPROVED INTERNAL PROCESSES
24 February 2003 - Lantronix

The Board of Directors of Lantronix, Inc. (Nasdaq: LTRX) today announced the appointment of Marc H. Nussbaum to president and chief executive officer and James W. Kerrigan to chief financial officer. Nussbaum and Kerrigan have been serving as the company's interim president and chief executive officer and interim chief financial officer, respectively.

'Since joining Lantronix as its interim leaders last May, Marc and Jim have made excellent progress in implementing a clear recovery plan and positioning the company for long-term growth,' said Chairman H.K. Desai. 'They have significantly improved the company's ability to execute and have delivered consistently improved results each quarter. In just nine months, they have recruited a world-class management team, re-energized the company, improved operational and internal financial controls and have set the company on a rapid path to reach cash break even from operations in the near future. The board of directors is pleased with the recent stewardship of the new team and we believe Lantronix is moving in the right direction to deliver long-term value to our shareholders.'

Prior to joining Lantronix, Nussbaum was senior vice president, chief technical officer for MTI Technology Corporation. Earlier, he served 17 years in various senior business development and engineering management roles at Western Digital Corporation, including senior vice president and chief technical officer. During his tenure, Nussbaum helped build Western Digital's controller and drive business from $25M to more than $4 billion in annual revenues.

Kerrigan has 29 years of CFO experience for public and private companies. Prior to joining Lantronix, Kerrigan has served in senior management roles for other public companies, including Mattel, Wham-O Mfg, Ultrasystems, Ceradyne, and PDA Engineering.

http://www.lantronix.com

About: Lantronix
Lantronix develops hardware and software solutions to help businesses and government agencies remotely access and manage network infrastructure equipment and rapidly network-enable their physical electronic devices. With a 15-year heritage of connecting serial devices to networks, and more than 22 million ports connected to Lantronix products, the company is a one-stop shop for technologists who design, manage and configure servers, devices and network infrastructure equipment, incorporating the advantages of remote, secure data centre and device management.

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