Market Overview

Lantronix Surges 25% on Print Solutions for Apple's iOS


Shares of Lantronix (NASDAQ: LTRX) are seeing much strength during Monday's trading session after the company showcased a new printing solution for Apple iOS devices.

Lantronix showcased its new xPrintServer at Digital Experience on January 9, 2012, the evening prior to the 2012 International CES in Las Vegas. With more than 900 editors and members of the press in attendance, Digital Experience is the nation's largest technology media event.

The xPrintServer is the first Apple iOS print server compatible with the iPad2, iPad, iPhone, iPod touch, and virtually any device running Apple's iOS mobile operating system.

Kurt Busch, president and CEO for Lantronix said, "We are very pleased to see the positive response from the market on our xPrintServer."

"It's clear we are filling a much needed gap in the Apple ecosystem, and we look forward to the first live demonstration at Digital Experience," Busch continued.

Currently, shares of Lantronix are trading about 25% higher at $2.88.

Posted-In: News Intraday Update Movers Tech


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