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Lantronix works with Diebold to eliminate leased lines on some ATMs

March 6, 2002

IRVINE, Calif. -- Lantronix Inc. (Nasdaq:LTRX), a developer of Device Server Technology which enables electronic devices to be accessed and managed over the Internet or other networks using TCP/IP protocol, is working with Diebold Incorporated to develop networking technology which enables financial institutions to link their ATMs with IT networks.

Using Lantronix's technology, high transaction volume ATMs will no longer need to be connected to leased lines, saving banks the high monthly surcharge of long distance network connections.

"Lantronix's technology has allowed us to integrate legacy networking systems with new, faster and more reliable networking protocols," said Bill Aitken, Diebold vice president of systems integration and services. "For our customers, this means the end of incompatible hardware and an entirely cohesive network at a reduced cost."

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Diebold Nixdorf

As a global technology leader and innovative services provider, Diebold Nixdorf delivers the solutions that enable financial institutions to improve efficiencies, protect assets and better serve consumers.

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