LoRa and Zigbee share the same main board where the Pair LED and Reset button is only for Zigbee and not for LoRa, that’s why LR200 Pair LED and Reset button have no function. Therefore no matter how the LR200 Reset button is pressed the settings won’t be reset to factory default.

There are 2 parts of settings in LR200E and LR200EM as Ethernet settings and LoRa settings.
Ethernet settings can be reset to factory default by running CVBrowser utility by clicking “Soft Reset” (See below)
To reset Ethernet settings, run CVBrowser utility then highlight the device name to be reset from the device list and click “Soft Reset”.

There is no reset function for LoRa settings. LoRa settings are always kept as the settings edited last time. Please refer to LoRa settings guide for editing LoRa settings.