Peraso Secures $3.6 Million Purchase Order From Leading FWA and Wireless Networking Systems Provider

Rhea-AI Summary

Peraso Inc (NASDAQ:PRSO) has secured a significant $3.6 million purchase order for its mmWave devices from a leading wireless networking systems provider specializing in fixed wireless access. The company plans to begin shipments in Q2 2025, with complete fulfillment expected throughout 2025.

The order represents a positive signal that the inventory correction affecting customers over recent years is concluding. Peraso's mmWave technology, operating in the unlicensed 60 GHz band, offers enhanced performance in dense urban environments where traditional 5 GHz/6 GHz licensed devices face interference and congestion challenges.

The technology is particularly valuable in North American urban centers where fiber infrastructure deployment or retrofitting can be expensive and time-consuming. Peraso reports current deployments in cities like Los Angeles and anticipates continued expansion across multiple regional locations.

Positive

• Secured substantial $3.6M purchase order from strategic customer
• Signals end of inventory correction period affecting customers
• Order demonstrates growing market demand for mmWave technology
• Technology offers competitive advantage in dense urban markets

Negative

• Revenue impact delayed until Q2 2025
• Order fulfillment spread throughout 2025 indicating extended revenue recognition

SAN JOSE, CA / ACCESS Newswire / March 17, 2025 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced receipt of a $3.6 million purchase order for its mmWave devices from a leading provider of wireless networking systems used for fixed wireless access. Peraso expects to commence shipments in support of the order during the second quarter of 2025, with the remainder anticipated to be fulfilled throughout the balance of 2025.

"We are thrilled with this significant order for Peraso's fixed wireless access solutions from a long-time strategic customer," said Ron Glibbery, CEO of Peraso. "This order underscores the growing demand for Peraso's mmWave technology, while also indicating that the inventory correction impacting our customers over the last couple of years is coming to an end. We are excited to support this customer with our industry-leading devices and look forward to expanding our footprint in the fixed wireless market."

Peraso's mmWave technology operates in the unlicensed 60 GHz band and offers superior performance in dense urban environments, where traditional 5 GHz/6 GHz licensed devices can struggle with interference and congestion. This advantage is particularly crucial in North American urban centers, where either deploying new or retrofitting legacy fiber infrastructure can be costly and time consuming. Peraso is seeing the deployment of 60 GHZ mmWave technology in urban centers, such as Los Angeles, and expects to see the continued growth of these deployments across multiple regional geographies.

About Peraso Inc.

Peraso Inc. (NASDAQ: PRSO) is a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, modules, software, and IP. Peraso supports a variety of applications, including fixed wireless access, military, immersive video, and factory automation. In addition, Peraso's solutions for data and telecom networks focus on Accelerating Data Intelligence and Multi-Access Edge Computing, providing end-to-end solutions from the edge to the centralized core and into the cloud. For additional information, please visit www.perasoinc.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the "safe harbor" created by those sections. All statements in this release that are not based on historical fact are "forward-looking statements." These statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "strategy," "goal," or "planned," "seeks," "may," "might," "will," "expects," "intends," "believes," "could," "should," and similar expressions, or the negative versions thereof, and which also may be identified by their context. All statements that address customer relationships, timing of shipments to customers, and industry trends, as well as availability, operating performance, cost benefits, and advantages of the products of Peraso and its customers, market acceptance of Peraso's products, and anticipated acceptance and use of mmWave technology by service providers, that are not otherwise historical facts, are forward-looking statements.

Forward-looking statements are based on certain assumptions and expectations of future events that are subject to risks and uncertainties. Actual results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors. These factors include, but are not limited to: timing, receipt and fulfillment of customer orders associated with our mmWave products and solutions; anticipated use of mmWave by our customers and intended users of our products; the availability and performance of Peraso's products and solutions; the successful integration of Peraso's products and technology with customer and third-party semiconductor, antenna and system solutions; reliance on manufacturing partners to assist successfully with the fabrication of our ICs and antenna modules; availability of quantities of ICs supplied by our manufacturing partners at a competitive cost; level of intellectual property protection provided by our patents; vigor and growth of markets served by our customers and our operations; and other risks included in our Securities and Exchange Commission filings. Peraso undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.

Peraso and the Peraso logo are registered trademarks of Peraso Inc. in the U.S. and/or other countries.

Media Contact
Tyler Weiland
Shelton Group
+1-972-571-7834
tweiland@sheltongroup.com

Company Contact
Mark Lunsford
CRO
mlunsford@perasoinc.com

SOURCE: Peraso Inc.

View the original press release on ACCESS Newswire

FAQ

What is the value and timing of Peraso's (PRSO) latest purchase order?

Peraso secured a $3.6 million purchase order, with shipments starting in Q2 2025 and continuing throughout 2025.

How does Peraso's (PRSO) mmWave technology differ from traditional wireless solutions?

Peraso's mmWave technology operates in the 60 GHz band and provides better performance in dense urban areas where 5 GHz/6 GHz devices struggle with interference.

Where is Peraso (PRSO) currently deploying its mmWave technology?

Peraso is currently deploying its 60 GHz mmWave technology in urban centers like Los Angeles, with plans for expansion across multiple regional locations.

What market signal does the $3.6M order indicate for Peraso (PRSO)?

The order indicates that the inventory correction affecting customers over recent years is coming to an end and shows growing demand for mmWave technology.