ACCESS Newswire
04 Aug 2022, 17:31 GMT+10
SAN JOSE, CA / ACCESSWIRE / August 4, 2022 / Peraso Inc. (NASDAQ:PRSO) ('Peraso' or the 'Company'), a leader in mmWave technology for 5G networks, today announced the Company has received purchase orders from multiple leading Fixed Wireless Access (FWA) customers totaling $6.4 million. These orders include a combination of Peraso's mmWave silicon and PERSPECTUS™ family of FWA modules, both of which enable multi-gigabit access and point-to-multipoint capabilities for delivering high-bandwidth connectivity with industry-leading efficiency. Initial delivery of the orders is expected to commence late in the third quarter of 2022 and continue into 2023.
'Our longstanding goal continues to be innovation that enables our partners to solve the toughest mmWave challenges,' said Ron Glibbery, CEO of Peraso. 'These sizable purchase orders from established wireless internet equipment and service providers demonstrate the FWA market's need for comprehensive mmWave solutions, for which Peraso is positioned as a leading supplier of field-proven technology. Following the recent introduction of our fully integrated PERSPECTUS modules, which enable faster and lower-cost deployment of FWA networks and equipment, we continue to have a growing pipeline of new customer engagements that we anticipate converting to additional design wins and orders in the coming quarters.'
Forward-Looking Statements
This press release may contain forward-looking statements about the Company, including, without limitation, the Company's expectations regarding anticipated orders in the coming quarters and the Company's estimated delivery time for customer orders. 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, the following:
Peraso does not intend 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.
About Peraso Inc.
Peraso Inc. (NASDAQ:PRSO) is a pioneer in high performance 5G mmWave wireless technology, offering chipsets, modules, software and IP. Peraso supports a variety of applications, including fixed wireless access, 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.
Peraso and the Peraso logo are registered trademarks of Peraso Inc. in the U.S. and/or other countries. PERSPECTUS is a trademark of Peraso Inc.
Media Contact
Katie Olivier
Shelton Group
214-272-7200
[email protected]
Investor Contact
Shelton Group
Brett Perry
214-272-0070
[email protected]
Company Contact
Jim Sullivan, CFO
Peraso Inc.
408-418-7500
[email protected]
SOURCE: Peraso, Inc.
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