Peraso Inc. (NASDAQ:PRSO) shares headed noticeably higher early Monday. The San Jose-based company, purporting to be 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 CEO Ron Glibbery.
"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.
Said this morning’s news release, “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.”
PRSO shares began the day and the week ahead three cents, or 4%, to 76 cents.
