Peraso Inc. Secures Purchase Order for Military Use of mmWave Technology

Rhea-AI Summary

Peraso Inc. (NASDAQ:PRSO) has secured a significant purchase order for its Perspectus module products, designed for battlefield applications. The system utilizes Peraso's advanced 60 GHz mmWave RF technology to enhance situational awareness and communications for soldiers in combat operations. Key features include:

- Minimized detection risk
- Reduced sensitivity to battlefield clutter and interference
- Proprietary narrow-beamforming technology
- Customized software and power-saving modes
- Up to one week of continuous operation on a single battery charge

Peraso has filed 50 patent applications in mmWave technology, with 40 already granted, demonstrating its commitment to innovation in wireless communications.

Positive

• Secured significant purchase order for military application
• Demonstrated successful prototype performance in challenging operational scenarios
• Developed field-ready modules with extended battery life
• Strong intellectual property portfolio with 40 granted patents out of 50 applications

Negative

• None.

Insights

Tech Expert

Peraso's mmWave technology breakthrough for military applications is a significant development. The 60 GHz frequency offers unique advantages in battlefield scenarios, including reduced detection risk and interference resistance. This technology's narrow-beamforming capability enhances precision in combat operations, potentially revolutionizing military communications.

The week-long battery life on a single charge is a game-changer for field operations, addressing a critical need for extended, reliable communication. With 50 patent applications and 40 granted patents, Peraso is solidifying its position in the mmWave space, which could lead to commercial applications beyond military use, opening up new market opportunities.

Financial Analyst

This military contract marks a significant revenue stream for Peraso, potentially boosting its financial outlook. While specific order values aren't disclosed, military contracts often involve substantial sums and can lead to long-term partnerships. The company's focus on both military and commercial sectors suggests a diversified revenue strategy, which could appeal to investors seeking balanced risk.

Peraso's strong patent portfolio (40 granted, 10 pending) in mmWave technology represents valuable intellectual property, potentially driving future licensing revenues or acquisition interest. However, investors should note that military contracts can be volatile and subject to geopolitical factors. The stock may see increased attention, but careful analysis of future financial reports is important to assess the contract's impact on Peraso's bottom line.

Military Technology Analyst

Peraso's Perspectus module represents a significant tactical advantage in modern warfare. The 60 GHz mmWave technology offers superior stealth capabilities due to its propagation characteristics, making it ideal for covert operations. The reduced sensitivity to battlefield clutter is important in complex combat environments, potentially saving lives by improving situational awareness.

The week-long battery life addresses a critical logistical challenge in extended field operations. However, the effectiveness of this technology in various terrains and weather conditions remains to be seen. If successful, this could set a new standard for military communication systems, potentially leading to wider adoption across different branches of the military and allied forces, opening up a substantial market for Peraso.

SAN JOSE, CA / ACCESSWIRE / September 17, 2024 / Peraso Inc. (NASDAQ:PRSO) has announced a significant purchase order for its Perspectus module products, which are ideally suited for battlefield application. Leveraging Peraso's advanced 60 GHz mmWave RF technology, this system is intended to enhance situational awareness and communications for soldiers engaged in combat operations.

The Perspectus module minimizes detection risk and reduces sensitivity to battlefield clutter and interference using Peraso's proprietary narrow-beamforming technology. The unique propagation characteristics of 60 GHz signals offer an edge in military settings where stealth, precision, and operational efficiency are paramount.

"Our technology has proven its value in critical military scenarios," said Ron Glibbery, CEO of Peraso. "We remain committed to delivering solutions that surpass the expectations of our military partners. The recent demonstration of our prototype underscored our technology's precision and robust performance in challenging operational scenarios, solidifying Peraso's role as a leader in military-grade communication technologies."

Immediate Deployment with Advanced Features
To support this key battlefield application, Peraso will supply field-ready modules featuring customized software and power-saving modes, allowing continuous operation for up to a week on a single battery charge. This adaptability ensures soldiers have user-friendly, reliable, high-performance tools in the field.

Commitment to Innovation and Security
Peraso's innovation extends beyond the battlefield. The Company has filed 50 patent applications in mmWave technology, with 40 already granted, further cementing its commitment to advancing wireless communications.

Looking Ahead
As Peraso continues to deliver solutions to both military and commercial sectors, the Company remains well-positioned to lead in the rapidly evolving landscape of high-performance wireless communications.

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," "should," and similar expressions, or the negative versions thereof, and which also may be identified by their context. All statements that address customer relationships, as well as availability, operating performance, advantages of the products of Peraso, market acceptance of our products and anticipated acceptance and use of mmWave technology, which 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, anticipated use of mmWave technology by military organizations, the availability and performance of Peraso's products, reliance on manufacturing partners to assist successfully with the fabrication of our ICs and 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. 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.

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

Peraso Company Contact
Mark Lunsford
CRO
mlunsford@perasoinc.com

Contact Information
Tyler Weiland
Vice President, Public Relations
tweiland@sheltongroup.com
(972) 571-7834

Mark Lunsford
CRO
mlunsford@perasoinc.com

SOURCE: Peraso Inc.

View the original press release on accesswire.com

FAQ

What is the purpose of Peraso's Perspectus module for military use?

Peraso's Perspectus module is designed to enhance situational awareness and communications for soldiers in combat operations, using advanced 60 GHz mmWave RF technology.

How long can Peraso's (PRSO) Perspectus module operate on a single battery charge?

Peraso's Perspectus module can operate continuously for up to a week on a single battery charge, thanks to its customized software and power-saving modes.

What are the key features of Peraso's (PRSO) mmWave technology for military applications?

Key features include minimized detection risk, reduced sensitivity to battlefield clutter and interference, and proprietary narrow-beamforming technology for enhanced stealth and precision in military settings.

How many patents has Peraso (PRSO) filed and been granted in mmWave technology?

Peraso has filed 50 patent applications in mmWave technology, with 40 already granted, demonstrating their commitment to innovation in wireless communications.