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SAF Tehnika Unveils FreeMile 60, Accelerating mmWave Adoption in the $3.4B Addressable Market

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Peraso Inc. (NASDAQ:PRSO) announces that SAF Tehnika has launched FreeMile 60, a fixed wireless access radio using Peraso's Perspectus mmWave modules with X720 chipset. Operating in the unlicensed 60 GHz band, FreeMile features a 90-degree multipoint setup for wireless Internet service providers to maximize network coverage. The product has received FCC and CE certification and is immediately available in North America and Europe through SAF's distribution network. The solution aims to address the growing demand for alternative broadband platforms in the $3.4B addressable market.

Peraso Inc. (NASDAQ:PRSO) annuncia che SAF Tehnika ha lanciato FreeMile 60, un radio accesso fisso wireless che utilizza i moduli mmWave Perspectus di Peraso con chipset X720. Operando nella banda non autorizzata di 60 GHz, FreeMile presenta una configurazione multipoint a 90 gradi per i fornitori di servizi Internet wireless, massimizzando la copertura della rete. Il prodotto ha ricevuto la certificazione FCC e CE ed è immediatamente disponibile in Nord America ed Europa tramite la rete di distribuzione di SAF. La soluzione mira a rispondere alla crescente domanda di piattaforme alternative per la banda larga nel mercato indirizzabile di $3,4 miliardi.

Peraso Inc. (NASDAQ:PRSO) anuncia que SAF Tehnika ha lanzado FreeMile 60, un acceso fijo inalámbrico que utiliza los módulos mmWave Perspectus de Peraso con el chipset X720. Operando en la banda no licenciada de 60 GHz, FreeMile presenta una configuración multipunto de 90 grados para proveedores de servicios de Internet inalámbrico, maximizando la cobertura de la red. El producto ha recibido la certificación FCC y CE y está disponible de inmediato en América del Norte y Europa a través de la red de distribución de SAF. La solución tiene como objetivo atender la creciente demanda de plataformas de banda ancha alternativas en un mercado direccionable de $3.4 mil millones.

Peraso Inc. (NASDAQ:PRSO)는 SAF 테흐니카가 FreeMile 60을 출시했다고 발표했습니다. 이 제품은 Peraso의 Perspectus mmWave 모듈과 X720 칩셋을 사용하는 고정 무선 접근 장치입니다. 60 GHz의 비면허 대역에서 작동하며, FreeMile은 무선 인터넷 서비스 제공업체가 네트워크 범위를 극대화할 수 있도록 90도 다점 설정을 특징으로 합니다. 이 제품은 FCC 및 CE 인증을 받았으며, SAF의 배급 네트워크를 통해 북미 및 유럽에서 즉시 이용 가능합니다. 이 솔루션은 34억 달러의 시장에서 대체 광대역 플랫폼에 대한 증가하는 수요를 겨냥하고 있습니다.

Peraso Inc. (NASDAQ:PRSO) annonce que SAF Tehnika a lancé FreeMile 60, un accès fixe sans fil utilisant les modules mmWave Perspectus de Peraso avec la puce X720. Fonctionnant dans la bande de 60 GHz non autorisée, FreeMile présente une configuration multipoint à 90 degrés pour les fournisseurs de services Internet sans fil, maximisant ainsi la couverture du réseau. Le produit a reçu la certification FCC et CE et est immédiatement disponible en Amérique du Nord et en Europe via le réseau de distribution de SAF. La solution vise à répondre à la demande croissante de plateformes de large bande alternatives sur un marché accessible de 3,4 milliards de dollars.

Peraso Inc. (NASDAQ:PRSO) gibt bekannt, dass SAF Tehnika FreeMile 60 eingeführt hat, ein festes drahtloses Zugangsradio, das die mmWave-Module Perspectus von Peraso mit dem X720-Chipsatz verwendet. FreeMile arbeitet im lizenzfreien 60-GHz-Band und verfügt über eine 90-Grad-Multipoint-Konfiguration für drahtlose Internetdienstanbieter, um die Netzwerkabdeckung zu maximieren. Das Produkt hat die FCC- und CE-Zulassung erhalten und ist sofort über das Vertriebsnetz von SAF in Nordamerika und Europa erhältlich. Die Lösung zielt darauf ab, die wachsende Nachfrage nach alternativen Breitbandplattformen auf dem adressierbaren Markt von 3,4 Milliarden USD zu bedienen.

Positive
  • Product launch expands presence in $3.4B addressable market
  • Secured new customer (SAF Tehnika) for FWA market
  • Product received FCC and CE regulatory certifications
  • Immediate availability across North America and Europe
Negative
  • None.

Insights

The launch of FreeMile 60 using Peraso's technology represents a modest positive development in the $3.4B FWA market, though its immediate impact may be given Peraso's small market position. The product's 90-degree beamforming coverage and modular design offer competitive advantages for WISPs, potentially reducing infrastructure costs. However, the key challenge remains market penetration and revenue generation in a competitive landscape. While the SAF partnership validates Peraso's technology, investors should note that meaningful revenue impact will depend on actual deployment scale and adoption rates. The FCC and CE certifications are positive enablers for market access, but the company's small market cap of $5.4M suggests significant execution risks ahead.

SAN JOSE, CA / ACCESSWIRE / November 1, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, is pleased to announce that SAF Tehnika JSC ("SAF") has released the FreeMile 60 (FreeMile) radio to provide fixed wireless access (FWA) using Peraso's Perspectus mmWave modules with the X720 chipset.

Utilizing the unlicensed 60 GHz band, FreeMile's 90-degree multipoint setup enables wireless Internet service providers (WISPs) to maximize network coverage with minimal infrastructure. With one antenna providing 90° beamforming coverage and optional antenna kits for enhanced directionality, FreeMile's modular design delivers flexibility and efficiency. FreeMile has been released with FCC and CE regulatory certification and is available immediately in North America, Europe and other locations throughout SAF's distribution network.

"SAF's adoption of Peraso's Perspectus platform for FreeMile 60 represents a new milestone for Peraso, as we continue to secure new customers in the FWA market," said Ron Glibbery, CEO of Peraso. "Both Peraso and SAF expect increased adoption of 60 GHz wireless FWA networks in Europe and North America and continued acceptance of alternative broadband solutions. We look forward to working with SAF to continue to develop innovative solutions that help bridge the digital divide."

"Peraso's Perspectus modules significantly accelerated our ability to develop products for the 60 GHz market," says Jānis Vinķelis, Product Manager at SAF. "Not only are Peraso's mmWave modules an affordable and reliable solution, they also offer the flexibility we need to address various customer needs across the globe."

Peraso has been a pioneer of high-performance mmWave phased array solutions for more than a decade. As one of the only providers of solutions for all mmWave communication bands (24GHz - 71GHz), Peraso believes its technology is attractive to WISPs of all sizes. Today, Peraso's fully integrated, unlicensed 60GHz solutions are being deployed and used worldwide for a variety of applications, as demand for alternative FWA broadband platforms continues to grow.

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.

About SAF Tehnika JSC
SAF Tehnika JSC (www.saftehnika.com) is a leading global designer and manufacturer of high-quality RF data transmission equipment, with a presence in over 130 countries. Its core products include the product families IntegraX and Phoenix G2 microwave radios, Spectrum Compact spectrum analyzers and signal generators, and Aranet wireless environmental monitoring solutions - all produced with creativity, accuracy and precision. SAF Tehnika's solutions serve a variety of industries, such as ISP, broadcast, public safety, utility, government, military, oil & gas and telecommunications.

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 and its customer, SAF, market acceptance of Peraso's products and anticipated acceptance and use of mmWave technology by equipment providers, including SAF, 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, interest in the Company's products and technology, the availability and performance of Peraso's products, reliance on manufacturing partners to assist successfully with the fabrication of Peraso's ICs and modules, availability of quantities of ICs supplied by Peraso's manufacturing partners at a competitive cost, level of intellectual property protection provided by Peraso's patents, vigor and growth of markets served by Peraso's customers and its operations and other risks included in Peraso's 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.

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 FreeMile 60 and how does it use Peraso's (PRSO) technology?

FreeMile 60 is a fixed wireless access radio that uses Peraso's Perspectus mmWave modules with X720 chipset, operating in the 60 GHz band to provide wireless internet service with 90-degree beamforming coverage.

Where is Peraso's (PRSO) FreeMile 60 product available?

FreeMile 60 is immediately available in North America, Europe, and other locations through SAF Tehnika's distribution network, having received both FCC and CE regulatory certifications.

What is the market size for Peraso's (PRSO) FreeMile 60 product?

The FreeMile 60 targets a $3.4B addressable market in the fixed wireless access (FWA) sector.

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