Peraso secures $3.6M purchase order for mmWave devices

Peraso (PRSO) announced receipt of a $3.6M 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.”