Peraso Inc. (NASDAQ: PRSO), a leader in mmWave wireless technology, announced it has shipped over 2 million mmWave devices, marking a key milestone that underscores its growing role in next-gen connectivity markets.
“For over a decade, Peraso has led innovation in multi-gigabit mmWave devices,” the company stated. “This milestone reflects the scalability of our technology and our expanding reach across high-impact sectors.”
The announcement comes alongside a surge in satellite infrastructure activity, including Oman’s OL-1 satellite launch—an AI-powered Earth observation platform—highlighting demand for low-latency, high-throughput communications where Peraso’s mmWave solutions excel.
Peraso Inc.’s (NASDAQ: PRSO) 49% stock gain over 30 days, driven by “NATO Q2” buzz and strong Q1 revenue of $3.86 million (+37.9% Y/Y). Additionally, Peraso anticipates double-digit mmWave revenue growth for Q2, backed by strength in military defense and fixed wireless access (FWA) markets, according to Seeking Alpha.
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On April 16, 2025, Peraso also announced the execution of a strategic contract with a specialized defense contractor to deliver mission-critical communications technology to global military forces. The jointly developed product is designed to enhance tactical safety and connectivity for military personnel, medics, peacekeepers, and journalists in high-risk environments. With a target market of over 3.44 million NATO active personnel, Peraso expects initial production shipments to begin in Q2 2025 and sees significant long-term commercial potential. See News Release.
As the satellite, defense, and wireless connectivity sectors experience accelerated transformation, Peraso Inc. (NASDAQ: PRSO) is emerging as a key player with scalable mmWave solutions ready to meet real-world demands. Combined with strategic defense contracts, expanding commercial applications, and solid financial growth, Peraso is well-positioned to capture meaningful share in high-growth markets. Alongside major movers such as DICK’S Sporting Goods (NYSE: DKS), Foot Locker (NYSE: FL), Click Holdings Ltd. (NASDAQ: CLIK) and Health In Tech (NASDAQ: HIT), Peraso stands at the intersection of breakthrough technology and global infrastructure expansion—making it a company to watch closely in 2025 and beyond.
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