Technology highlights new market growth opportunities for Peraso's portfolio in mission-critical applications

SAN JOSE, CA / ACCESSWIRE / March 26, 2024 / Peraso Inc., (NASDAQ:PRSO) ("Peraso" or the "Company") today announced a new wireless platform utilizing the Company's proven mmWave product line for secure tactical communications. This new solution creates an opportunity for Peraso to expand into new markets while also showcasing the practical application benefits of 60 GHz mmWave within the defense sector.

Peraso's PRM2136 module offers support for high bandwidth, low latency applications using unlicensed mmWave spectrum and guarantees a high bandwidth connection between the users. Because it operates in the 60 GHz band, there is no interference from traditional Wi-Fi devices operating in the 2.4 and 5 GHz bands. The use of directional beamforming technology, the propagation characteristics of 60GHz signals and advanced software features from Peraso help mitigate interference from other IEEE 802.11ad devices.

Peraso's 60 GHz modules enable multi-gigabit data transfer rates, which can be especially important in military operations where sharing real-time data is essential. One key advantage of the Company's technology is the ability to create small, lightweight and power-efficient solutions that are ideally suited for tactical, standalone military applications. Additionally, the PRM2136 delivers adaptive beamforming and narrow "pencil" beams that allow for highly directional communications, which are inherently stealthy with low probability of Interception (LPI), Low Probability of Detection (LPD) and are anti-jamming (AJ).

"We're thrilled for the opportunity to dive into new markets, as we look to expand our presence towards military communications," said Ron Glibbery, CEO of Peraso. "We have secured our first customer for this new platform solution, and the engagement has been progressing well. We believe this serves as initial validation that the military recognizes the benefits of the 60 GHz band to enable stealth wireless communications in a battlefield environment."

Peraso's PRM2136 module employs the PRS1145 and PRS4601 integrated circuits ("ICs") to implement a low cost, low power, high performance SuperSpeed USB 3.0 to IEEE 802.11ad 60 GHz mmWave system. The PRM2136 also provides multi-gigabit throughput with the ability to power applications such as secure tactical networking, wireless AR/VR, wireless displays, wireless docking, and wireless access to the cloud, which can now be much more effective and efficient using 60GHz technology.

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, cost benefits, and advantages of the products of Peraso, market acceptance of our products, and anticipated acceptance and use of mmWave technology, that 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: the timing, receipt and fulfillment of customer orders associated with our mmWave products and solutions; anticipated use of mmWave by our customers and intended users of our products; the availability and performance of Peraso's products and solutions; the successful integration of Peraso's products and technology with customer and third-party semiconductor; antenna and system solutions, reliance on manufacturing partners to assist successfully with the fabrication of our ICs and antenna 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 included in our 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.

About Peraso Inc.
Peraso Inc. (NASDAQ: PRSO) is a pioneer in high-performance 60 GHz license free and 5G mmWave wireless technology, offering chipsets, modules, software, and IP. Peraso supports a variety of applications, including fixed wireless access, 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.

Peraso and the Peraso logo are registered trademarks of Peraso Inc. in the U.S. and/or other countries.

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

Company Contact
Mark Lunsford
CRO
mlunsford@perasoinc.com

SOURCE: Peraso, Inc.