Peraso Inc. Announces Purchase Order for Advanced Roaming Technology in Korea With Continued Expansion Into Asia
SAN JOSE, CA, September 23, 2024 (Newswire.com) - Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leading provider in the wireless technology solutions market, announced the receipt of a purchase order for its High-Velocity Roaming ("HVR") technology. This technology enhances high-speed internet connectivity on moving trains and subways. The initial quantities of this order will be used to demonstrate and characterize the use of 60GHz for high velocity roaming (HVR) in the Korean public transportation system.
Peraso's HVR technology is designed to provide uninterrupted high-speed internet to passengers on fast-moving trains, ensuring seamless connectivity as users transition between access points. With an access point approximately every kilometer, the HVR system adeptly manages the transfer of signals from one access point to the next, enabling a smooth and reliable user experience. This feature is essential for maintaining service quality in environments where traditional connectivity solutions fall short. As cities worldwide continue to invest in upgrading their transportation infrastructure, Peraso is committed to providing top-tier solutions that improve passenger experiences and operational efficiencies.
"We are delighted that our HVR technology is gaining recognition and is being evaluated in one of the world's most congested subway systems," stated Ron Glibbery, CEO of Peraso Inc. "This order not only highlights the growing demand for high-speed connectivity in public transit, but it also underscores the effectiveness of our technology in addressing the unique challenges posed by high-velocity environments. We are working concurrently to win a similar program for deployment on the rail system in China."
This market expansion reflects the Company's strategic objective to enhance connectivity solutions globally, responding to the evolving needs of urban transit systems.
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.perasotech.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 transit and rail systems, 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.
Peraso and the Peraso logo are registered trademarks of Peraso Inc. in the U.S. and/or other countries.
Contact Information
Tyler Weiland
Vice President, Public Relations
tweiland@sheltongroup.com
(972) 571-7834
Mark Lunsford
CRO
mlunsford@perasoinc.com
SOURCE: Peraso Inc.
Source: Peraso Inc.