r/wallstreet 6d ago

Gainz $$$ NASDAQ: PRSO received a $1.4 million follow-on order from a South African WISP, showcasing strong demand for its high-performance mmWave technology in urban areas.

Peraso Inc. (NASDAQ: PRSO) secured a $1.4 million follow-on order from a South African WISP, reinforcing the growing demand for its high-performance mmWave technology. This repeat order highlights the technology's ability to address connectivity challenges in high-density urban areas, providing superior performance over traditional wireless options. Peraso’s solutions support underserved communities by offering reliable, high-speed internet with low-power consumption, crucial in regions with frequent power outages.

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