Peraso receives $1.4M follow-on order for mmWave tech from a South African ISP in Q2 2024.

Peraso Inc. has received a $1.4 million follow-on order from a South African wireless internet service provider, following an initial order in Q2 2024. Their mmWave technology, operating in the unlicensed 60 GHz band, enhances connectivity in dense urban areas, critical for South Africa's economic growth. The technology's low power consumption is advantageous in regions facing frequent power outages. Despite this success, Peraso's stock fell by 2.7% to $1.80.

5 months ago
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