Press release
Peraso Inc. (NAS: PRSO) Surging on 2M mmWave Milestone, Defense & Satellite Boost - DKS, FL, HIT, CLIK News Inside
"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. [https://seekingalpha.com/news/4446873-peraso-expects-double-digit-mmwave-revenue-growth-for-q2-2025-amid-defense-and-fwa-momentum?utm_source=quotemedia.com&utm_medium=referral&feed_item_type=news]
Other Companies in Focus Now:
* DICK'S Sporting Goods (NYSE: DKS) has entered into a definitive merger agreement with Foot Locker (NYSE: FL) in a deal valued at approximately $2.4 billion ($24 per share). The acquisition aims to consolidate retail strength in the athletic and lifestyle segment.
* Click Holdings Ltd. (NASDAQ: CLIK) announced a partnership with Flash Mutual, an advanced technology company under Tencent's SSV initiative. Together, they'll promote 24-hour instant device services for senior citizens in Hong Kong, a step toward advancing elderly care through digital innovation.
* Health In Tech (NASDAQ: HIT) is set to unveil its next-generation AI healthcare strategy at a major technology conference on June 3, 2025, signaling its continued push to disrupt and modernize healthcare infrastructure through artificial intelligence.
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 [https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/peraso-enters-into-contract-to-deliver-mission-critical-wireless-1015467].
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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