Peraso executes contract to deliver 60GHz communications technology

Peraso (PRSO) announced the execution of a new strategic contract aimed at delivering mission-critical applications to global military and defense forces. Under this collaboration with a leading specialized defense contractor with expertise in mission-critical communications, Peraso will deliver innovative solutions designed to enhance tactical communications and safety. Together, the two companies have created a product that will provide heightened communications to safeguard both military personnel and non-combatants, such as medics, peacekeepers, and journalists operating in high-risk environments. The Company expects to commence initial production shipments of the product in Q2.