SAN JOSE, CALIFORNIA / ACCESS Newswire / October 17, 2025 / Peraso Inc. (NASDAQ: PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced it has received additional non-cancelable purchase orders totaling $0.5 million. These orders represent unanticipated incremental last-time buys associated with the previously announced end-of-life ("EOL") program for the Company's memory integrated circuit products. Peraso has begun fulfilling these orders from inventory and expects shipments to be completed during the fourth quarter of 2025.

"We are pleased to receive these additional purchase orders for our EOL products, as we remain focused on the continued ramp and growth of shipments of our industry-leading mmWave solutions," said Ron Glibbery, CEO of Peraso. "In addition to demonstrating our customers' ongoing confidence in the Company and our technology, these unanticipated orders will contribute incremental revenue and cash flow to our consolidated results for the second half of the year."

For additional information, please visit www.perasoinc.com.

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. For additional information, please visit www.perasoinc.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, that 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," "could," "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, cost benefits, advantages and market acceptance of Peraso's products and anticipated use of Peraso's products by customers, that 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: timing, receipt and fulfillment of customer orders associated with the Company's products and solutions; anticipated use of mmWave by customers and intended users of the Company's products; the availability and performance of Peraso's products and solutions; the successful integration of Peraso's products and technology with customer and third-party semiconductor, antenna and system solutions; reliance on manufacturing partners to assist successfully with the fabrication of the Company's ICs and antenna modules; availability of quantities of ICs supplied by manufacturing partners at a competitive cost; level of intellectual property protection provided by the Company's patents; vigor and growth of markets served by the Company's customers and its operations; and other risks included in the Company's Securities and Exchange Commission filings. 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.

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Media Contact
Tyler Weiland
Shelton Group
+1-972-571-7834
tweiland@sheltongroup.com

Company Contact
Ron Glibbery
CEO, Peraso

SOURCE: Peraso Inc.