Parazzo at Centri Capital: Strategic Moves in Wireless Technology

On Tuesday, 22 April 2025, Parazzo Inc (NASDAQ:PRSO) presented at the Centri Capital Conference 2025, outlining its strategic direction as a fabless semiconductor company. Under the leadership of CEO Ron Glibery, Parazzo emphasized its pioneering role in high-speed wireless technology, particularly in the 60 GHz spectrum. While the company showcased promising growth prospects, challenges such as spectrum scarcity remain pertinent.

Key Takeaways

• Parazzo specializes in beamforming technology, targeting fixed wireless access, military/defense, and professional video delivery markets.
• The company has shipped approximately two million chips and expects significant growth in the unlicensed millimeter wave market.
• Parazzo is engaged with 83 customers and offers 67 products, projecting a 50% growth rate for the next year.
• The US Bead program presents new opportunities for Parazzo to expand internet access solutions.
• Tactical communications are a growing segment, with potential military contracts valued at $10-15 million.

Operational Updates

Parazzo’s focus on beamforming technology allows for precise wireless communication, which is critical in its target markets:

• Fixed Wireless Access: Parazzo aims to address the needs of 2.6 billion people with poor internet access globally. The company has partnered with Wheelink in Downtown Los Angeles and is significantly deploying in South African townships.
• Military Communications: The company’s technology is being leveraged for stealthy, jam-resistant communications. Parazzo is exploring a $10-15 million opportunity for a safety device for soldiers, with broader potential across NATO forces.

Market Overview

The millimeter wave market, valued at $3.4 billion, is experiencing an annual growth rate of 20%. Parazzo is positioned in the unlicensed segment, which allows for flexible global deployment without interference with licensed spectrums.

Future Outlook

Looking ahead, Parazzo projects a 50% growth rate for the upcoming year, driven by its expanding customer base and product portfolio. The company is poised to capitalize on spectrum scarcity and the growing need for stealth operations in military communications.

Financial Results

Parazzo has seen a significant increase in customer engagements, now interacting with 83 customers and offering 67 products. The company has already shipped around two million chips this quarter, reinforcing its leadership in the 60 GHz space.

Conclusion

For a deeper understanding of Parazzo’s strategies and market positioning, readers are encouraged to refer to the full transcript.

Full transcript - Centri Capital Conference 2025:

Charles Higgins, Partner in the evaluation practice, Sentry: I’m Charles Higgins. I’m a partner in the evaluation practice here at Sentry. Glad to have you all here. And I’d like to introduce Ron Glibery from Parazzo. Ron, please.

Ron Glibery, CEO, Parazzo: Oh, thank you. Take over. You very much. Good morning. Ron Glibery with Parazzo, here with my colleague Jim Sullivan, our CFO.

I’m the CEO of the company. So I will just jump right into this today. Disclaimer. So what does Plaza do? We’re what’s called a fabless semiconductor company.

So we make computer chips, design computer chips, sell computer chips where we subcontract the manufacturing to TSMC. This is like the famous NVIDIA model, of course, in terms of our business model. We’ve been in business for about fifteen years and our focus is on high speed wireless. And so you can see that we’ve kind of focused on about four different markets, really three primary markets. One is called fixed wireless access, so that’s high speed Internet.

I’m going to talk today a little bit about military and defense, which I think is a great opportunity for us. We’re already starting to see revenue from that. And actually ironically, well, for some of you that are in the prior presentation was a company called Vuzix and we actually do VR glasses. So, that’s another opportunity for us. So, we have about 50 patents and we conform to standards of IEEE.

So we’re listed on NASDAQ in December of twenty twenty one. So I’m going give you a quick engineering lesson. So basically if you look at the, I guess, right, your left, we deal in the very high frequency part of the spectrum. So that confers some advantages to us in the marketplace. But the second picture is the one that’s actually quite important because basically it’s a key to the presentation in terms of what we do is create very focused beams with our technology and this brings us advantages in the marketplace.

But basically this is really our expertise. It’s high frequency which really the thesis of the business going back fifteen years ago was that spectrum was really like lakefront property and it’s going to eventually run out of it. And we’re actually seeing that today. And so basically that’s the opportunity that we’re capitalizing on is the fact that spectrum is becoming rare and we’re opening up new spectrum in the higher frequency spectrum. So these are the markets I’m going to talk about today.

Fixed wireless access, this is our main market and this is very, very popular market right now. If you follow five gs at all, it’s really been the golden or the sweet spot of five gs. But we do this around the world and in our frequency band which is 60 gigahertz, we’re really the only player right now in terms of from a semiconductor perspective. Tactical communications, I’m going to talk about that. It’s a very, very exciting opportunity for us in terms of new military opportunities.

And so going back to the beams that I showed you on the first slide, the idea there is that in a battlefield environment it’s what we call stealthy. So, fact, it’s very difficult, almost impossible for the enemy to detect. So, we’re taking advantage of that capability in the marketplace right now. Transportation and also professional video delivery. So, again, VR glasses or even things like in operating rooms, video in operating rooms and so on.

So in terms of the market size, again, the technology is called millimeter wave, which is high frequency wireless. The market is valued about for semiconductors and, of course, keep in mind we are a semiconductor. It’s about $3,400,000,000 growing at an annual rate of 20%. And so we are the guys that actually focus on the unlicensed part of the marketplace and we’re actually the dominant players in this now. And so we really I think this quarter we’re going to probably announce that we’ve shipped a couple million chips in our lifetime, so nobody is even close to us in terms of competitive situations.

So this is a good and growing market again because it’s opening up new spectrum that hasn’t been available historically. So let me start off with what we call fixed wireless access. So this is just providing high speed Internet access. So this is a market that basically is at some level competing with fiber. So you hear a lot about fiber but what people don’t talk about is we refer to as fixed wireless access.

So basically, really the opportunity here is and what we do again with these specialized beams that I talked about earlier, we’re expanding really into like global markets starting with The U. S. And so basically we’ve got a partnership with a company called Wheelink, Downtown Los Angeles. So we’re deploying there. And basically the idea, the reason this technology works in these environments is again because we’ve got this specialized beam capability that we can deploy in these very dense environments.

But really the market for Us is the 2,600,000,000 people in the world that have poor Internet access. And so, for example, in South Africa we’ve got a very significant deployment in some of the townships there and it’s really quite incredible to see that we’re actually enabling literally millions of people what we call high speed Internet access for them is the next generation. So it’s just really kind of game changing for them. And also, for example, in other places in Africa, including places like Kenya. So we’ve got really a platform that we call the DOOM platform.

This is the dense urban environment. And this is a full integrated solution that provides this ability to do very dense deployments really on a global basis. And actually, in America, it’s really probably our best opportunity because basically here you may have heard about the Bead program that was initiated by the Biden administration but now has been kind of taken over by the Trump administration. This is a great example of where there’s $42,000,000,000 allocated to providing great Internet access to all people in America. And so under the Biden administration it was actually very focused on fiber deployment.

The problem with fiber deployment is it’s actually very, very expensive because you have to trench and it can be unreliable because if you break the fiber the whole neighborhood goes out. And the other real problem is it takes a long time. So basically there are targets of five to seven years in terms of deployment of fiber across America was quite unrealistic. It’s really closer to fifteen to twenty years deployment. With our technology, it’s very, very it’s about one tenth the cost of deployment and it can be done very quickly.

And so the Trump administration has come in and made it are in the process of making a very fundamental policy change which is going from fiber only to whatever technology solves the problem. So this is a really important step for us in terms of getting access to government funding that was not available over the last four years. So really from a market perspective, the two great opportunities for us globally are what we call the Dune opportunity for dense urban environments around the world and also in America using the Bead Funds to really outfit all of America with high speed Internet. By the way, some of the data rates in this marketplace are in the order of two gigabits per second. So I’m not sure if that means a lot to a lot of people but basically getting one gigabit with fiber is actually very, very high speed.

So we can support up to two gigabits per second, which is obviously very competitive with fiber as well. Now, tactical communications. This is a new marketplace that we’ve kind of entered over the last, let’s say, eighteen months. And I’ll go back to that original slide where we had the beam showed you the beam forming. So the issue there is that what they found in the Ukraine war and certainly in Gaza is that the enemy can detect where you are with traditional wireless communications.

And so this is a real problem. I think you may have even heard anecdotal stories where people are using traditional wireless to communicate but the problem is the enemy can track that and then bomb your position. And that’s actually happened. So what the military is looking for is a technology that actually communicates without being detectable. And so because we have that beamforming technology, it makes it not detectable on the battlefield or what we refer to as low probability of detection.

Basically, it’s close to zero. The other problem with it is the other benefit of it is actually quite immune to jamming as well. So basically, we are engaged with several military and defense contractors. Actually, there’s one in particular we just announced two weeks ago that is really not so much a defense device but a safety device that really is a way of saving lives on the battlefield. And basically the first deployment is about an army of about 70,000 soldiers.

But for us, it’s about a 10,000,000 to 15 million dollars opportunity. But really the full opportunity is the entire NATO Defense Forces, which is about 3,500,000 soldiers. So the only way you can solve the safety problem that we’ve addressed, which we can share in about a month in terms of the specifics of that. But right now, we’ll start shipping this quarter in terms of that contract. So this is a very, very exciting opportunity.

But if you look at all of the opportunities in military, for example, we’re working with another military contractor where he’s doing real time network setup, what we call it dynamic network setup in a battlefield environment and, again, using our technology for stealth communications in the military environment. Whoops. Oh. Yeah, the other benefit this is actually quite interesting. The other benefit we bring to the military is because we’re in the unlicensed band, which again I’m not going to dive into too much technical detail, but because we’re in the unlicensed band, militaries can actually deploy anywhere in the world without interfering with licenses that the carriers might have bought.

So that’s a very strong advantage for us as well. Like in terms of engagements, right now we’re at 83. But you can see this picture here is actually quite important to us. We have 67 products in the marketplace right now. So one of the things when we first went public on NASDAQ, we really only had about a couple of customers.

But that’s really changed because over the last four years three or four years, we’ve actually now engaged with 83 customers and 67 products in the marketplace. So we really are the dominant player in this space. And so it’s a growing business. We expect this year to be stronger than we did last year and growth about 50% again next year. So just to close off, we are the premier global supplier of these products in the 60 gigahertz space.

We’re shipping into high growth markets with over 100 distinct customer engagements in our pipeline. And our original business thesis of spectrum saturation is driving the need for millimeter wave spectrum. And additional features that we’ve seen is the stealth operation is really expected to make a significant contribution to our growth. So I think that’s about it for today. Jim is our primary contact.

Sheldon Group is our Investor Relations contact. So any questions? Going once? Okay. Thank you very much.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.