Presto Named Provider of the Yr for Innovation by Checkers & Rally’s

Presto Automation Inc. (Nasdaq: PRST), the most important drive-thru automation know-how supplier within the hospitality business, introduced at the moment that iconic drive-thru restaurant chain Checkers & Rally’s has awarded the corporate its Provider of the Yr Innovation Award for 2022. Presto has been acknowledged for efficiently delivering and scaling its A.I.-powered voice assistant, Presto Voice^TM, at lots of of Checkers & Rally’s drive-thru eating places nationwide. Over the previous yr, Presto Voice has constantly demonstrated that drive-thru A.I.-driven voice automation can considerably decrease labor prices whereas concurrently driving up income.

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Provider of the Yr Innovation Award for 2022 (Picture: Enterprise Wire)

“We introduced a rollout of Presto Voice throughout our shops early final yr and it has since been put in at lots of of shops nationwide,” stated Minh Le, Chief Data Officer at Checkers & Rally’s. “This award acknowledges the numerous enterprise affect Presto is creating by enabling us to redeploy labor to extra vital areas of the enterprise whereas serving to enhance income.”

Checkers & Rally’s is the primary restaurant model with a drive-thru channel to announce a nationwide rollout of a drive-thru A.I. voice assistant answer. Working in partnership with Hello Auto, a number one conversational A.I. know-how firm, Presto Voice allows Checkers & Rally’s to have extra interplay time with visitors, guarantee order accuracy, and supply a superior visitor expertise. This award is a validation of Presto’s dedication to ship the most effective and most modern drive-thru automation options at scale. Presto is honored to obtain this award and proud to be acknowledged as an necessary companion to the Checkers & Rally’s workforce.

For extra data, go to presto.com/voice. To schedule a dwell demo or be taught extra about Presto’s merchandise, please contact mktg@presto.com or go to presto.com.

About Presto Automation Inc.

Presto (Nasdaq: PRST) overlays next-generation digital options onto the bodily world. Presto’s enterprise-grade voice, imaginative and prescient, and contact applied sciences assist hospitality companies thrive whereas delighting visitors. With over 300 million transactions processed, Presto is likely one of the largest labor automation know-how suppliers within the business. Based at M.I.T. in 2008, Presto is headquartered in Silicon Valley, California with prospects together with most of the high 20 restaurant chains within the U.S.

Ahead-Trying Statements

This press launch accommodates forward-looking statements inside the that means of Part 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Part 21E of the Securities Trade Act of 1934, as amended (the “Trade Act”). Statements that consult with projections, forecasts or different characterizations of future occasions or circumstances, together with any underlying assumptions, are forward-looking statements. Ahead-looking statements are usually recognized by phrases akin to “plan,” “imagine,” “anticipate,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “mission,” “proceed,” “may,” “might,” “may,” “attainable,” “potential,” “predict,” “ought to,” “would” and different comparable phrases and expressions, however the absence of those phrases doesn’t imply {that a} assertion just isn’t forward-looking. The forward-looking statements are based mostly on administration’s present expectations and assumptions about future occasions and are based mostly on presently accessible data as to the end result and timing of future occasions. The forward-looking statements converse solely as of the date of this press launch or as of the date they’re made. Besides as in any other case required by relevant regulation, Presto disclaims any responsibility to replace any forward-looking statements, all of that are expressly certified by the statements on this part, to replicate occasions or circumstances after the date of this press launch. Presto cautions you that these forward-looking statements are topic to quite a few dangers and uncertainties, most of that are troublesome to foretell and lots of of that are past the management of Presto. As well as, Presto cautions you that the forward-looking statements contained on this press launch are topic to the next dangers and uncertainties: our capacity to handle our development successfully, to maintain our current income development or entice new prospects; the restricted working historical past with our new Imaginative and prescient and Voice merchandise in a brand new and creating market; our capacity to attain income development whereas our bills enhance; continued opposed impacts from COVID-19 (together with on account of world provide chain shortages); the lack of any of our three largest prospects or a discount of their enterprise with us; our capacity to enhance and improve the performance, efficiency, reliability, design, safety, or scalability of our platform to answer prospects’ evolving wants; our capacity to guard the safety of our prospects’ data; altering privateness legal guidelines, laws and requirements, and our capacity to adjust to contractual obligations and legal guidelines associated to information privateness and safety; unfavorable situations within the restaurant business or the worldwide economic system, together with with respect to meals, labor, and occupancy prices; the supply of capital or financing on acceptable phrases, if in any respect; monetary covenants and different restrictions on our actions contained in our financing agreements which will restrict our operational flexibility; the size and unpredictability of our gross sales cycles and the quantity of investments required in gross sales efforts; materials weaknesses in our inside management over monetary reporting and, our capacity to remediate these deficiencies; our capacity to proceed as a going concern; our capacity to obtain further financing in a well timed method; shortages, worth will increase, adjustments, delays or discontinuations of {hardware}; our capacity to take care of relationships with our cost processors; our reliance on pc {hardware}, licensed software program and companies rendered by third events; U.S. legal guidelines and laws (together with with respect to cost transaction processing), a lot of that are unsettled and nonetheless creating, and our or our prospects’ capacity to adjust to such legal guidelines and laws; vital adjustments in U.S. and worldwide commerce insurance policies that limit imports or enhance tariffs; any necessities to gather further gross sales taxes or be topic to different tax liabilities which will enhance the prices to our prospects; our capacity to adequately defend our mental property rights; claims by third events of mental property infringement; our use of open-source software program in our platform; and different financial, enterprise, aggressive and/or regulatory components affecting Presto’s enterprise typically as set forth in our filings with the Securities and Trade Fee.

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