Presto Automation Inc. (Nasdaq: PRST), one of the largest
drive-thru automation technology providers in the hospitality
industry, today announced the expansion of its partnership with CKE
Restaurants Holdings, Inc., the parent company of the iconic Carl's
Jr. and Hardee's brands. Presto will be rolling out its artificial
intelligence (AI) powered solution, Presto Voice™, to automate
voice ordering at participating drive-thru locations nationwide.
The voice automation technology, which has already been
implemented at select Carl's Jr. and Hardee's drive-thru locations
within the United States, increases revenue, improves labor
productivity, and enhances the guest and staff
experience. Carl's Jr. and Hardee's operate roughly
2,800 franchised or company-operated restaurants across 44 US
states.
Phil Crawford, the Chief Technology Officer at CKE, stated that
“Presto's Voice AI solution is a robust choice as it aligns well
with CKE's objective of providing guests with outstanding service
while simultaneously increasing operational efficiency.” Crawford
added “that the pilot program yielded positive outcomes, with
deployed stores experiencing a significant rise in revenue due to
the upsell capability. As a result, we are delighted to offer the
Presto Voice AI technology to our franchisee base across the
country.”
"The entire Presto team is excited to be partnering with CKE, a
pioneer and a technology early adopter in the QSR space,” said Dan
Mosher, President of Presto. “CKE recently revolutionized its
digital ecosystem and we are confident that Presto is well-suited
to support CKE's growth.”
Presto is a proven leader in automation technology and as a
public company also understands how to operationalize the
successful deployment of its products across thousands of
restaurants. In recent pilot tests of Presto Voice at select Carl's
Jr. and Hardee's restaurants, Presto Voice yielded great results
with the test location’s relevant metrics, including increased
upsell offer rates and increased average check sizes due to
upsells.
To schedule a live demo or learn more about Presto’s products,
please contact mktg@presto.com or visit presto.com.
About Presto Automation Inc.
Presto (Nasdaq: PRST) provides enterprise-grade AI solutions for
the nation’s largest hospitality brands. Our industry-leading
automation and voice AI technology improves order accuracy, reduces
labor costs, and increases revenue for superior drive-thru and
dine-in experiences. With over 380 million transactions processed,
Presto is one of the largest labor automation technology providers
in the industry. Presto is headquartered in Silicon Valley in San
Carlos, California and counts among its customers some of the top
20 restaurant chains in the United States.
About CKE Restaurants Holdings, Inc.
CKE, a privately held company based in Franklin, Tennessee, runs
and operates Carl's Jr.® and Hardee's®, two beloved regional
brands, known for premium and innovative menu items such as 100
percent Black Angus Thickburgers®, Made from Scratch™ Biscuits and
Hand-Breaded Chicken Tenders™. With both a US and international
footprint, Carl's Jr. Restaurants LLC and Hardee's Restaurants LLC
have over 3,800 franchised or company-operated restaurants in 44
states and 43 foreign countries and U.S. territories.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended (the “Securities Act”), and Section 21E of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”). Statements
that refer to projections, forecasts or other characterizations of
future events or circumstances, including any underlying
assumptions, are forward-looking statements. Forward-looking
statements are typically identified by words such as “plan,”
“believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,”
“forecast,” “project,” “continue,” “could,” “may,” “might,”
“possible,” “potential,” “predict,” “should,” “would” and other
similar words and expressions, but the absence of these words does
not mean that a statement is not forward-looking. The
forward-looking statements are based on management’s current
expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of
future events. The forward-looking statements speak only as of the
date of this press release or as of the date they are made. Except
as otherwise required by applicable law, Presto disclaims any duty
to update any forward-looking statements, all of which are
expressly qualified by the statements in this section, to reflect
events or circumstances after the date of this press release.
Presto cautions you that these forward-looking statements are
subject to numerous risks and uncertainties, most of which are
difficult to predict and many of which are beyond the control of
Presto. In addition, Presto cautions you that the forward-looking
statements contained in this press release are subject to the
following risks and uncertainties: our ability to manage our growth
effectively, to sustain our recent revenue growth or attract new
customers; the limited operating history with our new Vision and
Voice products in a new and developing market; our ability to
achieve revenue growth while our expenses increase; continued
adverse impacts from COVID-19 (including as a result of global
supply chain shortages); the loss of any of our three largest
customers or a reduction in their business with us; our ability to
improve and enhance the functionality, performance, reliability,
design, security, or scalability of our platform to respond to
customers’ evolving needs; our ability to protect the security of
our customers’ information; changing privacy laws, regulations and
standards, and our ability to comply with contractual obligations
and laws related to data privacy and security; unfavorable
conditions in the restaurant industry or the global economy,
including with respect to food, labor, and occupancy costs; the
availability of capital or financing on acceptable terms, if at
all; financial covenants and other restrictions on our actions
contained in our financing agreements that may limit our
operational flexibility; the length and unpredictability of our
sales cycles and the amount of investments required in sales
efforts; material weaknesses in our internal control over financial
reporting and, our ability to remediate these deficiencies; our
ability to continue as a going concern; our ability to receive
additional financing in a timely manner; shortages, price
increases, changes, delays or discontinuations of hardware; our
ability to maintain relationships with our payment processors; our
reliance on computer hardware, licensed software and services
rendered by third parties; U.S. laws and regulations (including
with respect to payment transaction processing), many of which are
unsettled and still developing, and our or our customers’ ability
to comply with such laws and regulations; significant changes in
U.S. and international trade policies that restrict imports or
increase tariffs; any requirements to collect additional sales
taxes or be subject to other tax liabilities that may increase the
costs to our customers; our ability to adequately protect our
intellectual property rights; claims by third parties of
intellectual property infringement; our use of open-source software
in our platform; and other economic, business, competitive and/or
regulatory factors affecting Presto’s business generally as set
forth in our filings with the Securities and Exchange
Commission.
Contact
For Presto:
Chris Castmedia@presto.com
For CKE:
Beth GerstenbergerCommunications
Director615-970-8363bgerstenberger@ckr.com
A video accompanying this announcement is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/e792fb25-79b4-4c7c-9aea-fb84f621c47a
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