{"id":786515,"date":"2023-09-27T14:01:17","date_gmt":"2023-09-27T18:01:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/presto-signs-cke-franchise-starcorps-58-carls-jr-locations\/"},"modified":"2023-09-27T14:01:17","modified_gmt":"2023-09-27T18:01:17","slug":"presto-signs-cke-franchise-starcorps-58-carls-jr-locations","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/presto-signs-cke-franchise-starcorps-58-carls-jr-locations\/","title":{"rendered":"Presto signs CKE Franchise StarCorp\u2019s 58 Carl\u2019s Jr. Locations"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">SAN CARLOS, Calif., Sept.  27, 2023  (GLOBE NEWSWIRE) &#8212; Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced a newly signed agreement that demonstrates the company\u2019s continued momentum and strengths in technology, enterprise sales, integration, and implementation.<\/p>\n<p>Presto signed CKE Franchise Group StarCorp and all of its 58 Carl\u2019s Jr. locations, where it will be the only Voice AI vendor. After a successful and competitive pilot at 2 stores lasting more than 6 months, StarCorp decided to launch Presto Voice at full scale. Presto was able to achieve a 91% upsell offer rate during the pilot period. The companies are planning to jointly roll out these locations in the coming months.<\/p>\n<p>Presto is currently taking several new Voice locations live for its customers each week, which it believes is a testament to the positive feedback it has received from customers and restaurant guests to date.<\/p>\n<p>\u201cWe are delighted that StarCorp has signed its Carl\u2019s Jr. locations with Presto after an extensive pilot and believe that action speaks volumes,\u201d said Dan Mosher, President of Presto. \u201cStarCorp has been an incredible partner, and this expanded partnership is a further proof point of the benefits of our Voice solution.\u201d<\/p>\n<p>\u201cWe are very excited to be working with Presto,\u201d said Warren Forsythe, President of StarCorp. \u201cWe have a standard of excellence to uphold at StarCorp, and we chose Presto\u2019s solution as it delivers on our expectations of the technology, including driving increased revenue and more efficient operations, which we believe will be essential for all restaurants.\u201d<\/p>\n<p>\n        <strong>About Presto Automation Inc.<\/strong>\n      <\/p>\n<p>Presto (NASDAQ: PRST) provides enterprise-grade automation solutions to some of the nation\u2019s largest hospitality brands. Presto Voice\u2122, its industry-leading automation and voice AI technology, improves order accuracy, reduces labor costs, and increases revenue for superior drive-thru and dine-in experiences. Presto is one of the largest labor automation technology providers in the industry. Presto is headquartered in Silicon Valley in San Carlos, California and has several restaurant chain customers in the U.S. that are familiar household names.<\/p>\n<p>\n        <strong>Forward Looking Statements<\/strong>\n      <\/p>\n<p>This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d), and Section 21E of the Securities Exchange Act of 1934, as amended (the \u201cExchange Act\u201d). 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 \u201cplan,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201coutlook,\u201d \u201cestimate,\u201d \u201cforecast,\u201d \u201cproject,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cpossible,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cshould,\u201d \u201cwould\u201d and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.<\/p>\n<p>The forward-looking statements are based on management\u2019s 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 Voice products in a new and developing market; our ability to roll out new locations within a specified amount of time; 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\u2019 evolving needs; our ability to protect the security of our customers\u2019 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 relies 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\u2019 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\u2019s business generally as set forth in our filings with the Securities and Exchange Commission.<\/p>\n<p>Contact<br \/>Investors:<br \/>Adam Rogers<br \/>VP Investor Relations<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iiXJKnvKPa0aU9T8BvSIKB34ZHIhAuLn92UMbZtXW9LqenMLw0JFYRe8yyBb5jELXmAytaqV1NyhKyAq7YXt1SSCVCv6vToWforzyGBu4z8=\" rel=\"nofollow noopener\" target=\"_blank\"><u>investor@presto.com<\/u><\/a><\/p>\n<p>Media:<br \/>Brian Ruby<br \/>media@presto.com<\/p>\n<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkyOTExNyM1ODM0MjcwIzIyNTMyNDI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ZTk0NDIxNjQtMWFjMy00OWYyLWJkNGUtZTMzMTQ5MGM3YWFhLTEyNjQ3OTU=\/tiny\/Presto-Automation-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN CARLOS, Calif., Sept. 27, 2023 (GLOBE NEWSWIRE) &#8212; Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced a newly signed agreement that demonstrates the company\u2019s continued momentum and strengths in technology, enterprise sales, integration, and implementation. Presto signed CKE Franchise Group StarCorp and all of its 58 Carl\u2019s Jr. locations, where it will be the only Voice AI vendor. After a successful and competitive pilot at 2 stores lasting more than 6 months, StarCorp decided to launch Presto Voice at full scale. Presto was able to achieve a 91% upsell offer rate during the pilot period. The companies are planning to jointly roll out these locations in the coming &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/presto-signs-cke-franchise-starcorps-58-carls-jr-locations\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Presto signs CKE Franchise StarCorp\u2019s 58 Carl\u2019s Jr. Locations&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-786515","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Presto signs CKE Franchise StarCorp\u2019s 58 Carl\u2019s Jr. Locations - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/presto-signs-cke-franchise-starcorps-58-carls-jr-locations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Presto signs CKE Franchise StarCorp\u2019s 58 Carl\u2019s Jr. Locations - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN CARLOS, Calif., Sept. 27, 2023 (GLOBE NEWSWIRE) &#8212; Presto Automation Inc. (NASDAQ: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced a newly signed agreement that demonstrates the company\u2019s continued momentum and strengths in technology, enterprise sales, integration, and implementation. Presto signed CKE Franchise Group StarCorp and all of its 58 Carl\u2019s Jr. locations, where it will be the only Voice AI vendor. After a successful and competitive pilot at 2 stores lasting more than 6 months, StarCorp decided to launch Presto Voice at full scale. Presto was able to achieve a 91% upsell offer rate during the pilot period. The companies are planning to jointly roll out these locations in the coming &hellip; Continue reading &quot;Presto signs CKE Franchise StarCorp\u2019s 58 Carl\u2019s Jr. Locations&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/presto-signs-cke-franchise-starcorps-58-carls-jr-locations\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-27T18:01:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkyOTExNyM1ODM0MjcwIzIyNTMyNDI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/presto-signs-cke-franchise-starcorps-58-carls-jr-locations\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/presto-signs-cke-franchise-starcorps-58-carls-jr-locations\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Presto signs CKE Franchise StarCorp\u2019s 58 Carl\u2019s Jr. Locations\",\"datePublished\":\"2023-09-27T18:01:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/presto-signs-cke-franchise-starcorps-58-carls-jr-locations\\\/\"},\"wordCount\":1012,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/presto-signs-cke-franchise-starcorps-58-carls-jr-locations\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODkyOTExNyM1ODM0MjcwIzIyNTMyNDI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/presto-signs-cke-franchise-starcorps-58-carls-jr-locations\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/presto-signs-cke-franchise-starcorps-58-carls-jr-locations\\\/\",\"name\":\"Presto signs CKE Franchise StarCorp\u2019s 58 Carl\u2019s Jr. Locations - 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(NASDAQ: PRST), one of the largest drive-thru automation technology providers in the hospitality industry, today announced a newly signed agreement that demonstrates the company\u2019s continued momentum and strengths in technology, enterprise sales, integration, and implementation. Presto signed CKE Franchise Group StarCorp and all of its 58 Carl\u2019s Jr. locations, where it will be the only Voice AI vendor. After a successful and competitive pilot at 2 stores lasting more than 6 months, StarCorp decided to launch Presto Voice at full scale. Presto was able to achieve a 91% upsell offer rate during the pilot period. 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