Presto

Presto to Participate at Needham Technology & Media Conference

Retrieved on: 
Tuesday, May 9, 2023

SAN CARLOS, Calif., May 09, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST ), one of the largest drive-thru automation technology providers in the hospitality industry, today announced its participation at the 18th Annual Needham Technology & Media Conference in New York City.

Key Points: 
  • SAN CARLOS, Calif., May 09, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST ), one of the largest drive-thru automation technology providers in the hospitality industry, today announced its participation at the 18th Annual Needham Technology & Media Conference in New York City.
  • Krishna Gupta, interim CEO at Presto Automation, is scheduled to present on May 17, 2023 at 12:45 p.m. Eastern Time.
  • Mr. Gupta will be discussing the rise of artificial intelligence (AI) in the hospitality industry, the power of Presto Voice™, and our recently announced partnership with CKE Restaurants, the parent company of Carl's Jr and Hardee's.
  • The presentation will be webcast live, and an archive of the live presentation will be available for a limited time under the “Events” section on the Company’s investor relations website at www.presto.com.

Blain's Farm & Fleet Announces Grand Opening of New Store in Rhinelander, WI

Retrieved on: 
Tuesday, May 9, 2023

Blain’s Farm & Fleet is proud to announce the Grand Opening celebration of its 45th store, located at 1601 E. Timber Dr. in Rhinelander, WI.

Key Points: 
  • Blain’s Farm & Fleet is proud to announce the Grand Opening celebration of its 45th store, located at 1601 E. Timber Dr. in Rhinelander, WI.
  • "We are thrilled to open our newest store in Rhinelander and to provide our valued customers with the high-quality products and exceptional service that Blain's Farm & Fleet is known for," says Jane Blain Gilbertson, CEO, Owner and President of Blain's Farm & Fleet.
  • For more information about the new Rhinelander store and the Grand Opening event, please visit farmandfleet.com/Rhinelander .
  • Founded in 1955, Blain’s Farm & Fleet is a specialty retailer with 45 locations throughout Illinois, Iowa, Wisconsin, and Michigan.

HPE Opens Global Center of Excellence for HPE Ezmeral Software in Greece

Retrieved on: 
Tuesday, May 2, 2023

“Enterprises across the globe are launching analytics and AI/ML initiatives, but most lack the in-house IT and data science talent to deliver at scale,” said Mohan Rajagopalan, vice president and general manager, HPE Ezmeral Software. “With this new CoE, HPE is strengthening our commitment and investment in the open-source tools and data science talent necessary for customers to operationalize analytics and AI across their enterprise. The new team brings together the most talented group of developers from the Kubeflow community with deep containers and data skillsets -- naturally complementing our Unified Analytics and Data Fabric offerings.”

Key Points: 
  • Hewlett Packard Enterprise (NYSE: HPE) today announced a significant investment to establish new Global Center of Excellence (CoE) for HPE Ezmeral Software in Athens, Greece.
  • This new global CoE will be integrated into the HPE Ezmeral Software business and enhances its global support capabilities for enterprise customers.
  • Greece is a burgeoning global hub of innovation with a dynamic ecosystem of technology companies and is encouraging investment in the technology sector.
  • “We are delighted to establish this new HPE Global Center of Excellence in Greece and take advantage of the available software talent and growing technology ecosystem in the country,” said Michalis Kassimiotis, managing director, HPE Greece & Cyprus.

Presto to Report Fiscal Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, April 26, 2023

SAN CARLOS, Calif., April 26, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST ), one of the largest drive-thru automation technology providers in the hospitality industry, today announced that the Company will release its fiscal third quarter 2023 financial results on Monday, May 15, 2023 after the financial markets close.

Key Points: 
  • SAN CARLOS, Calif., April 26, 2023 (GLOBE NEWSWIRE) -- Presto Automation Inc. (NASDAQ: PRST ), one of the largest drive-thru automation technology providers in the hospitality industry, today announced that the Company will release its fiscal third quarter 2023 financial results on Monday, May 15, 2023 after the financial markets close.
  • Presto management will host a conference call at 5:00 p.m. Eastern Time on that day to discuss the financial results and other business highlights.

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Presto Automation Inc. and Encourages Investors with Losses to Contact the Firm

Retrieved on: 
Tuesday, April 25, 2023

The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Presto Automation Inc. (“Presto” or “the Company”) (NASDAQ: PRST ) for violations of the securities laws.

Key Points: 
  • The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Presto Automation Inc. (“Presto” or “the Company”) (NASDAQ: PRST ) for violations of the securities laws.
  • The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
  • We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge.
  • The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Presto Automation Inc. and Encourages Investors with Losses to Contact the Firm

Retrieved on: 
Monday, April 24, 2023

The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Presto Automation Inc. (“Presto” or “the Company”) (NASDAQ: PRST ) for violations of the securities laws.

Key Points: 
  • The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Presto Automation Inc. (“Presto” or “the Company”) (NASDAQ: PRST ) for violations of the securities laws.
  • The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
  • We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge.
  • The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

Presto Announces Enterprise Generative AI Summit in Silicon Valley

Retrieved on: 
Wednesday, April 5, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230405005375/en/
    The Enterprise Generative AI Summit, hosted by Presto on May 5.
  • (Graphic: Business Wire)
    “Recent advances in generative AI finally offer incredible opportunities for enterprise applications, but many companies have not yet harnessed the technology to offer immediate value,” said Presto Chairman and Interim CEO Krishna Gupta.
  • Presto Voice™ uses advanced AI techniques, including large language models (LLM) and generative AI, to understand natural human language and offer logical responses to customer queries.
  • “We’re rapidly advancing our product and look forward to engaging with like-minded technologists at the summit.”
    The Enterprise Generative AI Summit will be held on May 5th at Presto’s headquarters in San Carlos, California and will feature several leading companies actively selling generative AI products to enterprise customers.

Presto Promotes Dan Mosher to President and Xavier Casanova to Chief Operating Officer

Retrieved on: 
Thursday, March 30, 2023

Presto Automation Inc. (Nasdaq: PRST ), one of the largest drive-thru automation technology providers in the hospitality industry (“Company”), today announced the promotion of Dan Mosher to president and Xavier Casanova to chief operating officer, effective immediately.

Key Points: 
  • Presto Automation Inc. (Nasdaq: PRST ), one of the largest drive-thru automation technology providers in the hospitality industry (“Company”), today announced the promotion of Dan Mosher to president and Xavier Casanova to chief operating officer, effective immediately.
  • Mosher has served as the Company’s chief revenue officer since he joined Presto in March 2021.
  • Mosher was senior vice president & Merchant Lead at Postmates prior to joining Presto.
  • The Company also offers another AI solution, Presto Vision™, which provides unique pieces of real-time data for drive-thru operations optimization.

Presto Announces CEO Departure

Retrieved on: 
Monday, March 27, 2023

The Company named Krishna Gupta, the Company’s Chairman, to the role of Interim Chief Executive Officer until a successor to Mr. Suri is named.

Key Points: 
  • The Company named Krishna Gupta, the Company’s Chairman, to the role of Interim Chief Executive Officer until a successor to Mr. Suri is named.
  • “Mr.
  • “He founded the Company in 2008 with a mission to transform the way cutting-edge technologies can enhance physical, customer-facing experiences.
  • Presto is in good hands with a world-class leadership team and dedicated Board members who will take the Company to the next level,” Mr. Suri added.

Presto Automation Inc. Announces Second Quarter Fiscal 2023 Financial Results

Retrieved on: 
Tuesday, February 14, 2023

Presto Automation (“Presto” or the “Company”) (NASDAQ: PRST), a provider in the labor automation technology industry, today announced financial results for the second quarter 2023 ended December 31, 2022.

Key Points: 
  • Presto Automation (“Presto” or the “Company”) (NASDAQ: PRST), a provider in the labor automation technology industry, today announced financial results for the second quarter 2023 ended December 31, 2022.
  • We are also continuing to scale Presto Voice AI, with approximately 300 drive-thru locations now implemented, and customer cash collections grew 50% quarter over quarter.
  • Presto voice AI products are also installed in pilots in QSR chains with 15,000 drive-thrus, which represents a $200M ARR opportunity.”
    For the second quarter of fiscal 2023, compared to the second quarter of fiscal 2022:
    Total Revenue: Total revenue was $7.4 million down 4% compared to $7.7 million for 2022.
  • Presto Automation will host a conference call today at 4:30 PM ET to review the Company’s financial results for the quarter ended December 31, 2022.