Presto Announces Stanford PhD and AI technologist Debarag Banerjee as Head of Voice Engineering
December 18 2023 - 9:08AM
Presto Automation Inc. (Nasdaq: PRST) one of the largest drive-thru
automation technology providers in the hospitality industry, today
announced Debarag Banerjee as Head of Voice Engineering.
Debarag joins Presto after a 25+ year career
pioneering cutting-edge innovations as a technologist deeply
involved with AI platforms and techniques such as Deep Learning,
Generative AI, Natural Language Processing, and Audio and Voice
Signal Processing. He was in the past a founder of an
algorithm-based startup for wireless audio chipsets, holds 15
issued patents, and has a PhD from Stanford University.
“We are thrilled to welcome Debarag as our new Head
of Voice Engineering at Presto. With an impressive track record of
driving innovation and delivering results, Debarag brings a wealth
of expertise to augment our team. As we continue to push boundaries
and elevate our technological capabilities, Debarag will play a
pivotal role in leading our engineering efforts. His strategic
vision, leadership, and passion for excellence align perfectly with
our commitment to driving growth and exceeding customer
expectations” said Xavier Casanova, CEO of Presto.
“I am very happy to be at Presto where we can solve
real world problems of voice-based ordering though autonomous AI
agents in challenging audio environments using cutting edge
Transformer architecture based AI techniques like Automatic Speech
Recognition (ASR) and Generative Large Language Models (LLM), as
well as work with an excellent team bringing it to life in record
time,” said Debarag Banerjee, Head of Voice Engineering at
Presto.
About Presto Automation Inc.
Presto (NASDAQ: PRST) provides enterprise-grade AI
and automation solutions to the restaurant industry. Our solutions
are designed to decrease labor costs, improve staff productivity,
increase revenue, and enhance the guest experience. We offer our AI
solution, Presto Voice™, to quick service restaurants (QSR) and our
pay-at-table tablet solution, Presto Touch, to casual dining
chains. Some of the most recognized restaurant names in the United
States are among our customers, including Carl’s Jr., Hardee’s, and
Checkers for Presto Voice™ and Applebee’s, Chili’s, and Red
Lobster for Presto Touch.
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 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’ 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 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’
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.
ContactInvestors:Krishna
Guptainvestor@presto.com
Media:Brian Rubymedia@presto.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/88662b00-d9d1-46a8-95fd-bbdd8ac01f29
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