Mr. Dax Dasilva reports

ELEVATING THE CULINARY SCENE: INTRODUCING THE NEXT EVOLUTION OF LIGHTSPEED RESTAURANT IN QUEBEC

Lightspeed Commerce Inc. has launched its flagship Lightspeed Restaurant in its home province of Quebec, equipping restaurateurs with smart, intuitive solutions that empower them to scale their operations, turning challenges into opportunities for innovation and success. Powering the world's best businesses, Lightspeed is the unified point-of-sale and payment platform for ambitious entrepreneurs wishing to accelerate growth, provide the best customer experiences and become a go-to destination in their space.

In the backdrop of a challenging period for Quebec's restaurant industry, marked by significant financial pressures and operational hurdles, Lightspeed Restaurant emerges as a pivotal solution. Insights from The Quebec Restaurant Association's insights reveal a tough landscape, with noticeable downturns and increasing operational costs in 2023. Yet, the resilience of the sector shines through, with anticipated growth rebounding to $18.7-billion in food service sales by 2026.

Regarded globally, Lightspeed Restaurant is trusted and engineered for complex, multilocation businesses around the world. Its key features, designed for efficiency and growth, address critical needs within the industry:

Advanced insights:  Harness real-time customer data for on-the-spot operational adjustments, leading to increased guest satisfaction and optimized team performance, instrumental in navigating staff shortages.

Automated inventory management:  Tackle rising food costs head-on by reducing waste with precise tracking and cost analysis, as every ingredient contributes to the menu creations.

Order anywhere:  Allow guests to order directly from the comfort of their seats or on-line, simplifying service and paving the way for an elevated dining experience.

"Reflecting on Lightspeed's journey from its inception in Montreal to becoming a global beacon of innovative commerce solutions fills me with immense pride," shared Dax Dasilva, founder and chief executive officer of Lightspeed. "Our dedication goes beyond technology; it's about fostering a thriving ecosystem for Quebec's restaurant industry, offering intuitive tools that cater to the unique needs of restaurateurs. Our commitment is to elevate and transform local businesses, ensuring they not only navigate but thrive amidst a dynamic landscape."

In conjunction with the launch of Lightspeed Restaurant in Quebec, and to further bolster the company's commitment to local businesses, Lightspeed proudly partnered with the sixth edition of the Lauriers de la gastronomie quebecoise. This annual award recognizes Quebec's culinary greats, as determined by their peers. Lightspeed will be hosting the 2024 Lauriers nomination ceremony at its headquarters today on March 25, 2024.

Lightspeed powers Quebec's-and the world's best-restaurants and hospitality businesses, including: Fairmont Le Manoir Richelieu (La Malbaie), Taverne Atlantic (Montreal), Daniel Boulud Group (NYC), Alinea Group (Chicago), Big Mamma (Europe), Kei (Paris). Lightspeed Restaurant is currently available in Canada, the United States, the United Kingdom, France, Belgium, the Netherlands, Switzerland, Germany and Australia.

About Lightspeed Commerce Inc.

Powering the businesses that are the backbone of the global economy, Lightspeed's one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional customer experiences. The company's cloud commerce solution transforms and unifies on-line and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions and connection to supplier networks.

Founded in Montreal, Canada, in 2005, Lightspeed is dual listed on the New York Stock Exchange (NYSE: LSPD) and Toronto Stock Exchange (TSX: LSPD). With teams across North America, Europe and Asia Pacific, the company serves retail, hospitality and golf businesses in over 100 countries.

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