Lightspeed Summit: Unveiling the Future of Commerce and Innovation

Lightspeed Commerce Inc. (NYSE | TSX: LSPD) recently hosted the 2023 edition of the Lightspeed Summit, “Oxygen”. The three-day summit in Montreal, brought together over 300 industry leaders, partners, and customers. This event served as a nexus of ideas, spotlighting the current state of commerce and paving the way forward. Powering the world’s best businesses, Lightspeed is the unified POS and payments platform for ambitious entrepreneurs who wish to accelerate growth, provide the best customer experiences and become a go-to destination in their space.

The summit focused on three pivotal themes: technology and innovation as cornerstones for scaling in the point of sale (POS) sector, the power of automation for enhancing efficiency and enabling a focus on unparalleled customer experiences, and the mandate for personalization in today's dynamic customer journey.

During the fireside chat Lightspeed customers Melissa Joy Manning, owner of the multi-location jewelry store of the same name, and Peter Litvinenko, Corporate Food and Beverage Director at boutique hotel chain Life House, joined Lightspeed President JD Saint-Martin on stage to share insights on business challenges, sustainability, and the transformative impact of Lightspeed's innovations on scalability. “At Life House, we have to open properties sometimes every week or two,” shared Litvinenko. “[That’s why] we need overnight shipment of hardware, we need the contracts executed quickly. We wouldn’t have been able to do this with any other provider.”

The summit was the forum to showcase the latest innovations and their impact on business growth, including Lightspeed Payments, a global payments platform, Lightspeed Capital, a merchant cash advance program to support customer growth, and Advanced Insights, empowering restaurateurs and retailers worldwide to drive decisions using bespoke data about their business.

In closing, Lightspeed CEO JP Chauvet emphasized the Company's commitment to excellence, thanking customers and partners for their contributions. Lightspeed expresses gratitude to all of its Lightspeed Summit sponsors for their support: Omniboost, Star, Deliverect, eCard Systems, Plastic Printers, QuoteMachine, 7Shifts, Codat, Davo by Avalara, Discover Global Network, Ilglu, LINK, MarketMan, Mr. Yum and Otter.

About Lightspeed

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. Our cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions and connection to supplier networks.

Founded in Montréal, 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.

For more information, see www.lightspeedhq.com.

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Forward-Looking Statements

This news release may include forward-looking information and forward-looking statements within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions and are identified by words such as "will", "expects", "anticipates", "intends", "plans", "believes", "estimates" or similar expressions concerning matters that are not historical facts. Such statements are based on current expectations of Lightspeed's management and inherently involve numerous risks and uncertainties, known and unknown, including economic factors. A number of risks, uncertainties and other factors may cause actual results to differ materially from the forward-looking statements contained in this news release, including, among other factors, those risk factors identified in our most recent Management's Discussion and Analysis of Financial Condition and Results of Operations, under "Risk Factors" in our most recent Annual Information Form, and in our other filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, all of which are available under our profiles on SEDAR at www.sedarplus.ca and on EDGAR at www.sec.gov. Readers are cautioned to consider these and other factors carefully when making decisions with respect to Lightspeed's subordinate voting shares and not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that Lightspeed considers reasonable, actual events and results could differ materially from those expressed or implied by forward-looking statements made by Lightspeed. Except as may be expressly required by applicable law, Lightspeed does not undertake any obligation to update publicly or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

For further information: Media Contacts: Canada: Victoria Baker, NKPR - [e-mail]; USA: Jennifer Fugel, Newsmaker Group- [e-mail]; Lightspeed Media Relations - [e-mail]; Investor Relations: Gus Papageorgiou, Lightspeed Investor Relations - [e-mail]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c90cb227-1c52-43d6-9332-3e60bb688be0