Powerbridge Technologies Launches Smart Big Data Platform in One of China’s Largest Special Trade Zones for Bonded Import &...
May 23 2019 - 7:00AM
via NEWMEDIAWIRE -- Powerbridge Technologies Co., Ltd. (Nasdaq:
PBTS) (“Powerbridge” or the “Company”), a global trade software
applications and technology services provider, today announced the
launch of Powerbridge Smart Big Data Platform at Chongqing Bonded
Trade Zone, one of the largest special trade zones for bonded
import and export goods in China with a region spanning over 3.2
square miles and over 200 multinational enterprises, including
Foxconn, Hewlett Packard, and Inventec. Powerbridge Smart Big
Data Platform provides SaaS applications and integrates the
Company’s latest technologies in Big Data, IoT, AI, and Internet
capabilities.
The first “smart” special trade zone initiative
of its kind in China, the project consists of two phases. The
first phase aims to significantly improve the connectivity and
efficiency in regulatory compliance and customs clearance, allowing
global trade authorities to conduct real-time risk assessments and
interventions with big data analysis and decision making
applications through the use of Powerbridge Big Data
Platform. The second phase is designed to address the
pressing financial needs of global trade businesses in the special
trade zone with a supply chain based finance technology
platform.
Separately, the Company successfully introduced
an upgraded version of Powerbridge Trade Processing Cloud as SaaS
services to over 70+ customers in the cities of Guangzhou,
Shenzhen, Nanning, Ningbo, and Dalian. The upgrade better
facilitates and manages compliance with the newly established
regulatory requirements of the National Golden Customs Phase II
Standards, providing improved real-time monitoring of import and
export goods, “smart” automated operations and management, as well
as enhanced traceability of transactions and events relating to
goods, logistics and payments. Powerbridge Trade Processing
Cloud is offered to a variety of corporate and government
customers.
Ban Lor, CEO of Powerbridge Technologies,
stated: “The launch of our Smart Big Data Platform and the upgrade
to our Trade Processing Cloud are the result of focused, intensive
efforts to invest in R&D. Relatively early in our roll
out, we are pleased to report positive uptake and feedback from our
target markets and customers. In line with our growth
strategy, we plan to continue to invest in R&D to bring new
products and technologies to market.”
About Powerbridge
Powerbridge Technologies Co., Ltd. is a provider
of software applications and technology solutions and services to
corporate and government customers primarily located in China.
Founded in 1997, Powerbridge pioneered global trade software
applications with a vision to make global trade operations easier
for customers. Since inception, Powerbridge has continued to
innovate and deliver solutions and services to address the changing
needs of thousands of customers. Powerbridge’s mission is to make
global trade easier by empowering all players in the
ecosystem. For more information, visit
www.powerbridge.com/en
Safe Harbor Statement
This press release contains forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements that
are other than statements of historical facts. When the Company
uses words such as “may, “will, “intend,” “should,” “believe,”
“expect,” “anticipate,” “project,” “estimate” or similar
expressions that do not relate solely to historical matters, it is
making forward-looking statements; specifically, the Company's
statements regarding listing on the NASDAQ Capital Market and the
IPO are forward-looking statements. Forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company’s expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company’s goals and strategies; the Company’s
future business development; product and service demand and
acceptance; changes in technology; economic conditions; reputation
and brand; the impact of competition and pricing; government
regulations; fluctuations in general economic and business
conditions in China and assumptions underlying or related to any of
the foregoing and other risks contained in reports filed by the
Company with the SEC. For these reasons, among others, investors
are cautioned not to place undue reliance upon any forward-looking
statements in this press release. Additional factors are discussed
in the Company’s filings with the SEC, which are available for
review at www.sec.gov. The Company undertakes no obligation to
publicly revise these forward-looking statements to reflect events
or circumstances that arise after the date hereof.
For more information, please contact:
For Powerbridge:
Powerbridge Technologies Co., Ltd.
Stewart Lor
Chief Financial Officer
Email: stewartlor@powerbridge.com
Investor Relations:
PCG Advisory, Inc.
Vivian Cervantes
Phone: 646-863-6274
Email: vivian@pcgadvisory.com
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