Powerbridge Technologies Launches Blockchain Cross Border Compliance Platform at Nanning Customs
June 25 2019 - 7:00AM
via NEWMEDIAWIRE -- Powerbridge Technologies Co., Ltd. (the
“Company”) (Nasdaq: PBTS), a global trade software applications and
technology services provider, today announced the launch
of Powerbridge Blockchain Cross Border Compliance
Platform at Nanning Customs, as part of the National Customs
Cross Border Technology Innovation Initiatives. Nanning Customs
manages and regulates 26 cross border ports and marketplaces along
China’s southwestern border spanning 497 miles with neighboring
Southeast Asian countries.
Powerbridge Blockchain Cross Border Compliance
Platform is provided as blockchain-as-a-service to Nanning
Customs starting with designated and limited use cases. The
blockchain technology-enabled compliance applications and services
are designed to allow the customs agency to significantly increase
the effectiveness of risk assessments and interventions in
monitoring and controlling the flow of goods, documents, and
vendors for cross border trade events and transactions, with an
enhanced level of regulatory information transparency and
synchronization among customs agencies and other government
authorities.
Ban Lor, CEO of Powerbridge Technologies, said:
“After nearly two years of focused investments in developing our
blockchain solutions, we are very pleased to launch our Blockchain
Cross Border Compliance Platform, initially at Nanning
Customs. While relatively early stage, feedback has been
positive and encouraging. We look forward to steady
advancements of our blockchain technologies and services as we
drive continued growth in our business.”
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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