ZHUHAI, China, March 9, 2022 /PRNewswire/ -- Powerbridge
Technologies Co., Ltd. (Nasdaq: PBTS) ("Powerbridge" or the
"Company"), a provider of multi-industry technology solutions,
announced today that the Company has signed a series of contracts
with several leading enterprises in various industries including
China's rail transit, expedited
courier service, and smartphones and devices, totaling an amount of
around $5 million. According to the
contracts, Powerbridge will provide digital transformation
solutions for these enterprises and help improve their global
operational and management capabilities.
As companies face continuous and rapid growth of international
and domestic market demand amid a changing climate of economic
globalization and trade integration, leading enterprises in various
industries in China have regarded
digital transformation and enhancement as one of the key
development factors. They rely on modern communication networks to
deploy advanced digital solutions, and these digital transformation
and enhancement plans are a driving force for their business
operations and development.
Based on these new trends, Powerbridge has developed digital
solutions and services including a global regulatory compliance
system, a customs digital monitoring system and a smart logistics
management system to help companies achieve multi-organizational
and multi-business segment collaboration for different regional
operations of the world. The integration of these digital services
can help reduce operating costs and improve efficiency of
enterprise operations.
Stewart Lor, President of
Powerbridge said, "Digital transformation and enhancement is the
core of improving the level of enterprise performance. We will
continue to share with and support our enterprise customers with
our digital solutions to help them achieve their strategic goals of
global operational and management collaboration and
integration."
About Powerbridge Technologies
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a provider
of multi-industry technology solutions: software applications and
services for the global trade industry, IoT platform services as
well as intelligent fixtures and devices for smart city operations,
supply chain platforms and social livestreaming services for the
retail industry, metaverse and smart solutions for the travel and
leisure industry, as well as cryptomining and digital asset
operations. For more information, visit
www.powerbridge.com/ir/.
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:
Corporate Investor Relations
Powerbridge Technologies Co., Ltd.
Email: ir@powerbridge.com
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SOURCE Powerbridge Technologies