ZHUHAI, China, July 6, 2023
/PRNewswire/ -- Powerbridge Technologies, a provider of
multi-industry technology solutions (Nasdaq: PBTS), has announced a
strategic joint venture to establish Agro Digital Fintech Co., Ltd.
("Agro Digital or the Company"), a fintech and asset digitization
company focused on the agriculture and livestock farming
industries. The Company aims to create a robust digital financial
ecosystem that drives value creation and leverages China's Rural Revitalization Initiative ("the
Initiative").
The Initiative is a long-term development plan aimed at
promoting economic growth, improving living standards, and
addressing the challenges faced by rural areas in the country,
including poverty alleviation, infrastructure development,
agricultural modernization, rural entrepreneurship, and improvement
of social services. The Initiative is focused on bridging the
economic and social gap between rural and urban areas, promoting
sustainable agriculture, and enhancing the overall well-being of
rural communities. The market size brought by the Initiative is
expected to reach approximately 4.5 Trillion
U.S. Dollars by 2025.
Agro Digital
utilizes advanced technologies such as IoT, blockchain, AI, and big
data to build an innovative fintech platform helps drive the
digital transformation of the agriculture and livestock industries,
enabling the digital encapsulation of production and transaction
processes. By leveraging digital data, the Company assists
customers enhancing their financial profiles and improving their
access to credit and financial services. The platform also allows
financial institutions and funders to gain a comprehensive
understanding of customers' businesses, leading to more accurate
risk assessments and tailored financial services solutions.
Stewart Lor, CEO of Powerbridge
Technologies commented: "We are delighted to launch Agro Digital to
leverage on the huge market opportunities by the Initiative in the
next few years. By utilizing cutting-edge technologies and
fostering financial inclusion, the Company can help empower rural
communities and promote sustainable agricultural practices. We
believe Agro Digital will contribute to our overall growth and
bring values to our partners and investors."
About Powerbridge Technologies
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a leading
provider of multi-industry technology solutions services. The
Company operates in several segments of business, including
software and digital applications for various industries,
cross-border trade platforms and global trade systems, digital
fintech services for agriculture and consumer products, and
cryptomining machines and cryptocurrency
operations.
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
Website: www.powerbridge.com/ir/
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SOURCE Powerbridge Technologies Co., Ltd.