ZHUHAI, China, July 12,
2023 /PRNewswire/ -- Powerbridge Technologies
(Nasdaq: PBTS), a leading provider of multi-industry technology
solutions, announce today that its subsidiary, Ascendent Insight
Education Co., Ltd. ("AIedu") has formed a strategic partnership
with a prominent player in the education industry to drive
innovation in AI education. This partnership aims to leverage the
partner company's extensive user base and market presence to
accelerate the adoption of AIedu's flagship product, the Little Egg
App.
The partner company has secured significant funding from
renowned investors such as Qualcomm China, Zhen Fund, and New
Oriental. Their market reach and financial backing bring added
strength to the partnership with AIedu. With a nationwide coverage
in China, the partner company
serves over 10 million children, nearly 1 million teachers and 31.9
million parents, establishing itself as a one of the market leaders
in the education industry.
Through this strategic partnership, AIedu will integrate its
AI-engineered reading app (The Little Egg App) with the partner
company's extensive user base, creating an enriched and interactive
learning environment for pre-school children. The Little Egg App is
designed to inspire students' passion for learning and foster
creativity through the power of AI and ChatGPT.
Stewart Lor, CEO of Powerbridge
Technologies, expressed optimism about the partnership's potential:
"With AIedu already demonstrating impressive growth, this
partnership presents significant opportunities for accelerated
growth at AIedu. It aligns well with our long-term growth vision
and solidifies our position as a significant player in AI education
innovation."
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.
About Ascendent Insight
AIedu is a provider of AI-powered apps and online educational
services focusing on guided-reading solutions, with over 20,000
reading materials and a user base of more than 400,000 young
children. It serves over 4,000 nurseries and kindergartens with
40,000 educators supported by 10 operational centers and 150 city
partners across China.
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.