ZHUHAI, China, July 27, 2021 /PRNewswire/ -- Powerbridge
Technologies Co., Ltd. (Nasdaq:PBTS) ("Powerbridge" or the
"Company"), an innovative technology services provider, revealed
that the Company is currently building a Blockchain enabled Supply
Chain Management SaaS Platform, embracing Blockchain technology to
optimize and integrate traditional supply chain systems.
Powerbridge Technologies is an innovative technology company
focusing on providing AI, loT, Blockchain, and financial
technologies, as well as SaaS solutions and operational services in
various fields such as cross-border trade, smart cities and
government services.
Powerbridge's Blockchain enabled Supply Chain Management SaaS
Platform will serve to connect suppliers, logistics service
providers, distributors, retailers and end users into an integrated
feature network, implementing real-time information sharing for all
participants, while ensuring the efficiency of information
transmission and the credibility of the information.
Stewart Lor, President and Chief
Financial Officer of Powerbridge, commented: "We hope that through
our Blockchain management platform, Blockchain technology can be
applied into more practical scenarios and deeply integrated with
businesses. We will continue to perform more trials and innovations
in the Blockchain applications as well as SaaS. We expect the
application of Blockchain technology to bring continued growth to
the company's revenue. Powerbridge will also extend its application
to supply chain financial technology and other fields in the
future."
About Powerbridge
Established since 1997, Powerbridge Technologies Co., Ltd., a
Nasdaq listed company (stock symbol – PBTS) provides a series of
smart-technology based products and solutions, including global
trade related ports and customs management platforms, cross-border
and global trade solutions, smart city technology products and
solutions, as well as technology-enabled financial services,
utilizing cutting-edge technologies such as Big Data, AI,
Blockchain and IoT.
FORWARD LOOKING STATEMENT
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the federal
securities laws, including, but not limited to, our expectations
for future financial performance, business strategies or
expectations for our business. These statements constitute
projections, forecasts and forward-looking statements, and are not
guarantees of performance. Company cautions that forward-looking
statements are subject to numerous assumptions, risks and
uncertainties, which change over time. Words such as "may," "can,"
"should," "will," "estimate," "plan," "project," "forecast,"
"intend," "expect," "anticipate," "believe," "seek," "target,"
"look" or similar expressions may identify forward-looking
statements. There is no assurance that the supercomputing center
will be established as planned, when it will start operation nor
any of the planned activities will be implemented by the
supercomputing center. Specifically, forward-looking statements may
include statements relating to the Company's:
- ability to execute its business plan;
- changes in the market for Company's products and services;
and
- expansion plans and opportunities.
These forward-looking statements are based on information
available as of the date of this press release and our management's
current expectations, forecasts and assumptions, and involve a
number of judgments, risks and uncertainties that may cause actual
results or performance to be materially different from those
expressed or implied by these forward-looking statements. These
risks and uncertainties include, but not are limited to, the risk
factors described by Powerbridge in its filings with the Securities
and Exchange Commission ("SEC"). These risk factors and those
identified elsewhere in this press release, among others, could
cause actual results to differ materially from historical
performance.
Accordingly, forward-looking statements should not be relied
upon as representing our views as of any subsequent date, and you
should not place undue reliance on these forward-looking statements
in deciding whether to invest in our securities. We do not
undertake any obligation to update forward-looking statements to
reflect events or circumstances after the date they were made,
whether as a result of new information, future events or otherwise,
except as may be required under applicable securities laws.
Additional information concerning these and other factors that
may impact our expectations and projections can be found in our
periodic filings with the SEC, including our Annual Report on Form
20-F for the fiscal year ended December 31,
2019. Powerbridge SEC filings are available publicly on the
SEC's website at www.sec.gov. Powerbridge disclaims any obligation
to update the forward-looking statements, whether as a result of
new information, future events or otherwise.
For more information, please contact:
Corporate:
Powerbridge Technologies Co., Ltd.
Stewart Lor
President and Chief Financial Officer
Email: stewartlor@powerbridge.com
Investor Relations:
ClearThink
Phone: 917-658-7878
nyc@clearthink.capital
Email: IR@powerbridge.com
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SOURCE Powerbridge Technologies Co., Ltd.