ZHUHAI, China, Aug. 17, 2021 /PRNewswire/ -- Powerbridge
Technologies Co., Ltd. (Nasdaq: PBTS) ("Powerbridge" or the
"Company"), a SaaS solutions and Blockchain applications provider,
today announced it has entered into a collaborative agreement
("Agreement") with Cryptodigital Holdings Ltd. ("Cryptodigital").
Under the terms of the Agreement, Cryptodigital will provide
related services to Powerbridge for acquiring a certain number of
bitcoin (BTC) and ethereum (ETH) miners and developing and managing
the mining operations in Asia and
North America.
Stewart Lor, President and Chief
Financial Officer, commented, "We are delighted to have established
a strategic partnership with Cryptodigital. We look forward to
working with Cryptogital's team of industry-leading professionals
and leveraging their resources to consistently acquire miners. In
addition, we will work closely to develop and manage our global
mining operations. We believe that our partnership will
substantially drive the Company to achieve a competitive level of
mining fleet and hashrate."
ABOUT POWERBRIDGE
Powerbridge Technologies Co., Ltd., a growth-driven technology
company is primarily engaged in SaaS solutions and Blockchain
applications. Powerbridge SaaS integrates AI, big data, and IoT
offering SaaS platforms for cross-border e-commerce, supply chain,
data intelligence, and IoT applications and devices. Powerbridge
Blockchain consists of BTC and ETC mining and digital assets, IPFS
distributed network services, and industry-specific Blockchain
applications. For more information, visit www.powerbridge.com/en.
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.
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.
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.
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SOURCE Powerbridge Technologies