ZHUHAI, China, Aug. 24, 2021 /PRNewswire/ -- Powerbridge
Technologies Co., Ltd. (Nasdaq: PBTS) ("Powerbridge Technologies"
or the "Company"), a SaaS solutions and Blockchain applications
provider, announced today that Michael
Liang Zhao, a proven industry expert is joining Powerbridge
Technologies to lead the Company's technology development efforts
in blockchain applications and cryptocurrency mining.
Mr. Zhao is an established and proven blockchain and
cryptocurrency expert with many years of working experience,
particularly in Bitcoin and Ethereum mining. He has participated
and contributed to multiple international public blockchain
projects. Before joining Powerbridge Technologies, Mr. Zhao had
successfully led the development of a public blockchain focusing on
data storage and analysis.
Mr. Zhao created and developed an AI-based and GPU integrated
operating system (FXOS) designed for the mining of Ethereum and
other GPU-based cryptocurrencies. FXOS is a fully automated
operating system with AI intelligent functionalities that can
significantly enhance mining efficiency. Mr. Zhao currently owns
several Ethereum mining operations.
Mr. Zhao previously served as CTO at Nasdaq-listed companies
Tudou Holdings (TUDO) and Ku6.com (KUTV), both companies were later
acquired by publicly listed companies. He held various technology
positions at Microsoft and IBM. Mr. Zhao co-founded and invested in
several technology startups that received venture investments from
top-tiered VCs such as Bertelsmann, Legend Capital, and Cherubic
Ventures.
Stewart Lor, President and Chief
Financial Officer of Powerbridge Technologies, stated: "The
blockchain and crypto markets are growing and changing rapidly. We
need someone with Michael's caliber and expertise to lead our
blockchain technology and applications development. I am pleased
Michael is on board with us, and we are excited to working with
Michael to continue growing our blockchain and crypto
business."
About Powerbridge Technologies
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 eCommerce, supply chain,
data intelligence, and IoT applications and devices. Powerbridge
Blockchain consists of BTC and ETH mining and digital assets, IPFS
distributed network services, and industry-specific Blockchain
applications. 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.
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SOURCE Powerbridge Technologies