ZHUHAI, China, Sept. 13, 2021 /PRNewswire/ -- Powerbridge
Technologies Co., Ltd. (Nasdaq: PBTS) ("Powerbridge" or the
"Company"), a SaaS solutions and Blockchain applications provider,
today announced it has completed the design and development of the
technology infrastructure of its Powerbridge Blockchain Supply
Chain Traceability Platform (the "Blockchain Traceability
Platform"), which is now at the multi-consumer industry
applications development stage.
The Blockchain Traceability Platform integrates Blockchain
technologies with big data and AI, to collect transaction data and
track the entire supply chain with a "one product - one code"
system, thus achieving supply chain transparency and traceability
from product production to distribution logistics to business
transactions. It effectively prevents circulation of counterfeit
and inferior products and enables the protection of corporate
brands and consumer rights.
"By increasing the efficiency of the supply chain with full
traceability of consumer products, our platform can prevent
consumer-deceiving product information, and in the process can help
merchants build and maintain consumer trust and confidence," said
Stewart Lor, President of
Powerbridge Technologies.
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