ZHUHAI, China, Feb. 3, 2022 /PRNewswire/ -- Powerbridge
Technologies Co., Ltd. (Nasdaq: PBTS) ("Powerbridge" or the
"Company"), a provider of multi-industry technology solutions, is
pleased to announce its partnership between its wholly-owned
subsidiary, Powermeta Digital Co., Ltd. ("Powermeta") and
Beyondvision Cultural Development Co., Ltd. ("Beyondvision") to
jointly establish Metafusion Digital Co., Ltd. ("Metafusion") with
the vision to embrace metaverse into the virtual world of travel
and leisure.
Metafusion will apply metaverse and NFT related technologies to
reshape the travel and leisure industry services and elevate
consumer experience with immersive digital spaces. Metafusion will
focus on smart travel and leisure site operations, metaverse
tourism, metaverse museums and NFT of cultural intellectual
properties.
Furthermore, Metafusion will leverage on Beyondvision's vast
experience as well as its customers and partners to bolster smart
applications and metaverse technology into the travel and leisure
industry. Beyondvision's accumulated customer base and resources
will provide Metafusion with an established foothold in the market
to build various metaverse scenes to the consumers with enhanced
immersive experience.
Stewart
Lor, President of Powerbridge, commented: "As more and more
tech giants such as Meta, Microsoft, Disney, Tencent, Baidu and ByteDance are venturing into
metaverse, we strongly believe this technology will change the way
we experience the world. With the influence of metaverse and NFT
technologies, it will help revolutionize the travel and leisure
industry so as to expand our revenue channel. We hope to see that
the operating income of Metafusion will exceed $15 million within the next two
years."
Dr. Evan Liao, President of
Metafusion, stated "I look forward to lead the team at Metafusion
as I believe we are well-positioned to take advantage of
opportunities to apply smart applications and metaverse technology
in the travel and leisure industry. The metaverse technology is a
perfect match to enhance consumer experience at the travel and
leisure sites, and NFT is ideal to further support our metaverse
ecosystem. I trust that my background and expertise will add
significant value to the company."
Dr. Evan Liao has been appointed
as the president of Metafusion. As a veteran of the urban planning
and travel and leisure industries, Dr. Evan has over 20 years of
experience in project planning and site development. Dr. Evan
obtained his masters' and doctoral degrees from internationally
renowned universities in Taiwan
and the United States, and he's
worked with renowned institutions such as the BBC and the
International Tourism Investment Association (ITIA) among others as
a consultant, lecturer or member.
About Powerbridge Technologies
Powerbridge
Technologies Co., Ltd. (Nasdaq: PBTS) is a provider of technology
solutions for the global trade industry, IoT platform services as
well as intelligent fixtures and devices for smart city operations,
supply chain platforms and social livestreaming services for the
retail industry, metaverse and smart solutions for the travel and
leisure industry, as well as cryptomining and digital asset
operations. For more information,
visit www.powerbridge.com/ir/ .
Safe Harbor Statement
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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
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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
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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