ZHUHAI, China, Nov. 14,
2022 /PRNewswire/ -- Powerbridge Technologies
Co., Ltd. (Nasdaq: PBTS) ("Powerbridge" or the "Company"), a
provider of multi-industry technology solutions, announces that the
Company has acquired 19% stake of DTI Group Limited ("DTI"), a
technology company specializing in international trade
digitalization and platforms.
The acquisition is consistent with the
Company's development plan and contributes to the
expansion of its operations by building a trade
digitalization ecosystem. DTI is one of the leading
platform developers and service providers for Digital Trading
Infrastructure & Online Dispute Resolution, a global
project initiated by the United Nations Conference
on Trade and Development. With the strategic acquisition,
Powerbridge and DTI will be working closely together
to implement the United Nation's project (the
"Project").
The objective of the Project is to
enhance digital trade connectivity and operations among online
cross-border trade platforms and offline trade hubs in order to
empower both the established and new global trade
players. The Project will also be equipped with various
digital trade systems that encourage cooperation and communications
among local and global players, which is designed to
increase the overall efficiency of cross-border trade and
e-commerce.
Stewart Lor, CEO of
Powerbridge commented: "We see that the market demand for
international trade digitalization is growing rapidly. We look
forward to working with DTI to integrate our technology and market
resources in developing and implementing the United Nation's
Project. We believe this acquisition is critical to our growth and
will enhance investor value."
About Powerbridge Technologies
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a provider
of multi-industry technology solutions, including software
applications and services 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 digital
asset management and operations.
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.
For more information, please contact:
Corporate Investor Relations
Powerbridge Technologies Co., Ltd.
Email: ir@powerbridge.com
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SOURCE Powerbridge Technologies Co., Ltd.