ZHUHAI, China, March 28,
2023 /PRNewswire/ -- With 25 years of
experience, Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS)
("Powerbridge" or the "Company"), is an established provider
of a broad spectrum of digital solutions and technology services.
The Company's offerings range from SaaS to ePlatforms and to Smart
Devices for global trade, education, travel and leisure, and
digital assets. Powerbridge's clients span a diverse range of
global trade and cross-border participants to retail customers
and educators. Since listed on Nasdaq, Powerbridge delved into
the sectors of metaverse development, AI based education, and
cryptocurrency.
Here is a brief overview of
Powerbridge's corporate
history:
- 2023: Announced plan to further enhance ChatGPT into education
services
- 2023: Acquired majority stake in several high growth technology
companies
- 2022: Engaged in M&A for AI and Blockchain technology
companies
- 2022: Developed metaverse and NFT solutions for several
industries
- 2021: Revealed plans to engage in digital assets for
Bitcoin and Ethereum
- 2020: Developed an IoT platform and smart fixtures and
equipment
- 2019: Listed on Nasdaq under the ticker symbol "PBTS"
- 2019: Began to provide digital solutions across multiple
industries
- 2018: Developed Powerbridge BaaS platform and offerings
- 2016: Provided Powerbridge SaaS platform for cross-border
eCommerce
- 2014: Launched Logistics Cloud platform and supply chain
solutions
- 2010: Offered cross-border trade and eCommerce platforms
- 2007: Began to provide technology solutions and services for
global trade
- 2000: Launched China's first international trade ERP management
software
- 1997: The Company was founded as a software development
company
Overall, Powerbridge has a history of innovation and has
continued to evolve and adapt to changes in the newest technology
and services across multiple industries.
Here is a summary of the Company's revenues over the past
five years:
- 2021: $32.1 million
- 2020: $26.6 million
- 2019: $20.1 million
- 2018: $23.1 million
- 2017: $21.6 million
The Company primarily generates revenue through its digital
solutions and ePlatforms. These services include:
- Cross-border eCommerce Platform: Allowing businesses to import
and export their products and providing services such as compliance
and logistics
- Logistics Cloud Platform: Providing supply chain management
solutions that help streamline operations, optimize inventory, and
improve delivery
- SaaS Solutions: Offering various solutions for international
trade and cross-border eCommerce, including data analysis and
customer management
Powering New Business Lines
In 2022, the Company expanded its offerings to include metaverse
and NFT solutions, demonstrating its continued commitment to
staying at the forefront of emerging technologies. In addition, the
Company began to explore M&A opportunities in the digital
service, AI and Blockchain sectors, which led to the acquisition of
majority stakes in several profitable technology companies in
2023.
Looking ahead, Powerbridge has announced plans to further
enhance its presence in the education industry by leveraging AI and
ChatGPT technologies. The Company also intends to continue its
expansion into the digital assets market by engaging in
cryptocurrency as part of its overall blockchain
development strategy.
Powerbridge is committed to maintaining compliance and
corporate governance standards. Stewart Lor, CEO of the
Company, an American founder has increased his stake in the
Company and assures stakeholders that the Company is unlike some
other Chinese companies listed on U.S. exchanges for
compliance and corporate governance practices.
With over 20 years of experience, Powerbridge has demonstrated a
track record of doing business the right way and growing its
business. As the Company looks into the future, Stewart Lor intends to lead and grow
Powerbridge into a holding company that operates several
leading-edge businesses. He expects the Company's market
capitalization to surpass $1 billion
within the next two-to-three years.
With its continued dedication to innovation and emerging
technologies, Powerbridge is poised for continued success to
deliver long-term value to its shareholders.
About Powerbridge Technologies
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a leading
provider of multi-industry technology solutions. The Company offers
software and platform applications, IoT platform services and
intelligent devices, supply chain platforms and interactive media
services, metaverse and digital services, and cryptomining platform
services and cryptocurrency asset 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
Website: www.powerbridge.com/ir/
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SOURCE Powerbridge Technologies Co., Ltd.