ZHUHAI, China, April 4,
2023 /PRNewswire/ -- Powerbridge Technologies Co.,
Ltd. (Nasdaq: PBTS) ("Powerbridge" or the "Company"), a leading
provider of multi-industry technology solutions, today announced it
has acquired 90% stake of Ascendent Insights Education Co., Ltd.
("AIedu"), an AI education service company. This move is part of
Powerbridge's strategy to expand its presence in the education
industry and leverage AIedu's expertise to further improve its
offerings.
The acquisition of AIedu will enable Powerbridge Technologies to
integrate ChatGPT into its existing education offerings, one of the
key drivers of growth for the Company. ChatGPT is a game-changing
product in early childhood education that provides personalized
learning experience for students. The integration of ChatGPT into
Powerbridge's existing education offerings is expected to create
substantial benefits for the Company, including expanded market
opportunities, a larger user base, and increased revenue
streams.
"Joining forces with Powerbridge will help us to provide our
AI-powered education services to a larger base of participant more
students," said Aaron Liu, CEO of
AIedu. "We are excited to work with Powerbridge to integrate our
innovative products and further develop cutting-edge solutions that
meet the needs of pre-childhood education. Our team is excited to
bring continued values to the company."
Stewart Lor, CEO of Powerbridge
Technologies, commented: "The
acquisition of AIedu is an exciting step forward as the Company
continues to innovate and bring cutting-edge technology services to
the education industry. With our focus on personalized learning
experiences for pre-school children, we are well-positioned to tap
into this growing market and drive future growth for our
shareholders."
About Ascendent Insights
AIedu is an AI education service company with more than 400,000
users and over 20,000 reading materials. AIedu serves over 4,000
nurseries and kindergartens with 40,000 educators, providing an
innovative approach to early childhood education through its use of
AI technology. Its flagship product, Little Egg, has received
positive feedback from parents
and educators alike for its ability to provide personalized
learning experience for each student.
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.