ZHUHAI, China, March 30,
2023 /PRNewswire/ -- Powerbridge Technologies Co.,
Ltd. (Nasdaq: PBTS) ("Powerbridge" or the "Company"), a provider of
multi-industry technology solutions, has announced today that it
has successfully acquired a majority stake of 51% in DTI Group, a
leading platform developer and service provider for digital trade
infrastructure in China.
The acquisition is a strategic move that contributes to the
expansion of Powerbridge's operations by building a digital trade
ecosystem. DTI's expertise in digital trade infrastructure will
complement Powerbridge's existing capabilities and enhance the
Company's ability to deliver innovative solutions that drive
efficiency and growth for cross-border trade and e-commerce. With
DTI's strong performance and a series of recently signed digital
solutions contracts valued at approximately $10 million, it is expected that this acquisition
provides significant values and benefits to Powerbridge.
Stewart Lor, CEO of Powerbridge
Technologies commented: "We are excited to have acquired a majority
stake in DTI Group as we continue to expand our operations in trade
digitization. DTI's leading platform development and service
provision capabilities, combined with Powerbridge's cutting-edge
technology solutions, will enable us to build a comprehensive trade
digitalization ecosystem and provide more efficient services to our
customers.
This acquisition marks an important milestone for Powerbridge as
the Company continues to invest in the development of its
technology solutions and expand its market reach. We are committed
to delivering innovative solutions that drive efficiency and growth
in trade digitization, and we believe this acquisition is expected
to bring substantial financial and operational benefits to the
Company and our stakeholders."
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.