Expected to advance digital transformation with Huawei
BEIJING, CHINA / ACCESSWIRE / April 12, 2021 / Powerbridge Technologies Co., Ltd. (NASDAQ: PBTS) (“Powerbridge” or the “Company”), a global provider of software applications and technology services to commerce, and Huawei Technologies Co. Ltd. (“Huawei”), a leading global provider of information and communications technology (ICT) infrastructure and smart devices, have entered into a strategic cooperation agreement to jointly promote and market their services to ports and airports. local customs in China.
The agreement serves as a framework outlining the parties’ vision to use cutting-edge technologies such as blockchain, cloud computing, artificial intelligence (“AI”) and the Internet of Things (“IoT”) in industry application of global trade and take advantage of the advantages of the parties to jointly market their products and services to local ports and Chinese customs. The cooperation also aims to seek deeper collaboration to provide better digital transformation solutions in the global commerce industry, as well as to strengthen joint marketing influence in the domestic and international market. Cooperation will focus on i) promoting the construction of smart ports; ii) modernization and acceleration of the construction of Smart Customs; iii) jointly create innovative solutions for Smart Bonded Zone. The parties may enter into another agreement under which they may jointly bid for a specific project.
Huawei and Powerbridge are committed to jointly building a new global business ecosystem in China by leveraging Huawei’s advantage in market resources and Powerbridge’s expertise in digital solutions for global commerce. The collaboration is expected to promote more digital upgrades and innovative solutions for customs, ports and special bonded zone in China.
Stewart Lor, President and Chief Financial Officer of Powerbridge, said: “The collaboration between Powerbridge and Huawei will be a great opportunity to accelerate the digital transformation of the industry. We look forward to this strategic cooperation which will be mutually beneficial and complementary for both parties, which allows us to create a synergistic effect in the market. We also look forward to seeking further collaboration in providing blockchain solutions in the global trade industry with Huawei. “
With today’s announcement, Powerbridge launched two new products, Smart Port and Smart Customs, respectively.
Founded in 1987, Huawei is one of the world’s leading providers of information and communication technology (ICT) infrastructure and smart devices. Huawei has more than 194,000 employees and operates in more than 170 countries and regions, serving more than three billion people around the world.
Huawei’s vision and mission is to bring digital to every person, home and organization for a fully connected and intelligent world. To this end, Huawei will promote ubiquitous connectivity and promote equal access to networks; bring the cloud and artificial intelligence to the four corners of the earth to deliver superior computing power where it’s needed, when it’s needed; create digital platforms to help all industries and organizations become more agile, efficient and dynamic; redefine the user experience with AI, making it more personalized for people in all aspects of their lives, whether they are at home, in the office or on the go. For more information, please visit Huawei online at www.huawei.com.
About Powerbridge Technologies
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a provider of software applications and technology solutions and services to enterprises and governments primarily located in China. Founded in 1997, Powerbridge pioneered global business software applications with the goal of facilitating global business operations for customers. Since its inception, Powerbridge has continued to innovate and provide solutions and services to meet the changing needs of thousands of customers. Powerbridge’s mission is to facilitate global trade by empowering all players in the ecosystem. For more information, visit www.powerbridge.com/en.
Certain statements contained in this press release may constitute “forward-looking statements” within the meaning of federal securities laws, including, but not limited to, our expectations regarding future financial performance, business strategies, or relative expectations. to our company. These statements constitute projections, forecasts and forward-looking statements and are not guarantees of performance. The Company cautions that forward-looking statements are subject to many assumptions, risks and uncertainties, which change over time. Words such as “may”, “may,” “should”, “will”, “estimate”, “plan”, “plan”, “foresee”, “intend”, “expect”, ” anticipate ”,“ believe, “seek”, “target”, “look” or similar phrases may identify forward-looking statements. There can be no assurance that the HPC will be established as intended, when it begins to operate, or that any of the planned activities will not be implemented by the HPC. More specifically, forward-looking statements may include statements relating to:
ability to execute their business plan;
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Therefore, forward-looking statements should not be taken as representative of our point of view at a later date, and you should not place undue reliance on such forward-looking statements in deciding to invest in our securities. We do not undertake to update forward-looking statements to reflect events or circumstances subsequent to the date on which they were made, whether as a result of new information, future events or otherwise, except in the to the extent required by applicable securities laws.
Additional information regarding these and other factors that may affect our expectations and projections can be found in our periodic filings with the SEC, including our Annual Report on Form 20-F for the year ended December 31. 2019. The documents filed by Powerbridge with the SEC are publicly available on the SEC’s website at www.sec.gov. Powerbridge disclaims any obligation to update forward-looking statements, whether as a result of new information, future events or otherwise.
For more information please contact:
Powerbridge Technologies Co., Ltd.
President and Chief Financial Officer
Email: [email protected]
SOURCE: Powerbridge Technologies Co., Ltd.
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