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Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a leading provider of multi-industry technology solutions, offering a wide array of services designed to enhance operational efficiency and drive digital transformation. The company is headquartered in Zhuhai, China, and operates globally, servicing various industries such as trade, agriculture, education, and cryptocurrency.
Powerbridge’s core business revolves around developing and deploying advanced software and platform applications, IoT platform services, intelligent devices, supply chain platforms, and interactive media services. Their expertise extends into the metaverse and digital services, as well as cryptocurrency asset operations and services. The company is known for its innovative approach and commitment to delivering high-quality digital solutions to its clients.
One of Powerbridge's notable achievements includes securing a contract with OPPO to implement the Powerbridge Customs Clearance System (G-CIS) for OPPO's export operations in Southeast Asia. This system is designed to digitize and streamline OPPO's cross-border trade operations, enhancing operational efficiency and compliance with evolving trade regulations. The partnership underscores Powerbridge’s role as a trusted technology partner on the international market.
In a significant move to diversify its portfolio, Powerbridge announced a strategic joint venture to establish Agro Digital Fintech Co., Ltd., a fintech company focused on the agriculture and livestock farming industries. This venture aims to leverage advanced technologies like IoT, blockchain, AI, and big data to drive the digital transformation of these sectors, promoting financial inclusion and sustainable agricultural practices.
Powerbridge's subsidiary, Ascendent Insight Education Co., Ltd. (AIedu), has also formed a strategic partnership with a leading education industry player to promote AI education. The integration of AIedu's Little Egg App with the partner’s extensive user base aims to create an enriched and interactive learning environment for pre-school children, fostering creativity and a passion for learning through AI and ChatGPT.
Despite facing a temporary compliance issue with the Nasdaq minimum bid price requirement, Powerbridge remains proactive in improving its financial position and operational results. The company has announced a share consolidation to meet the Nasdaq listing standards and continues to trade under the ticker “PBTS”.
Powerbridge's recent strategic partnership with a prominent global smartphone provider marks a significant step in its global expansion efforts. The collaboration aims to optimize the client’s global supply chain and compliance operations across Asia and Europe, highlighting Powerbridge's capabilities and commitment to enhancing its global reach.
In summary, Powerbridge Technologies Co., Ltd. is a dynamic and forward-thinking company committed to driving digital transformation across multiple industries. With a solid track record of innovation, strategic partnerships, and global expansion, Powerbridge is poised for continued growth and success in the ever-evolving technology landscape.
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) has acquired a 19% stake in DTI Group Limited, a leading technology firm specializing in digitalizing international trade. This strategic acquisition aims to enhance Powerbridge's operations within the digital trade ecosystem and support the United Nations' project for improving cross-border trade efficiency. CEO Stewart Lor highlighted the growing demand for international trade digitalization and the potential for increased investor value through this partnership.
Powerbridge Technologies (NASDAQ: PBTS) received a Notification Letter from NASDAQ on November 7, 2022, indicating non-compliance with the minimum bid price requirement under NASDAQ Listing Rule 5550(a)(2). The Company must maintain a closing bid price of at least US$1.00 per share for 10 consecutive trading days to regain compliance by May 8, 2023. Although this notification does not affect the trading of its shares, Powerbridge is exploring measures to improve its financial position to address the issue.
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) announced its exclusive right to offer soccer collectable NFTs in China through a partnership with the World Football Collection on Ali Auction, launched on September 20, 2020. The first batch of NFTs sold out within an hour, attracting over 240,000 views. Ali Auction, established by Alibaba Group, hosts more than 2 million daily active users. CEO Stewart Lor expressed optimism about growth in the metaverse and NFT sectors.
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) has regained compliance with Nasdaq's minimum bid price requirement. As of July 29, 2022, the company's common shares traded above $1.00 for 10 consecutive days from July 15 to July 28, allowing it to meet Nasdaq Listing Rule 5550(a)(2). This development ensures that Powerbridge remains listed on the Nasdaq Stock Market, which is crucial for investor confidence and market presence.
Powerbridge Technologies (Nasdaq: PBTS) announced its Smart Monitoring Platform (SMP) has been selected by Zhuhai City Science and Technology Innovation Bureau for public procurement in customs and trade zones. The SMP utilizes advanced technologies like AI, IoT, and the Beidou Navigation System, streamlining customs processes and significantly improving operational efficiency. It has generated over $2.4 million in revenue and is projected to bring an additional $15 million within two to three years. Key metrics indicate a 37% reduction in vehicle clearance times and a 46.7% increase in imports from border zones.
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) announced new contracts exceeding $5 million with leading enterprises in rail transit, expedited courier services, and smartphones. The contracts focus on providing digital transformation solutions to enhance global operational and management capabilities amidst rising market demands. The solutions include a global regulatory compliance system, customs digital monitoring, and smart logistics management aimed at reducing operational costs and improving efficiency. Company President Stewart Lor emphasized the importance of digital transformation for enterprise performance.
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) announced a partnership with Beyondvision Cultural Development Co., Ltd. to establish Metafusion Digital Co., Ltd. This joint venture aims to integrate metaverse and NFT technologies into the travel and leisure industry, enhancing consumer experiences with immersive digital spaces. Metafusion plans to generate over $15 million in operating income within two years. Dr. Evan Liao will lead the initiative, leveraging over 20 years of experience in urban planning and travel industries.
Powerbridge Technologies Co., Ltd. (NASDAQ: PBTS) has received a notification from NASDAQ regarding its non-compliance with the minimum bid price requirement of $1.00 per share, following a 30-day period where the closing bid price was below this threshold. The company has until July 11, 2022, to regain compliance by achieving a minimum closing bid price of $1.00 for 10 consecutive trading days. The notification does not immediately affect trading, and Powerbridge plans to monitor its share price and implement strategies to improve its financial standing.
Powerbridge Technologies (Nasdaq: PBTS) has launched a new wholly-owned subsidiary, Powerstream Supply Chain Co., Ltd., focusing on growth opportunities in retail, supply chain, and e-commerce. Powerstream will create a technology-enabled supply chain financing platform, leveraging blockchain and big data. The initiative aims to enhance resource sharing and capital turnover efficiency. Powerbridge anticipates that Powerstream will generate around $100 million in revenue over the next 24 months, building on collaborations like the one with Suddenly a Week Brand Management.
Powerbridge Technologies (PBTS) announced plans to expand its cryptocurrency mining operations into North America, targeting a facility in Canada capable of hosting up to 20,000 BTC and ETH mining rigs. This move is supported by favorable Canadian government incentives for the crypto industry, aligning with Powercrypto's goals of establishing efficient, environmentally friendly operations. President Stewart Lor emphasized that this expansion represents a significant milestone for the company, intending to leverage green energy for enhanced operational efficiency.
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