Powerbridge Technologies to Build a Supply Chain Management SaaS Platform Based on Blockchain Technology

ZHUHAI, China, July 27, 2021 /PRNewswire/ -- Powerbridge Technologies Co., Ltd. (Nasdaq:PBTS) ("Powerbridge" or the "Company"), an innovative technology services provider, revealed that the Company is currently building a Blockchain enabled Supply Chain Management SaaS Platform, embracing Blockchain technology to optimize and integrate traditional supply chain systems.

Powerbridge Technologies is an innovative technology company focusing on providing AI, loT, Blockchain, and financial technologies, as well as SaaS solutions and operational services in various fields such as cross-border trade, smart cities and government services.

Powerbridge's Blockchain enabled Supply Chain Management SaaS Platform will serve to connect suppliers, logistics service providers, distributors, retailers and end users into an integrated feature network, implementing real-time information sharing for all participants, while ensuring the efficiency of information transmission and the credibility of the information.

Stewart Lor, President and Chief Financial Officer of Powerbridge, commented: "We hope that through our Blockchain management platform, Blockchain technology can be applied into more practical scenarios and deeply integrated with businesses. We will continue to perform more trials and innovations in the Blockchain applications as well as SaaS. We expect the application of Blockchain technology to bring continued growth to the company's revenue. Powerbridge will also extend its application to supply chain financial technology and other fields in the future."

About Powerbridge

Established since 1997, Powerbridge Technologies Co., Ltd., a Nasdaq listed company (stock symbol ? PBTS) provides a series of smart-technology based products and solutions, including global trade related ports and customs management platforms, cross-border and global trade solutions, smart city technology products and solutions, as well as technology-enabled financial services, utilizing cutting-edge technologies such as Big Data, AI, Blockchain and IoT.

FORWARD LOOKING STATEMENT

Certain statements in this press release may constitute "forward-looking statements" within the meaning of the federal securities laws, including, but not limited to, our expectations for future financial performance, business strategies or expectations for our business. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Company cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Words such as "may," "can," "should," "will," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "target," "look" or similar expressions may identify forward-looking statements. There is no assurance that the supercomputing center will be established as planned, when it will start operation nor any of the planned activities will be implemented by the supercomputing center. Specifically, forward-looking statements may include statements relating to the Company's:

• ability to execute its business plan;
• changes in the market for Company's products and services; and
• expansion plans and opportunities.

These forward-looking statements are based on information available as of the date of this press release and our management's current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but not are limited to, the risk factors described by Powerbridge in its filings with the Securities and Exchange Commission ("SEC"). These risk factors and those identified elsewhere in this press release, among others, could cause actual results to differ materially from historical performance.

Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and you should not place undue reliance on these forward-looking statements in deciding whether to invest in our securities. We do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Additional information concerning these and other factors that may impact our expectations and projections can be found in our periodic filings with the SEC, including our Annual Report on Form 20-F for the fiscal year ended December 31, 2019. Powerbridge SEC filings are available publicly on the SEC's website at www.sec.gov. Powerbridge disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.

For more information, please contact:

Corporate:
Powerbridge Technologies Co., Ltd.
Stewart Lor
President and Chief Financial Officer
Email: [email protected]

Investor Relations:
ClearThink
Phone: 917-658-7878
[email protected]
Email: [email protected]

SOURCE Powerbridge Technologies Co., Ltd.