December 7, 2022

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Powerbridge Systems Enters into Metaverse to Generate a New Product of Clever and Immersive Journey & Leisure

ZHUHAI, China, Feb. 3, 2022 /PRNewswire/ — Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) (“Powerbridge” or the “Business”), a service provider of multi-industry technology options, is happy to announce its partnership among its wholly-owned subsidiary, Powermeta Digital Co., Ltd. (“Powermeta”) and Beyondvision Cultural Progress Co., Ltd. (“Beyondvision”) to jointly set up Metafusion Electronic Co., Ltd. (“Metafusion”) with the eyesight to embrace metaverse into the digital entire world of travel and leisure.

Metafusion will utilize metaverse and NFT connected systems to reshape the vacation and leisure industry companies and elevate client practical experience with immersive electronic spaces. Metafusion will target on wise journey and leisure web-site operations, metaverse tourism, metaverse museums and NFT of cultural mental houses.

On top of that, Metafusion will leverage on Beyondvision’s extensive experience as very well as its buyers and companions to bolster sensible programs and metaverse engineering into the journey and leisure market. Beyondvision’s amassed customer foundation and assets will give Metafusion with an set up foothold in the market to make various metaverse scenes to the individuals with increased immersive expertise.

Stewart Lor, President of Powerbridge, commented: “As much more and additional tech giants this sort of as Meta, Microsoft, Disney, Tencent, Baidu and ByteDance are venturing into metaverse, we strongly believe this technologies will improve the way we practical experience the entire world. With the impact of metaverse and NFT systems, it will enable revolutionize the vacation and leisure business so as to increase our earnings channel. We hope to see that the working money of Metafusion will exceed $15 million within just the next two years.”

Dr. Evan Liao, President of Metafusion, stated “I look ahead to guide the team at Metafusion as I consider we are perfectly-positioned to take advantage of chances to utilize wise applications and metaverse technologies in the travel and leisure marketplace. The metaverse technological innovation is a perfect match to greatly enhance client practical experience at the journey and leisure web pages, and NFT is excellent to additional help our metaverse ecosystem. I have confidence in that my background and experience will insert important worth to the enterprise.”

Dr. Evan Liao has been appointed as the president of Metafusion. As a veteran of the urban scheduling and travel and leisure industries, Dr. Evan has in excess of 20 a long time of knowledge in task setting up and web-site advancement. Dr. Evan received his masters’ and doctoral levels from internationally renowned universities in Taiwan and the United States, and he’s worked with renowned establishments these types of as the BBC and the International Tourism Expense Affiliation (ITIA) among the others as a specialist, lecturer or member.

About Powerbridge Technologies
Powerbridge Systems Co., Ltd. (Nasdaq: PBTS) is a service provider of technological innovation solutions for the worldwide trade industry, IoT platform products and services as well as clever fixtures and products for sensible metropolis operations, provide chain platforms and social livestreaming services for the retail marketplace, metaverse and wise methods for the travel and leisure field, as well as cryptomining and digital asset operations. For more facts, visit www.powerbridge.com/ir/ .

Harmless Harbor Statement 
This press release has forward-searching statements as described by the Non-public Securities Litigation Reform Act of 1995. Forward-looking statements incorporate statements about options, aims, objectives, strategies, future functions or functionality, and underlying assumptions and other statements that are other than statements of historical information. When the Enterprise uses phrases these as “may, “will, “intend,” “need to,” “believe,” “hope,” “foresee,” “project,” “estimate” or identical expressions that do not relate exclusively to historic issues, it is making ahead-on the lookout statements particularly, the Company’s statements with regards to listing on the NASDAQ Cash Market place and the IPO are forward-on the lookout statements. Forward-wanting statements are not assures of long term efficiency and involve hazards and uncertainties that may possibly bring about the true success to differ materially from the Company’s anticipations mentioned in the ahead-searching statements. These statements are subject matter to uncertainties and dangers including, but not limited to, the next: the Company’s plans and approaches the Firm’s long run enterprise advancement product and services demand and acceptance alterations in technological know-how financial ailments track record and model the effects of level of competition and pricing government polices fluctuations in common economic and small business problems in China and assumptions underlying or linked to any of the foregoing and other hazards contained in experiences submitted by the Company with the SEC. For these reasons, amongst some others, investors are cautioned not to position undue reliance on any forward-seeking statements in this press release. Further factors are mentioned in the Company’s filings with the SEC, which are out there for critique at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-wanting statements to reflect events or situations that crop up immediately after the date hereof.

Resource Powerbridge Systems