Powerbridge Technologies Acquires AIedu, Paving New Way for ChatGPT Applications

Applications of AI

Zhuhai, China, April 4, 2023 /PRNewswire/ — Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) (“Powerbridge” or the “Company”), a leading multi-industry technology solutions provider, today acquired a 90% stake in Ascendent Insights Education. announced that it had acquired AIedu Co., Ltd. is an AI education service company. The move is part of his Powerbridge strategy to expand its presence in the education industry and leverage AIedu’s expertise to further improve its product.

Acquisition of AIedu will enable Powerbridge Technologies to integrate ChatGPT into its existing education services. This is he one of the main drivers of our growth. ChatGPT is a breakthrough product in early childhood education, providing students with a personalized learning experience. Integrating ChatGPT into Powerbridge’s existing education offerings is expected to bring significant benefits to the company, including increased market opportunities, a larger user base, and increased revenue streams.

“By joining forces with Powerbridge, we will be able to bring AI-powered educational services to a wider audience.” Aaron Liu, CEO of AIedu. “We are excited to work with Powerbridge to integrate their innovative products to further develop cutting-edge solutions that meet the needs of early childhood education. Our team is excited to bring continued value to the company.” doing.

Stewart LawCEO of Powerbridge Technologies, Comment: “The acquisition of AIedu is an exciting step for us as we continue to innovate and deliver cutting-edge technology services to the education industry, as we continue to focus on personalized learning experiences for preschool children. , we will enter this growing market and facilitate the future growth of our shareholders.

About Ascendent Insight

AIedu is an AI education service company with over 400,000 users and over 20,000 reading materials. With 40,000 educators in over 4,000 preschools and kindergartens, AIedu uses AI technology to provide innovative approaches to early childhood education.Its flagship product, Little Eggs, has been well received feedback Parents and educators appreciate our ability to provide each student with a personalized learning experience.

About PowerBridge Technologies

Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a leading provider of multi-industry technology solutions. The Company provides software and platform applications, IoT platform services and intelligent devices, supply chain platform and interactive media services, metaverse and digital services, and cryptomining platform services. Cryptocurrency asset Management.

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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statement of historical fact.When we use words such as “ma”y,” “WillI,“intend”, “should”, “believe”, “expect”, “predict”, “predict”, “estimate” or similar expressions not relating solely to historical matters are Forward-looking statements are made. Specifically, our statements regarding our listing on the NASDAQ Capital Market and our IPO are forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. increase.These statements are subject to uncertainties and risks, including but not limited to: our goals and strategies, our future business development, demand and acceptance of our products and services, technological changes and the economy. status, reputation and brand; impact of competition and pricing; government regulations; fluctuations in general economic and business conditions; China assumptions underlying or relating to the foregoing and other risks contained in our reports filed with the SEC; For these reasons, among other things, investors are cautioned not to place undue reliance on the forward-looking statements in this press release. Other factors are described in the Company’s filings with the SEC, which can be viewed at www.sec.gov. We undertake no obligation to publicly revise these forward-looking statements to reflect events or circumstances occurring after the date hereof.

For more information, please contact:

Corporate IR information
Power Bridge Technologies Co., Ltd.
Email: [email protected]

Website: www.powerbridge.com/ir/

SOURCE Power Bridge Technologies Co., Ltd.

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