May 26, 2022

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Powerbridge Systems Enters into Metaverse to Create a New Model of Clever and Immersive Vacation & Leisure

ZHUHAI, China, Feb. 3, 2022 /PRNewswire/ — Powerbridge Systems Co., Ltd. (Nasdaq: PBTS) (“Powerbridge” or the “Corporation”), a service provider of multi-market technology alternatives, is pleased to announce its partnership among its wholly-owned subsidiary, Powermeta Electronic Co., Ltd. (“Powermeta”) and Beyondvision Cultural Enhancement Co., Ltd. (“Beyondvision”) to jointly create Metafusion Electronic Co., Ltd. (“Metafusion”) with the vision to embrace metaverse into the virtual environment of vacation and leisure.

Metafusion will utilize metaverse and NFT relevant systems to reshape the vacation and leisure sector providers and elevate customer encounter with immersive electronic spaces. Metafusion will focus on intelligent vacation and leisure website functions, metaverse tourism, metaverse museums and NFT of cultural mental houses.

In addition, Metafusion will leverage on Beyondvision’s extensive experience as properly as its consumers and partners to bolster sensible apps and metaverse know-how into the vacation and leisure field. Beyondvision’s gathered shopper base and resources will deliver Metafusion with an set up foothold in the current market to establish various metaverse scenes to the customers with improved immersive encounter.

Stewart Lor, President of Powerbridge, commented: “As additional and a lot more tech giants these as Meta, Microsoft, Disney, Tencent, Baidu and ByteDance are venturing into metaverse, we strongly think this technology will adjust the way we practical experience the world. With the affect of metaverse and NFT systems, it will support revolutionize the travel and leisure industry so as to increase our earnings channel. We hope to see that the functioning earnings of Metafusion will exceed $15 million in the next two a long time.”

Dr. Evan Liao, President of Metafusion, mentioned “I seem ahead to lead the team at Metafusion as I imagine we are well-positioned to take gain of prospects to implement sensible purposes and metaverse know-how in the journey and leisure sector. The metaverse technology is a perfect match to increase purchaser practical experience at the journey and leisure web sites, and NFT is suitable to additional guidance our metaverse ecosystem. I believe in that my track record and expertise will incorporate significant benefit to the organization.”

Dr. Evan Liao has been appointed as the president of Metafusion. As a veteran of the city arranging and journey and leisure industries, Dr. Evan has about 20 years of knowledge in task setting up and web-site improvement. Dr. Evan acquired his masters’ and doctoral degrees from internationally renowned universities in Taiwan and the United States, and he is labored with renowned establishments this sort of as the BBC and the Worldwide Tourism Expenditure Association (ITIA) between many others as a consultant, lecturer or member.

About Powerbridge Systems
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a provider of technologies remedies for the international trade market, IoT platform companies as effectively as smart fixtures and gadgets for smart town functions, offer chain platforms and social livestreaming companies for the retail industry, metaverse and good solutions for the journey and leisure industry, as effectively as cryptomining and digital asset functions. For more facts, take a look at www.powerbridge.com/ir/ .

Harmless Harbor Statement
This push launch incorporates ahead-on the lookout statements as outlined by the Non-public Securities Litigation Reform Act of 1995. Forward-looking statements consist of statements relating to strategies, goals, objectives, techniques, potential events or performance, and fundamental assumptions and other statements that are other than statements of historic info. When the Business uses words and phrases these types of as “may well, “will, “intend,” “ought to,” “consider,” “assume,” “foresee,” “challenge,” “estimate” or identical expressions that do not relate entirely to historic matters, it is building forward-searching statements specially, the Firm’s statements about listing on the NASDAQ Money Sector and the IPO are ahead-looking statements. Ahead-on the lookout statements are not ensures of long run general performance and require hazards and uncertainties that might result in the actual results to vary materially from the Company’s expectations discussed in the ahead-looking statements. These statements are subject to uncertainties and challenges which include, but not limited to, the following: the Company’s ambitions and methods the Firm’s future business enhancement solution and services demand from customers and acceptance alterations in technological know-how financial conditions reputation and brand the effects of competitiveness and pricing federal government laws fluctuations in standard financial and company conditions in China and assumptions underlying or relevant to any of the foregoing and other pitfalls contained in reviews filed by the Corporation with the SEC. For these good reasons, between many others, investors are cautioned not to position undue reliance upon any forward-looking statements in this push launch. Further factors are talked about in the Company’s filings with the SEC, which are available for evaluation at www.sec.gov. The Corporation undertakes no obligation to publicly revise these ahead-wanting statements to reflect situations or conditions that come up just after the date hereof.

Cision

Check out initial articles:https://www.prnewswire.com/information-releases/powerbridge-systems-enters-into-metaverse-to-generate-a-new-model-of-sensible-and-immersive-travel–leisure-301474782.html

Source Powerbridge Technologies