Powerbridge Systems Acquires AIedu, Unlocking New Avenues for ChatGPT Apps

ZHUHAI, China, April 4, 2023 /PRNewswire/ — Powerbridge Systems Co., Ltd. (Nasdaq: PBTS) (“Powerbridge” or the “Company”), a foremost service provider of multi-business technological know-how options, now declared it has obtained 90% stake of Ascendent Insights Instruction Co., Ltd. (“AIedu”), an AI schooling assistance enterprise. This go is aspect of Powerbridge’s technique to develop its existence in the education field and leverage AIedu’s expertise to more strengthen its choices.

The acquisition of AIedu will enable Powerbridge Systems to integrate ChatGPT into its existing schooling choices, one particular of the essential motorists of growth for the Corporation. ChatGPT is a match-shifting item in early childhood instruction that presents customized understanding expertise for students. The integration of ChatGPT into Powerbridge’s existing education and learning offerings is predicted to generate significant advantages for the Enterprise, which includes expanded market place possibilities, a larger sized user base, and elevated revenue streams.

“Signing up for forces with Powerbridge will assistance us to offer our AI-run schooling expert services to a much larger foundation of participant far more pupils,” said Aaron Liu, CEO of AIedu. “We are energized to perform with Powerbridge to integrate our impressive products and solutions and further more establish reducing-edge options that meet the requires of pre-childhood schooling. Our team is psyched to deliver continued values to the business.

Stewart Lor, CEO of Powerbridge Systems, commented: “The acquisition of AIedu is an fascinating action forward as the Organization continues to innovate and carry reducing-edge technological innovation solutions to the education industry. With our emphasis on personalized understanding encounters for pre-university kids, we are nicely-positioned to tap into this rising industry and push long run growth for our shareholders.

About Ascendent Insights

AIedu is an AI education and learning assistance enterprise with extra than 400,000 buyers and about 20,000 looking through resources. AIedu serves in excess of 4,000 nurseries and kindergartens with 40,000 educators, offering an ground breaking approach to early childhood education by way of its use of AI engineering. Its flagship item, Tiny Egg, has received good responses from mom and dad and educators alike for its skill to supply customized learning experience for every scholar.

About Powerbridge Technologies

Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a major provider of multi-marketplace engineering remedies. The Company provides software and platform applications, IoT system solutions and intelligent equipment, provide chain platforms and interactive media expert services, metaverse and electronic services, and cryptomining system companies and cryptocurrency asset functions.

Harmless Harbor Assertion

This press release includes ahead-searching statements as described by the Private Securities Litigation Reform Act of 1995. Forward-on the lookout statements include statements relating to plans, targets, goals, tactics, foreseeable future situations or effectiveness, and underlying assumptions and other statements that are other than statements of historical specifics. When the Business takes advantage of terms such as “may,” “will,” “intend,” “need to,” “believe,” “be expecting,” “foresee,” “task,” “estimate” or equivalent expressions that do not relate solely to historic issues, it is creating ahead-wanting statements particularly, the Company’s statements pertaining to listing on the NASDAQ Capital Market and the IPO are ahead-searching statements. Ahead-searching statements are not ensures of future effectiveness and require challenges and uncertainties that may well induce the precise success to vary materially from the Company’s expectations reviewed in the ahead-searching statements. These statements are subject matter to uncertainties and hazards together with, but not minimal to, the adhering to: the Firm’s targets and strategies the Firm’s future enterprise enhancement products and company need and acceptance alterations in engineering financial circumstances name and model the effect of opposition and pricing governing administration rules fluctuations in normal economic and organization conditions in China and assumptions underlying or connected to any of the foregoing and other risks contained in stories submitted by the Enterprise with the SEC. For these reasons, between some others, buyers are cautioned not to position undue reliance upon any ahead-searching statements in this push release. More things are discussed in the Firm’s filings with the SEC, which are available for critique at www.sec.gov. The Business undertakes no obligation to publicly revise these forward-wanting statements to mirror occasions or circumstances that occur after the day hereof.

For additional data, remember to make contact with:

Corporate Investor Relations
Powerbridge Technologies Co., Ltd.
E-mail: [email protected]

Website: www.powerbridge.com/ir/

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Resource Powerbridge Technologies Co., Ltd.

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