Powerbridge Systems Enters into Metaverse to Generate a New Product of Good and Immersive Travel & Leisure

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ZHUHAI, China, Feb. 3, 2022 /PRNewswire/ — Powerbridge Systems Co., Ltd. (Nasdaq: PBTS) (“Powerbridge” or the “Company”), a provider of multi-industry technological know-how answers, is delighted to announce its partnership between its wholly-owned subsidiary, Powermeta Digital Co., Ltd. (“Powermeta”) and Beyondvision Cultural Progress Co., Ltd. (“Beyondvision”) to jointly create Metafusion Electronic Co., Ltd. (“Metafusion”) with the vision to embrace metaverse into the virtual planet of travel and leisure.

Metafusion will implement metaverse and NFT relevant systems to reshape the journey and leisure field solutions and elevate shopper practical experience with immersive electronic spaces. Metafusion will target on wise journey and leisure website functions, metaverse tourism, metaverse museums and NFT of cultural mental properties.

In addition, Metafusion will leverage on Beyondvision’s extensive practical experience as nicely as its shoppers and associates to bolster wise apps and metaverse engineering into the vacation and leisure business. Beyondvision’s amassed purchaser foundation and assets will provide Metafusion with an proven foothold in the market place to construct a variety of metaverse scenes to the buyers with improved immersive encounter.

Stewart Lor, President of Powerbridge, commented: “As more and additional tech giants this kind of as Meta, Microsoft, Disney, Tencent, Baidu and ByteDance are venturing into metaverse, we strongly consider this engineering will modify the way we practical experience the earth. With the influence of metaverse and NFT technologies, it will enable revolutionize the vacation and leisure industry so as to expand our profits channel. We hope to see that the functioning earnings of Metafusion will exceed $15 million inside the subsequent two several years.”

Dr. Evan Liao, President of Metafusion, stated “I appear forward to guide the team at Metafusion as I believe that we are perfectly-positioned to get benefit of possibilities to utilize good applications and metaverse technology in the vacation and leisure market. The metaverse engineering is a excellent match to boost buyer practical experience at the journey and leisure web-sites, and NFT is ideal to even further assistance our metaverse ecosystem. I trust that my history and experience will include sizeable benefit to the corporation.”

Dr. Evan Liao has been appointed as the president of Metafusion. As a veteran of the urban planning and travel and leisure industries, Dr. Evan has above 20 a long time of expertise in task setting up and website progress. Dr. Evan attained his masters’ and doctoral levels from internationally renowned universities in Taiwan and the United States, and he is worked with renowned establishments these as the BBC and the Global Tourism Financial investment Affiliation (ITIA) among the others as a marketing consultant, lecturer or member.

About Powerbridge Systems
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a service provider of know-how methods for the international trade marketplace, IoT system expert services as very well as intelligent fixtures and gadgets for intelligent city functions, offer chain platforms and social livestreaming solutions for the retail market, metaverse and wise options for the vacation and leisure business, as well as cryptomining and electronic asset operations. For a lot more information and facts, visit www.powerbridge.com/ir/ .

Safe and sound Harbor Statement 
This push launch consists of ahead-hunting statements as described by the Personal Securities Litigation Reform Act of 1995. Forward-on the lookout statements consist of statements regarding strategies, targets, plans, approaches, long term activities or overall performance, and underlying assumptions and other statements that are other than statements of historic facts. When the Company makes use of words this sort of as “might, “will, “intend,” “should,” “imagine,” “expect,” “foresee,” “task,” “estimate” or very similar expressions that do not relate entirely to historical issues, it is building forward-looking statements exclusively, the Firm’s statements relating to listing on the NASDAQ Capital Market place and the IPO are forward-searching statements. Forward-hunting statements are not assures of upcoming overall performance and require hazards and uncertainties that may possibly lead to the true final results to differ materially from the Company’s anticipations discussed in the forward-searching statements. These statements are topic to uncertainties and challenges together with, but not minimal to, the following: the Firm’s aims and methods the Company’s foreseeable future small business progress merchandise and provider desire and acceptance modifications in engineering financial ailments standing and brand name the effect of competitiveness and pricing federal government restrictions fluctuations in common economic and business enterprise disorders in China and assumptions fundamental or relevant to any of the foregoing and other challenges contained in stories filed by the Enterprise with the SEC. For these explanations, among the other folks, traders are cautioned not to place undue reliance on any forward-on the lookout statements in this press launch. Additional factors are mentioned in the Firm’s filings with the SEC, which are accessible for evaluate at www.sec.gov. The Enterprise undertakes no obligation to publicly revise these forward-searching statements to mirror situations or situations that crop up immediately after the date hereof.

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