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ZHUHAI, CHINA / ACCESSWIRE / April 1, 2021 / Powerbridge Technologie Co., Ltd. (NASDAQ:PBTS) ("Powerbridge" or the "Company"), a global trade software applications and technology services provider, announced that Powerbridge Smart Monitoring Control Platform was selected by the local port authority, following competitive bidding process for the Pingxiang Project in Guangxi, China.
The Pingxiang Project fosters the digital infrastructure construction for the Belt and Road initiative and promotes the development of cross-border trade, focusing on business innovation and newer technology application.
Smart Monitoring Control Platform enables smart monitoring and control, embedded management and automatic clearance of goods at a variety of cross-country border controlled areas and highly regulated trade and operations regions. This platform utilizes the latest technologies such as Global Positioning System ("GPS"), Augmented Reality ("AR"), Internet of Things ("IoT"), and Artificial Intelligence ("AI") and provides a more efficient way of automatic and intelligent surveillance and operations as well as seamless inspection while ensuring effective and full supervision of customs clearance of goods throughout the clearance process.
Powerbridge proposes the use of "AR+AI" to achieve real-time surveillance and instantaneous risk control for its customers. With the use of Geographic Information System ("GIS") mapping and AI and other new technology, it helps to construct a modern, smart, convenient and efficient cross-border trade supervision platform. Data collection by surveillance cameras, drones and GIS mapping optimizes the business process in supervision sites and integrates the supervision management in just one map, achieving the embedded follow-through supervision in order to tackle the needs for compliance and risk management control for the authorities.
Stewart Lor, President and Chief Financial Officer of Powerbridge, commented, "We believe that we are the pioneers that first introduced the concept of real-time surveillance and instant risk management response in the market with a successful use case. As one of our star solutions, we intend to replicate and scale up the construction of our platform throughout China and internationally. We are currently in the process of applying for copyrights and patents for this solutions. We expect that this project will increase our market competitiveness with the endorsement from our customers."
Powerbridge Technologies Co., Ltd. (NASDAQ:PBTS) is a provider of software applications and technology solutions and services to corporate and government customers primarily located in China. Founded in 1997, Powerbridge pioneered global trade software applications with a vision to make global trade operations easier for customers. Since inception, Powerbridge has continued to innovate and deliver solutions and services to address the changing needs of thousands of customers. Powerbridge's mission is to make global trade easier by empowering all players in the ecosystem. For more information, visit www.powerbridge.com/en
Safe Harbor Statement
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For more information, please contact:
Powerbridge Technologies Co., Ltd.
President and Chief Financial Officer
SOURCE: Powerbridge Technologies Co., Ltd.
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