Powerbridge Technologies Expects to Accelerate its Revenue Growth by Expanding into Out of Home Advertising and Media Business

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Planning for an Advertising and Media Technology PlatformZHUHAI, CHINA / ACCESSWIRE / September 8, 2020 / Powerbridge Technologies Co., Ltd. (NASDAQ:PBTS) (“Powerbridge” or the “Company”), a global trade software applications and technology services provider, today announced that it plans to launch an out-of-home digital display advertising and media business. The Company plans to build a network of digital display such as LCD screens and operate an advertisement platform in Guangdong province, China initially, and then expand to the Greater Bay of China, China.The Company believes there is a substantial market opportunity to operate an out-of-home digital display advertising and media technology platform in the Greater Bay Area of China, specifically in its home province of Guangdong province. The Company will focus on display advertising in various high traffic advertising locations such as office buildings, commercial parking garages, and elevators in residential and office buildings.Powerbridge plans to acquire the advertising spaces through its own channels, as well as strategic investment. The Company expects to obtain a substantial number of building advertising orders in Shenzhen, by developing various types of software and purchasing hardware equipment to expand this business. Through the expansion alongside the existing business, it is expected to generate incremental revenue and …

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