Powerbridge Technologies Announces Availability of Ethereum Mining Operating System Named FXOS to Enhance Mining Efficiency

ZHUHAI, China, Sept. 1, 2021 /PRNewswire/ -- Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) ("Powerbridge" or the "Company"), a SaaS solutions and Blockchain applications provider, announced the availability of FXOS, a proprietary AI integrated operating system designed for the mining of Ethereum (ETH) and other GPU based cryptocurrencies. FXOS is an automated and intelligent OS that can increase Ethereum mining efficiency by an estimated 15%.

As a Linus based OS, FXOS can be deployed for large-sized mining operations of 100,000 level of mining machines with highly automated and intelligent functionalities for system operations and maintenance. It is also available with a convenient App capable of running on iOS, Android, Applet and Web.

FXOS integrates AI algorithms with sensors and controllers with smart, user-friendly tools, capable of monitoring operating status, managing GPU overclocking, adjusting mining parameters, adapting to maximized power consumption, and remote controlling on/off function, among other features and benefits.

"I am pleased that FXOS is available. As we are deploying our crypto mining machines, having our own mining OS is equally important in our efforts to develop a network of mining operations with higher-than-market ETH mining efficiency," said Stewart Lor, the President of Powerbridge Technologies.

About Powerbridge Technologies

Powerbridge Technologies Co., Ltd., a growth-driven technology company is primarily engaged in SaaS solutions and Blockchain applications. Powerbridge SaaS integrates AI, big data, and IoT offering SaaS platforms for cross-border eCommerce, supply chain, data intelligence, and IoT applications and devices. Powerbridge Blockchain consists of BTC and ETH mining and digital assets, IPFS distributed network services, and industry-specific Blockchain applications. For more information, visit www.powerbridge.com/ir.

Safe Harbor Statement 

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements; specifically, the Company's statements regarding listing on the NASDAQ Capital Market and the IPO are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

SOURCE Powerbridge Technologies