Powerbridge Technologies Co., Ltd. (PBTS) stock prices saw a pre-market 7.98% uptrend to USD$2.30 on April 14th 2021. Investors hope this is the start of sustained growth following the news of PBTS entering a strategic cooperation agreement with Huawei Technologies Co., Ltd.
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Why are PBTS and Huawei Collaborating?
PBTS is a provider of technology services and software applications for global trade, whereas Huawei is a leading global provider of ICT infrastructure and smart devices. Together, they to aim to collectively promote and market their products and services to local ports and customs in China as part of their Strategic Cooperation Agreement.Given that Huawei serves over 3 billion users and operates in over 170 countries and regions, PBTS’s anticipation of deeper collaboration in the future to jointly provide blockchain solutions could be monumental.
Where is the Collaboration Headed?
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The agreement will provide a framework of both parties’ joint vision to make use of groundbreaking technologies in the global trade industry. These technologies include Blockchain, Cloud Computing, AI, and IoT, with PBTS and Huawei aiming to leverage their joint advantages for the marketing of their products. The two companies also aim to provide improved digital transformation solutions through their collaboration, thus extending their joint marketing influence both domestically and internationally.
Together, PBTS and Huawei will concentrate their efforts on stimulating the production of Smart Ports, creating state-of-the-art solutions for Smart Bonded Zone, and the upgrading and acceleration of the construction of Smart Customs. With these focus points and the leveraging of Huawei’s extensive market resources in conjunction with PBTS’s global trade digital solutions experience, the two are committed to ushering in a new global trade ecosystem in China.
The Future for PBTS Stock
Further consolidating their bright outlook, the partnership agreement was followed closely by the launch of two new products from PBTS: Smart Port and Smart Customs. PBTS seems appropriately situated for a prosperous future and it could be well-worth following the companies upcoming developments for current and potential investors in PBTS stock.