HONG
KONG, Dec. 18, 2023 /PRNewswire/ -- Infobird
Co., Ltd (NASDAQ: IFBD) ("Infobird" or the "Company"), a
software-as-a-service provider of AI-powered customer engagement
solutions in China, today
announced that a new business cooperation in software development
of information technology system has been signed.
Recently, Infobird Technologies Limited (hereinafter referred to
as "Infobird HK") and a company signed a new business contract,
aiming to cooperate in software and IT system development, with a
total value of US$1.8 million. The
principal business of counterparty is Gig Economy Platform of
localized life services. Henceforth, Infobird will intensify the
investment in research and development of SaaS systems and software
technologies and commit to explore more SaaS technologies
applicable scenarios to help clients with business expansion.
Infobird will expand its business to the SaaS segmented
scenarios, to penetrate the call centre SaaS business into specific
scenes and seek better opportunities. Company has already
identified new business models and obtained R&D achievements in
several sectors, and prefers to focus on high margin market
segmentation with more competitive advantage and positive cash flow
generation.
About Infobird Co., Ltd
Infobird, headquartered in Hong
Kong, is a software-as-a-service provider of innovative
AI-powered, or artificial intelligence enabled, customer engagement
solutions. For more information, visit Infobird's website at
www.Infobird.com.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Words such as "plans", "will," "future," "expects,"
"believes," and "intends," or similar expressions, are intended to
identify forward-looking statements. Statements that are not
historical facts, including statements about the Company's beliefs
and expectations, are forward-looking statements. All
forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events, results, conditions or performance of the Company. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which are only predictions and speak only as of the
date they are made. In evaluating such statements, investors and
prospective investors should review carefully various risks and
uncertainties and other matters identified in the Company's filings
with the U.S. Securities and Exchange Commission. These risks and
uncertainties could cause the Company's actual results to differ
materially from those indicated in the forward-looking statements.
The Company undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
by law.
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SOURCE Infobird Co., Ltd