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September 12, 2022

, /PRNewswire/ — Infobird Co., Ltd (NASDAQ: IFBD) (“Infobird” or the “Company”), a leading provider of AI-powered customer engagement solutions in China, announced today that it recently committed to a well-known multinational company to implement its “Retail Rubik’s Cube” digital SaaS product, developed by Shanghai Qishuo Network Technology Co., Ltd, a subsidiary of Infobird. Retail Rubik’s Cube is designed to power digital operational analytics for offline stores. This new customer win is a significant milestone for Infobird and represents its first customer in the foodservice distribution industry. Today, this multinational client operates in more than 10 different sectors, including businesses such as produce, retail, finance, foodservice distribution, and real estate. Today it is one of the largest foreign-invested enterprises with the largest number of investment projects in China.

With the continuous growth of the social economy and rapid urbanization in China, the per capita income level has been improving, leading to a significant change in the lifestyle of many. The foodservice distribution industry has become an indispensable part of people’s daily lives. How to improve competitiveness and further expand the market has become the main area of ​​focus for top restaurant leaders.

During this engagement, Infobird will leverage Retail Rubik’s Cube to provide the customer with intelligent customer hardware, artificial intelligence algorithms and industry consultants to form an overall solution set for improving store operations. The initiative will primarily cover three main areas of restaurant operating health, including customer flow analysis, customer engagement, and merchandising. Analytical data based on the above three areas of operation is expected to help the client better understand how restaurants are performing and potential areas for improvement, in order to improve the performance and growth of each individual restaurant. Additionally, based on historical data collection and situation analysis, predictive analysis of possible scenarios can be performed in advance for each individual restaurant, allowing them to deploy resources and respond in advance, providing a useful baseline for a more accurate marketing

As a leading AI SaaS software service provider in China, Infobird is committed to making our customers’ customer interaction smart and personalized. Through comprehensive systems of smart products, such as cloud call center, AI Chatbots, smart cloud customer service, and smart quality inspection, we empower customers with standard and smart software products for the entire customer engagement process. Our subsidiary, Shanghai Qishuo Network Technology Co., Ltd, expands our market expansion potential in retail and now foodservice distribution industry as we are able to provide customers with online customer engagement solution. and offline more complete.

About Shanghai Qishuo Network Technology Co., Ltd

Shanghai Qishuo Network Technology Co., Ltd is a player of digitization solutions for consumer products and retail stores. At this time, the company’s business is mainly focused on the footwear industry and has rich experience in serving major clothing brands in China. With in-depth knowledge of clothing and footwear brand retail store operation, Qishuo has developed its core product “Retail Rubik’s Cube” to empower customers with digital media to better understand and improve the operational process as well as the store performance. Qishuo’s Retail Rubik’s Cube has won high recognition from its customers, and the company won the honor of “China Big Data Application Retail Best Practice Case” in 2018.

Headquartered in Beijing, China, Infobird is a software-as-a-service provider of innovative AI-enabled or AI-driven customer engagement solutions. The company’s mission is to empower businesses to have intelligent, personalized customer interaction solutions. Leveraging self-developed cloud-native architecture, AI and machine learning capabilities, proprietary Voice over Internet Protocol technologies, no-code development platform, and extensive industry experience, Infobird provides end-to-end SaaS solutions. business value-driven customer engagement tools to help businesses. to increase revenue, reduce costs, and improve the quality of customer service and customer satisfaction. For more information about the company, visit www.Infobird.com.

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “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 about future events. , results, conditions or performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are predictions only and speak only as of the date they are made. In evaluating such statements, investors and prospective investors should carefully review various risks and uncertainties and other matters identified in the Company’s filings with the US 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 statement, whether as a result of new information, future events or otherwise, except as required by law.

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