HONG
KONG, Nov. 29, 2022 /PRNewswire/ -- Taoping Inc.
(NASDAQ: TAOP, the "Company" or "Taoping") today announced two
exciting new pilot projects for the Company's smart rest station
products in high profile areas on the Shenzhen Baywalk and the
Dasha River Ecological Corridor (Guangzhou). The new pilot projects reflect a
continued commercialization and acceleration of growth.
The popular Baywalk in Bao'an Central District of Shenzhen is a sky garden designed after
New York's famous High Line Park
that hosted an estimated 14 million visitors in 2021. The Dasha
River Ecological Corridor, located in Liwan District, Guangzhou, is the largest free-entrance
wetland park with an ecological leisure function and Cantonese
cultural characteristics in the central urban area of the city. Both parks are major initiatives
designed to boost ecologically friendly city spaces.
Mr. Lin Jianghuai, Chairman and CEO of Taoping, said, "We are
proud of these latest showcase projects and our ability to create
tailored solutions to fit the unique needs of each destination.
These are high profile, high traffic areas, that need to
accommodate millions of monthly visitors. We won the pilot project
mandates because our sleek new smart rest station products are a
seamless fit, with the sleek aesthetics and modern features needed.
Our faster installation time and lower cost of ownership were also
key selling points."
The Shenzhen Baywalk and the Dasha River Ecological
Corridor represent two completely different application
scenarios. In one case, Taoping designed a fashionable and trendy
LED large-screen facade, which fits into the stylish and modern
atmosphere surrounding it. In the other installation, Taoping
developed a more natural and fresh facade, with great attention to
details and integration of tourist service functions.
Mr. Lin continued, "Based on customer demand, we are
evaluating additional commercialization options, as we continue to
focus on driving profitable revenue growth from product
construction and delivery, as well as from advertising operations
of large display screens integrated into the smart rest station
products. We plan to add additional value to our products as we
leverage our modular design, with plans to integrate even more
services. This is in line with our strategy for the N space of the
smart rest station, with the launch of additional services
according to the needs of each specific target user attributes. At
the same time, we continue to leverage the channel advantages of
Taoping's city partners and other strategic cooperation parties to
promote our innovative smart rest products in more high-value,
high-traffic areas."
About Taoping Inc.
Taoping Inc. (Nasdaq: TAOP) has a long history of successfully
leveraging technology in the development of innovative solutions to
help customers in both the private and public sectors to more
effectively communicate and market to their desired targets. The
Company has built a far-reaching city partner ecosystem and
comprehensive portfolio of high-value, high-traffic areas for its
products, which are aligned together with Taoping's smart cloud
platform, cloud services and solutions, new media and artificial
intelligence. To learn more, please visit www.taop.com.
Safe Harbor Statement
This press release contains "forward-looking statements" that
involve substantial risks and uncertainties. All statements other
than statements of historical facts contained in this press
release, such as statements regarding our estimated future results
of operations and financial position, our strategy and plans, and
our objectives or goals, are forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
We have attempted to identify forward-looking statements by
terminology including "anticipates," "believes," "can," "continue,"
"could," "estimates," "expects," "intends," "may," "plans,"
"potential," "predicts," "should," or "will" or the negative of
these terms or other comparable terminology. Our actual results may
differ materially or perhaps significantly from those discussed
herein, or implied by, these forward-looking statements.
There are a significant number of factors that could cause actual
results to differ materially from statements made in this press
release, including: our potential inability to achieve or sustain
profitability or reasonably predict our future results due to our
limited operating history of providing blockchain technology and
smart cloud services, the effects of the global Covid-19 pandemic,
the emergence of additional competing technologies, changes in
domestic and foreign laws, regulations and taxes, uncertainties
related to China's legal system
and economic, political and social events in China, the volatility of the securities
markets; and other risks including, but not limited to, those that
we discussed or referred to in the Company's disclosure documents
filed with the U.S. Securities and Exchange Commission (the "SEC")
available on the SEC's website at www.sec.gov, including the
Company's most recent Annual Report on Form 20-F as well as in our
other reports filed or furnished from time to time with the SEC.
The forward-looking statements included in this press release are
made as of the date of this press release and TAOP undertakes no
obligation to publicly update or revise any forward-looking
statements, other than as required by applicable law.
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SOURCE Taoping Inc.