Integrates Fully Autonomous Street Sweepers for Cost
Efficient, Location-based Charging and Powerful Cleaning
Solution
HONG
KONG, Dec. 14, 2022 /PRNewswire/ -- Taoping Inc.
(NASDAQ: TAOP, the "Company" or "Taoping") today announced the
launch of a new model of the Company's smart rest station which
integrates fully autonomous street sweeper, with advanced route
learning capabilities, state-of-the-art collision avoidance
technology and a powerful extended battery life. This represents
the latest phase in the rollout of the Company's smart rest station
product solution. With pilot projects already underway, the Company
expects this to be incrementally additive to revenue in 2023.
With the integration of the fully autonomous street sweeper,
featuring collision avoidance, human detection, advanced route
guidance and extended battery life, the Company's new smart rest
station solution will offer a docking, charging and cover option,
thereby eliminating the cost prohibitive need to install separate
charging sites. For more detailed information and accompanying
videos click here
(http://en.taop.com/video/stage-adv2.mp4).
Mr. Lin Jianghuai, Chairman and CEO of Taoping, said, "We are
really excited to launch the newest model of our smart rest station
with fully autonomous, attractively designed, state-of-the-art
street sweeper. This represents a significant new revenue stream
for us, which is complementary and we believe will help drive
sales. Customers and investors will now have a more complete
picture of our longer-term strategy for our new smart rest station
products and the extensive integration opportunities that exist to
leverage our growing installed base to drive profitable revenue
growth."
Mr. Lin continued, "We have solved two of the biggest problems
plaguing open and high use real estate spaces – availability of
attractive, clean rest stations and a cost efficient way to keep
open areas free of debris and garbage. These critical problems
represent a major cost center and a never ending headache for
property owners and operators. Customers don't want to patronize
dirty facilities and they will also avoid spending time in areas
where liter is visible. This is why the most successful
entertainment and vacation properties worldwide prioritize
cleanliness – it leads to a better customer experience, higher
satisfaction level and increased revenue. We are excited because we
can now help customers to leverage our strong network to more
quickly secure real estate and deploy our products, which
seamlessly integrates both the smart rest station and the
autonomous street sweeper into an even more powerful solution."
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
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involve substantial risks and uncertainties. All statements other
than statements of historical facts contained in this press
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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
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"potential," "predicts," "should," or "will" or the negative of
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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.