HONG
KONG, Feb. 15, 2023 /PRNewswire/ -- Taoping Inc.
(NASDAQ: TAOP, the "Company" or "Taoping") today announced it is
targeting a new revenue stream with the launch of its smart large
screen displays for the exhibition industry. One of the first
commercial installations for the Company's cutting-edge smart
display products is at the famous New Era Jiangsu Water Harnessing
Exhibition Hall. This is the first time Taoping's smart large
displays solution have been installed in a such a popular, high
foot traffic cultural pavilion.
Taoping's smart large-display products have industry leading
specs in seamless splicing technology, visual display, wireless
screen projection, touch control and more. The display solutions
unveiled at the Jiangsu Water Harnessing Exhibition Hall include
not only Taoping's interactive floor tile screen and smart slide
transparent screen, but also small pitch full color LED display,
LED cylindrical display, 55-inch / 75-inch / 100-inch integrated
meeting room displays and other models of smart large-display
solution products. The New Era Jiangsu Water Harnessing
Exhibition Hall, which opened to the public recently, is located in
Yangzhou City, with a total of 5 floors and a total height of 32.3
meters.
Mr. Lin Jianghuai, Chairman and CEO of Taoping, said, "We are
really excited about the Jiangsu Water Harnessing Exhibition Hall
win. This is one of the country's popular, high foot traffic areas.
We expect that as we demonstrate our smart large screen displays,
it will serve as a launching pad for a new revenue stream. People
are back in levels not seen since before COVID. Exhibition halls,
shopping centers and entertainment venues are direct beneficiaries
of the resurgence in reopening traffic. But property owners are
quickly realizing they have to do more and be more engaging if they
want to capture the interest of consumers. That's why our
installation at the exhibition hall is so important. Business and
property owners know smart displays can be make or break in
motivating, entertaining and educating consumers. There are nearly
300 exhibition halls in China. Our
goal is to do a great job with our initial installation and expand
outwards to help other property owners to tap into the buying power
of their mall goers."
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.