SHENZHEN, June 26,
2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the
"Company" or "Taoping"), today announced the Company is expanding
into the Jiangxi Province and has
entered into a new strategic cooperation agreement with Anyuan
County to provide customized AI-aided Smart City solutions, which
will leverage the Company's powerful new Cloud Nest AI system and
intelligent Cloud platform to significantly help local digital
transformation and development and ecological civilization
construction.
Anyuan County is located in Jiangxi
Province, China, with 18
towns under its jurisdiction and a population of about 400,000. The
city is renowned for its cultural heritage, valuable tourism
resources and ecological protection.
The strategic agreement is part of Anyuan County's Smart City
transformation, with a dedicated economic and digital
transformation. The parties will work together to implement a
variety of Smart City programs and solutions, while also
implementing tailored environmental enrichment solutions to protect
the source water of the Dongjiang River, which supplies water to
Hong Kong, and plays an important
role to support the development of Guangdong-Hong Kong-Macao Greater Bay
Area.
Under the agreement, the two parties will carry out
comprehensive cooperation in the fields of industrial investment,
human intelligence, low-carbon environmental protection, Smart City
renewal and rural ecological revitalization. The integrated
solutions are 5G, AI-aided, Cloud-based and underpinned by
Taoping's proprietary operating software. Taoping will provide its
innovative Smart Rest Stations, lower cost, portable off-grid
wastewater treatment solutions, and
other related products and services, while Anyuan County provides
market resources, policy support and fully assists the operation
and development of the Company's projects in Anyuan County and
surrounding counties and cities.
Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: "This is
another big win for us with high strategic value. We continue to
drive expansion into new geographies as we sell our customized
Smart City solutions. We are benefitting from increased interest as
municipalities seek to modernize for the benefit of residents and
tourists, while driving operating and maintenance costs lower
through increased efficiencies that come with our Cloud-based
platform. We expect this deal to serve as an example for other
municipalities. Smart City investments are also smart for business
and an important factor when people decide where they want to work,
live and play."
Under the initial phase of the cooperation, Taoping will help
implement its new lower cost, portable off-grid wastewater
treatment product across five townships. Taoping will gradually
roll out the application in the entire county of Anyuan County, and
contribute scientific and technological strength to the ecological
environment protection at the source of the Dongjiang River.
Taoping's AI-aided products and solutions will help to further
improve the independent decision-making and processing capabilities
of Anyuan County's evolving Smart City ecosystem and
infrastructure, while allowing for greater scalability in the
implementation and operation of ongoing development, more efficient
operation and maintenance, and overall environmental protection
capabilities.
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. For more information about Taoping, please visit
www.taop.com. You can also follow us via LinkedIn, Twitter or
YouTube.
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 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.