HONG
KONG, Oct. 24, 2022 /PRNewswire/ -- Taoping Inc.
(Nasdaq: TAOP, the "Company" or "TAOP"), today announced a new,
state-of-the-art dual-sided, thin film, photonic-crystal display.
The cutting-edge displays have already been successively deployed
in numerous major shopping malls in China. Integreated with Taoping's smart cloud
distribution system, the innovative display is the latest
transformative product offered to help customers more effectively
market products and services to highly valued customers.
Mr. Lin Jianghuai, Chairman and CEO of Taoping commented, "Our
continued investments in R&D, and the Taoping smart cloud and
alliance networks give us a meaningful advantage. We are excited to
be launching one of the most advanced thin panel multimedia
displays available. Customers are responding very positively to our
latest innovative display based on its sleek, attractive look and
enhanced multimedia features and double-sided display."
Taoping is leveraging the support of the Taoping smart cloud and
alliance networks to help customers penetrate high traffic flow,
high value, high touch areas, including escalators, aisles and
shopping centers. The lightweight, easy to install displays boast a
flexible surface, high resolution, double-sided imaging and
powerful other features. By connecting the photonic-crystal,
dual-sided displays to Taoping's smart cloud, customers can
leverage the cloud platform's intelligent broadcast systems to
achieve targeted, intelligent digital marketing.
Taoping is targeting to have its new photonic-crystal,
dual-sided displays installed in more than 200 shopping centers
across China in 2023, as part of
the initial phase of the Company's rollout. Displays have already
successfully been installed in malls in Shenzhen Nanshan HuanLeSong
Shopping Center, Shenzhen Futian Wongtee Plaza, among others.
At Shenzhen Futian Wongtee Plaza, one of the Company's many
successful installations, the popular shopping center covers
approximately 138,000 square meters. It is located in the core of
Shenzhen's main business district
Futian CBD, with approximately more than 30 million visitors
annually. Taoping has already customized and installed 10 of its
innovative photonic-crystal, dual-sided displays ranging from 50 to
100 inches, giving Taoping's customers immediate access to high
value, high traffic areas ranging from escalator entrances to
corridors.
Mr. Jianghuai continued, "Thin is in and we specifically
developed this enhanced, new display to give our customers a more
powerful tool to break through the clutter and distractions
bombarding people all day long. Helping our customers to
effectively get their product and service messages to consumers is
invaluable, especially as people are once again on the move and out
of the house for work and leisure. For Taoping, this is another
important launch for us as we continue the transformation and
expansion of the Company's new media business."
According to FORWARD, an industrial research institute, nearly
600 shopping centers have opened annually in China over the past five years, with a near
return to pre-COVID levels in 2021. 47.68 million new square meters
have been opened, an increase of 35% year-over-year. With the
economy's continuous development and the coming wave of the new
consumerism era, shopping centers in China are spreading from 1st and
2nd tier cities into 4th and 5th
tier cities. Shopping centers serve as a destination give their
central location and full range of shopping, dining and
entertainment options. This ability to bring large numbers of
high-quality consumers together with sought after economic profiles
and demographics makes onsite display advertising highly attractive
and sought after.
About Taoping Inc.
Taoping Inc. (NASDAQ: TAOP) is a blockchain technology and smart
cloud services provider. The Company is dedicated to the research
and application of blockchain technology and digital assets, and
continues to improve computing power and create value for the
encrypted digital currency industry. Relying on its self-developed
smart cloud platform, TAOP also provides solutions and cloud
services to industries such as smart community, new media and
artificial intelligence. To learn more, please visit
http://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.