HONG KONG ,
Nov. 4,
2022 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP,
the "Company" or "Taoping") today announced the formal launch of a
new state-of-the-art rest station solution, a program backed by a
government trial mandate. The Company's new smart rest station
solution combines technology, portability, flexibility and
cleanliness to boost smart city development. Taoping's new solution
integrates its three core businesses: intelligent cloud service,
advertising media operation and smart business display systems, to
create an all-new smart rest station solution with modular and
mobile space features.
Taoping's new smart rest station combines prefabricated public
toilets with multiple functional rooms suitable for clean, routine
usage of individuals and families with different needs and
scenarios. With its unique and novel appearance, as well as its
flexible and rich function area layouts, the smart rest station is
quickly winning the favor of Taoping's partners and the market.
Adopting the Company's state-of-the-art smart rest station
solution, with its highly sanitary, energy efficient and humanized
design, can solve widespread toilet construction problems,
high-cost consumables, and disposal, to improve overall quality and
experience, and better ensure compliance with environmental
protection standards.
Mr. Lin Jianghuai, Chairman and CEO of Taoping, said, "We are
pleased to launch this new solution which is backed by government
trial mandate in an effort to provide greater access to clean
facilities as a public service. The government has made clear its
support for providing greater access to clean rest stations in
cities across China given the
under met need. We view this as another application, which can
leverage our vast experience in providing display solutions in
high-traffic areas, like elevators and malls. We spent a lot of
time talking with potential partners and customers to better
understand both the challenges and to gather ideas. We realized we
could leverage Taoping's Smart Cloud advertising and display
solutions and years spent developing local networks, to potentially
capture a meaningful share of this large market over the long-term,
while providing a much needed solution to our customers and
consumers."
"With cities reopening, routine outdoor and tourist traffic is
quickly returning to much higher, normal levels mirroring the
ongoing recovery in both large and small cities. Based on the
reopening trends, we plan to first target busy business areas and
tourist scenic spots in South
China and other places, as we work to quickly meet unmet
demand for public services in these areas. After that, we plan to
take full advantage of the nationwide networks of our city partners
and established relationships with local governments and
communities, striving to promote the smart rest stations in
additional cities, transportation hubs, greenway parks, tourist
scenic spots, core business areas and other high-value high-flow
places."
Mr. Lin continued, "The smart rest station market represents a
large, established, totally additive greenfield opportunity for
Taoping and is in line with our ongoing Smart City initiatives. We
will continue to combine the digitalization rhythm of various
fields, make full use of our strong technology track record, and
give full play to the resource advantages of the city partner
network, focusing on the Company's digital business format and
transformation, as well as building a more solid business
foundation."
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
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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,"
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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.