SHENZHEN, China, Nov. 8, 2023
/PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), today
announced the Company was awarded a RMB15
million contract to provide integrated, cloud-based data
analytics services to Shenzhen Chuangzhi Tiancheng Tech Co Ltd. to
facilitate the intelligent operation and management of its mining
project located in Northwest
China, while greatly improving operating efficiency and
safety.
Taoping's integrated cloud-based solution leverages AI and the
Company's proprietary intelligent data collection and analysis
platform to uncover and accelerate opportunities for intelligent
operations and business management. This latest win for Taoping
also expands the Company's reach, representing the first
application of the Company's powerful new Cloud Nest AI system and
intelligent cloud platform solutions in the mining industry.
In response to the Company being awarded the RMB15 million contract, Taoping's Chairman and
CEO, Mr. Lin Jianghuai, commented,
"This is another exciting win for us, further exemplifying the
consistent and powerful capabilities of our cloud-based data
analytics solutions to help customers drive increased operating
efficiencies and strengthen returns on investment. The consistency
and quality of our data analytics impressed Shenzhen Chuangzhi
Tiancheng Tech and resulted in the exploration of opportunities to
incorporate our solutions into its mining project. This also opens
the door for Taoping to further expand our footprint throughout the
broader natural resources industry and help businesses address the
critical need for improved management of scarce natural resources
with the power and intelligence of Taoping's AI-driven cloud-based
data analytics solutions."
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 on X.
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of operations and financial position, our strategy and plans, and
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and Section 21E of the Securities Exchange Act of 1934, as amended.
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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 the Company 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.
