Taoping launches state-of-the-art rest station; New solution combines technology, portability, flexibility and cleanliness to boost smart cities

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HONG KONG , November 4, 2022 /PRNewswire/ — Taoping Inc. (NASDAQ: TAOP, the “Company” or “Taoping”) today announced the official launch of a new state-of-the-art rest station solution, a program supported by a government test warrant. The company’s new smart rest station solution combines technology, portability, flexibility and cleanliness to drive smart city development. Taoping’s new solution integrates its three core businesses of intelligent cloud service, advertising media operation, and intelligent commercial display systems, to create an all-new intelligent rest station solution with modular space features and mobiles.

Taoping’s new smart rest station combines prefabricated public toilets with multiple functional rooms suitable for clean and routine use of individuals and families with different needs and scenarios. With its unique and novel appearance, flexible and rich function area layouts, the smart rest station quickly wins the favor of Taoping partners and the market. Adopting the company’s state-of-the-art intelligent rest station solution, with its highly hygienic, energy-saving and humanized design, can solve widespread problems of toilet construction, expensive consumables and disposal. , to improve the overall quality and experience, and better ensure compliance with environmental protection standards.

Mr. Lin Jianghuai, Chairman and CEO of Taoping, said, “We are delighted to launch this new solution which is backed by the government’s trial mandate with the aim of providing better 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 unmet need. We see this as another application, which can leverage our extensive experience in providing display solutions in high traffic areas, such as elevators and shopping malls. We spent a lot of time talking with potential partners and customers to better understand the challenges and gather ideas. We realized we could leverage Taoping’s Smart Cloud advertising and display solutions and years of building local networks, to potentially capture a significant share of this large long-term market, while providing a much-needed solution. to our customers and consumers. »

“As cities reopen, routine outbound and tourist traffic is rapidly returning to much higher normal levels, reflecting the ongoing recovery in cities large and small. Based on reopening trends, we plan to target d First the bustling shopping areas and tourist sights south china and other locations as we work to quickly respond to the unmet demand for public services in these areas. After that, we plan to take full advantage of our partner cities’ national networks and established relationships with local governments and communities, working to promote smart rest stations in other cities, transport hubs, parks greenways, scenic tourist sites, main areas of activity. and other high-value high-speed venues. »

Mr. Lin continued, “The smart rest station market represents a big, established and fully additive opportunity for Taoping and is in line with our ongoing Smart City initiatives. We will continue to combine the digitization pace of various fields, make full use of our strong technology background, and make full use of the resource advantages of the city’s partner network, focusing on the format and transformation of the city. digital business, as well as on building a stronger business base. »

About Taoping Inc.

Taoping Inc. (NASDAQ: TAOP) is a provider of blockchain technology and intelligent cloud services. 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 crypto digital currency industry. Based on its self-developed smart cloud platform, TAOP also provides cloud solutions and 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 operating results and financial condition, 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 using terminology including “anticipates”, “believes”, “may”, “continues”, “could”, “estimates”, “expects”, ” intends”, “may”, “plans”, “potential”, “predicts”, “should” or “will” or the negative form of these terms or any other comparable terminology. Our actual results may differ materially or possibly significantly from those discussed herein, or implied by, these forward-looking statements. There are a number of important factors that could cause actual results to differ materially from the statements made in this press release, including: our potential inability to achieve or maintain profitability or reasonably predict our future results due to our limited operating history in 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, related uncertainties at China legal system and economic, political and social events China, stock market volatility; and other risks, including, but not limited to, those discussed or referred to by us in the Company’s disclosure documents filed with the United States 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 provided 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, except as required by applicable law.

SOURCETaoping Inc.

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