TAOPING (TAOP) : 0,749899 +7,13%
SHENZHEN, China, June 6, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping"), today announced that the Company secured another RMB 10 million (approximately US$1.4 million) contract to supply its innovative Smart Rest Stations, autonomous cleaning robots, and other related products and services to Shenzhen Huaqi Technology Co., Ltd. (Huaqi). The latest RMB 10 million contract with Huaqi follows May 1, 2023 news of Taoping's RMB 11 million contract from Beijing Huida Dianjian Technology Co., Ltd., and reflects the increased business momentum the Company is benefitting from.
(PRNewsfoto/Taoping Inc.)
(PRNewsfoto/Taoping Inc.)
Founded in 2016, Huaqi is a high-tech company engaged in generative AI visual related products and services. Under the agreement, initial deliveries to Huaqi are expected to commence over the next few weeks, with the full order being completed over the coming quarters.
This latest contract win underscores the increased demand and long-term potential for the Taoping's innovative Smart Rest Station products and services. The contract is structured along the same lines as earlier agreements for Taoping's next-generation Smart Rest Station, integrated with its fully autonomous cleaning robots, as well as supporting servers, logistics, installation, and commissioning services. By offering a comprehensive range of innovative and scalable products and services, Taoping believes it is well-positioned to fulfill a growing share of the increasing opportunities for smart city technologies and infrastructure improvements in China.
Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: "We are thrilled to announce our latest partnership with Huaqi, which further validates the growing recognition and demand for our innovative and end-to-end Smart Rest Station solutions. There is an urgent need for more efficient, eco-friendly, and cost-effective solutions, and we are proud to deliver just that. In addition to helping to significantly enhance the efficiency of urban infrastructure and environmental protection initiatives in some of China's most critical cities, by partnering together we help increase the economic robustness and desirability for businesses and residents. This in turn, helps create significant value."
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.
