Taoping Inc. (TAOP) : 0.799 +0.0490 (+6.54%)
52w: 0.56 - 1.75
SHENZHEN, June 26, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping"), today announced the Company is expanding into the Jiangxi Province and has entered into a new strategic cooperation agreement with Anyuan County to provide customized AI-aided Smart City solutions, which will leverage the Company's powerful new Cloud Nest AI system and intelligent Cloud platform to significantly help local digital transformation and development and ecological civilization construction.
(PRNewsfoto/Taoping Inc.)
(PRNewsfoto/Taoping Inc.)
Anyuan County is located in Jiangxi Province, China, with 18 towns under its jurisdiction and a population of about 400,000. The city is renowned for its cultural heritage, valuable tourism resources and ecological protection.
The strategic agreement is part of Anyuan County's Smart City transformation, with a dedicated economic and digital transformation. The parties will work together to implement a variety of Smart City programs and solutions, while also implementing tailored environmental enrichment solutions to protect the source water of the Dongjiang River, which supplies water to Hong Kong, and plays an important role to support the development of Guangdong-Hong Kong-Macao Greater Bay Area.
Under the agreement, the two parties will carry out comprehensive cooperation in the fields of industrial investment, human intelligence, low-carbon environmental protection, Smart City renewal and rural ecological revitalization. The integrated solutions are 5G, AI-aided, Cloud-based and underpinned by Taoping's proprietary operating software. Taoping will provide its innovative Smart Rest Stations, lower cost, portable off-grid wastewater treatment solutions, and other related products and services, while Anyuan County provides market resources, policy support and fully assists the operation and development of the Company's projects in Anyuan County and surrounding counties and cities.
Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: "This is another big win for us with high strategic value. We continue to drive expansion into new geographies as we sell our customized Smart City solutions. We are benefitting from increased interest as municipalities seek to modernize for the benefit of residents and tourists, while driving operating and maintenance costs lower through increased efficiencies that come with our Cloud-based platform. We expect this deal to serve as an example for other municipalities. Smart City investments are also smart for business and an important factor when people decide where they want to work, live and play."
Under the initial phase of the cooperation, Taoping will help implement its new lower cost, portable off-grid wastewater treatment product across five townships. Taoping will gradually roll out the application in the entire county of Anyuan County, and contribute scientific and technological strength to the ecological environment protection at the source of the Dongjiang River. Taoping's AI-aided products and solutions will help to further improve the independent decision-making and processing capabilities of Anyuan County's evolving Smart City ecosystem and infrastructure, while allowing for greater scalability in the implementation and operation of ongoing development, more efficient operation and maintenance, and overall environmental protection capabilities.
SHENZHEN, China, June 20, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping"), today announced the launch of the Company's AI-aided innovative new, rapid, off-grid wastewater treatment solutions designed to bring "Clean Water for a Cleaner World". The lower cost, portable wastewater treatment solutions represent a watershed moment in the global effort for a cleaner environment, and will be integrated with Taoping's intelligent operation and maintenance system aided by the Company's powerful new Cloud Nest AI system and intelligent Cloud platform to significantly increase operations and cost efficiencies of maintenance management.
(PRNewsfoto/Taoping Inc.)
(PRNewsfoto/Taoping Inc.)
Underserved rural markets will be a top priority for Taoping's new off-grid wastewater treatment solutions. The market size for wastewater treatment for the rural areas of China is estimated to be approximately RMB 300 billion in 2023, with a CAGR of 10% over the next 5 years. (source: Zhongtou Consultant)
The off-grid wastewater treatment solutions market refers to the market for wastewater treatment systems that operate without being connected to the grid. These systems are typically used in remote or rural areas where traditional wastewater treatment infrastructure is not available. The off-grid wastewater treatment solutions market is expected to grow in the coming years, driven by increasing demand from developing countries and remote areas.
Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: "There is growing demand for off-grid wastewater treatment solutions due to several factors, including increasing population growth, urbanization, and environmental concerns. Additionally, the cost of traditional wastewater treatment infrastructure can be prohibitively expensive in remote areas, making off-grid solutions an attractive alternative. Taoping's purpose built wastewater treatment solutions provide a portable, on-site solution with lower upfront and maintenance costs, that leverages the advantages of traditional solutions, while offering highly compelling performance, Cloud-based monitoring, maintenance and cost advantages. More importantly, the Company's intelligent operation and maintenance system aided by Taoping's powerful new Cloud Nest AI system and intelligent Cloud platform can increase operations and cost efficiencies of maintenance management, truly realizing the automatic operation of sewage treatment facilities in low- and medium-density urban and rural residential areas, which we expect will make this a preferred choice that is more attractive to the market."
Mr. Lin continued: "We are very excited about the long-term opportunities for Taoping's wastewater treatment solutions. We are committed to helping customers and communities create a more sustainable future with Clean Water for a Cleaner World. We are taking a cyclical approach to managing wastewater that emphasizes the effectiveness of our innovative new wastewater treatment solutions, as we reinforce our commitment to both environmental sustainability and efficient wastewater management. We will continue to promote the deep integration of AI technology and sewage treatment products to build a new wastewater environment management integration platform with low cost, hassle free construction, intelligent operation and maintenance, convenient operation, and reduced cost of clear ownership to form valuable brand assets and drive the Company's revenue growth."
Off-grid wastewater treatment refers to the method of onsite wastewater treatment in the smallest unit of wastewater source as far as possible in the middle and low population density residential areas. For example, in individual farmers, B&Bs, villas, public toilets, schools, hospitals, hotels, residential communities, parks, urban villages, temporary construction sites, islands and other sources of domestic wastewater treatment after discharge or reuse standards. Taopping's off-grid wastewater treatment solutions are able to treat wastewater from a single source or multiple sources.
SHENZHEN, China, June 15, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping"), today announced the Company plans to launch Cloud Nest AI, a powerful generative AI system across the Cloud to accelerate growth. Cloud Nest AI will leverage the Company's existing cloud-based technology and applications and integrate AI with intelligent Cloud platform technology and product capabilities. End users are empowered with smart scene terminals, that deeply integrate numerous industry-specific application scenarios across all major industries and subsegments.
(PRNewsfoto/Taoping Inc.)
(PRNewsfoto/Taoping Inc.)
Taoping's industry specific applications for different scenarios based on the Cloud Nest AI system are expected to provide multi-dimensional empowerment for various industries from multiple perspectives, such as content generation, human-computer interaction, visual perception, and cognitive decision-making. In the field of advertising media, Taoping's cloud platform allows advertisers to provide creative content, such as graphics, videos, and texts for specific promotional strategies, while artificial intelligence can then effectively develop mixed-media promotions.
Taoping will also integrate the new generative AI system into its other smart solutions to better help customers harness the latest technology development to achieve a higher return on investment, lower cost of ownership, an improved overall customer experience. This includes the Company's intelligent cleaning robots, which are pushing industry-leading performance in terms of unmanned driving, intelligent decision-making, and human-machine collaboration to solve complex urban outdoor and indoor scenarios. Another example is in the field of ecological environmental protection, where the Company's off-grid sewage treatment equipment adopts microbial control technology and intelligent monitoring system to accurately implement sewage treatment from the source of sewage generation, which is highly efficient, energy-saving and environmentally friendly.
Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: "The Cloud Nest AI generative AI system will be another important milestone based on the strategic upgrade of Taoping's Cloud-based technology and applications. We have been investing in and actively deploying a series of exciting new products to help our customers better embrace superior new technologies and systems, which in return will accelerate our revenue growth. We look forward to continuing to open new commercial and industrial opportunities for our Cloud Nest generative AI system, and will keep the market updated on our progress."
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.
