Taoping Accelerates AI Business Growth with New Order for AI-Powered Smart Terminals

SHENZHEN, China, July 18, 2024 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), a developer of innovative smart cloud platform services and solutions, new media and artificial intelligence solutions, today announced a further expansion of its AI business with a new order for the Company's enhanced AI-powered Smart Terminals, which offer a powerful combination of efficiency, customization, and engagement, making them a compelling choice for businesses looking to optimize their operations and enhance customer interactions.

Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: "This is another major customer win, as we benefit from increased demand for our enhanced AI-based products and solutions, in advertising, media and other important markets. We are well positioned to benefit from this accelerating, technology driven trend. We plan to more aggressively pursue new large-scale opportunities driven by the latest technology trends that can positively impact our revenue growth and build shareholder value."

The latest order is from Lu'an Wanjiang Advertising Media Co., Ltd. ("Lu'an Media"). Lu'an Media will initially purchase Taoping's enhanced AI-powered Smart Terminals valued up to approximately US$600,000, which will be installed in hundreds of local supermarkets, office buildings, residential communities and other scenarios in Lu'an City. In addition to enhanced AI-powered Smart Terminals, Taoping will support Lu'an Media with one-stop technical services based on Taoping's popular Cloud Nest AI system help Lu'an Media leverage a new "AI + advertising marketing" scenario application.

Taoping and Lu'an Media plan to deepen their cooperative relationship by leveraging Taoping's national city-partner network and other resource advantages, and focus on expanding the implementation and application of enhanced AI-powered Smart Terminals in Lu'an and other cities in Anhui Province.

According to ChinaIRN.com, the size of the advertising terminal market in China will exceed 10 billion RMB by 2026, driven by the upgrading of advertising terminals and accelerated construction of smart cities. Applications based on big data and artificial intelligence, including touch technologies, voice and face recognition, and dynamic capture are becoming more prolific in retail environments.

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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