Taoping Inc.

Taoping, Inc. provides cloud-app technologies for smart city IoT platforms, digital advertising delivery and other internet-based information distribution systems in China. The company operates under the following segments: Cloud-based Technology (CBT), Blockchain Technology (BT), Traditional Information Technology (TIT). The CBT segment includes the company's cloud based products and data storage related services sold to private sectors. The BT segment is the company's Crypto currency mining initiative. The TIT segment is involved in the company's project-based technology products and services sold to the public sector such as Geographic Information System, Digital Public Security Technology, and Digital Hospital Information Systems. The company was founded in 1993 and is headquartered in Hong Kong.

Taoping, Inc. operates as block chain technology and smart cloud services provider. It operates through the following segments: Cloud-based Technology, Blockchain Technology, Traditional Information Technology. The CBT segment includes the company's cloud based products and data storage related services sold to private sectors. The BT segment is the company's Crypto currency mining initiative. The TIT segment is involved in the company's project-based technology products and services sold to the public sector such as Geographic Information System, Digital Public Security Technology, and Digital Hospital Information Systems. The company was founded in 1993 and is headquartered in Hong Kong.

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.

Taoping To Launch Cloud Nest AI System; Powerful Generative AI System Across the Cloud to Accelerate Growth

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.

Taoping Secures Another RMB 10 Million Smart Rest Station Contract

SHENZHEN, China , May 1, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping"), today announced that it won an RMB 11.1 million (approximately US$1.6 million) contract from Beijing Huida Dianjian Technology Co., Ltd. ("Huida").

Taoping Wins RMB 11.1 Million Contract

SHENZHEN, China , April 25, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping") today reported 25% revenue growth for the year ended December 31, 2022. The Company also announced the filing of its annual report on Form 20-F for the year ended on December 31, 2022 with the U.S. Securities and Exchange Commission ("SEC").

Taoping Reports 25% Revenue Growth for Full Year 2022

Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping") today announced the Company has entered into a long-term strategic cooperation agreement ("Agreement") with Wuxuan County, Guangxi Province, with a potential market opportunity of US$80 million valuation for off-grid wastewater treatment solution alone. Under the Agreement, Taoping expects to provide customized intelligent, Cloud-based product solutions, including its exciting new Blue Box off-grid wastewater treatment solution, IoT Smart Rest Station, fully autonomous street sweeper and smart large screen displays. Wuxuan County is an important tourism city with an estimated 458,600 residents. By gaining access to Taoping's modular solutions, Wuxuan County's residents will be able to benefit from improved efficiency, convenience, and cost-effectiveness in various aspects of their daily lives. This follows news of Taoping's April agreement to provide similar services to China's Zhaoyuan City, which has more than 500,000 estimated residents.

Taoping to Provide Wuxuan County with Customized Cloud-based Solutions with Potential Market Opportunity of US$80 Million

HONG KONG , March 29, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping") today announced the Company has entered into a long-term strategic cooperation agreement ("Agreement") with Zhaoyuan City, Shandong Province. Under the Agreement, Taoping expects to provide customized intelligent product solutions, including its IoT Smart Rest Station, fully autonomous street sweeper, smart large screen displays, and Blue Box off-grid wastewater treatment solution.

Taoping Announces Long-term Strategic Cooperation Agreement with Zhaoyuan City

HONG KONG , March 17, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping") today announced that on March 16, 2023, it received a letter from The Nasdaq Stock Market LLC ("Nasdaq") confirming the Company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through September 11, 2023 (the "Additional Compliance Period"). The Additional Compliance Period was granted because the Company meets the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market with the exception of the bid price requirement, and the Company's written notice to Nasdaq of its intention to cure the deficiency during the Additional Compliance Period by effecting a reverse stock split, if necessary.

Taoping Receives NASDAQ Minimum Bid Price Requirement Extension

HONG KONG , Feb. 15, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping") today announced it is targeting a new revenue stream with the launch of its smart large screen displays for the exhibition industry. One of the first commercial installations for the Company's cutting-edge smart display products is at the famous New Era Jiangsu Water Harnessing Exhibition Hall.

Taoping Targets New Revenue Stream with Large Screen Displays

HONG KONG , Jan. 11, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping") today announced that its next generation smart rest station, which integrates fully autonomous street sweeper functionality, has been launched in Shenzhen's highly popular Xiangmi Park. The successful launch serves as a high-profile showcase of the Company's next generation smart rest station, which is expected to greatly facilitate the transformation of smart sanitation in both public and commercial settings.

Taoping's Next Generation Smart Rest Station Launches in Shenzhen's Highly Popular Xiangmi Park

Integrates Fully Autonomous Street Sweepers for Cost Efficient, Location-based Charging and Powerful Cleaning Solution HONG KONG , Dec. 14, 2022 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping") today announced the launch of a new model of the Company's smart rest station which integrates fully autonomous street sweeper, with advanced route learning capabilities, state-of-the-art collision avoidance technology and a powerful extended battery life. This represents the latest phase in the rollout of the Company's smart rest station product solution.

Taoping Launches New Model of Smart Rest Station

HONG KONG , Nov. 29, 2022 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping") today announced two exciting new pilot projects for the Company's smart rest station products in high profile areas on the Shenzhen Baywalk and the Dasha River Ecological Corridor (Guangzhou). The new pilot projects reflect a continued commercialization and acceleration of growth.

New High-Profile Taoping Pilot Projects Aim to Accelerate Growth

Companies to Jointly Promote Accelerated Adoption of Taoping's New Smart Rest Station Product and Large Screen Display Products HONG KONG , Nov. 17, 2022 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping") today announced the Company signed a three-year strategic cooperation agreement with ZhongShengShi Co., Ltd. ("ZhongShengShi") and expected to generate more than US $14 million for Taoping over the term of the agreement.

Taoping Announces 3-year Strategic Cooperation with ZhongShengShi Expected to Generate More than US$14 Million

HONG KONG , Nov. 9, 2022 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping") today announced that the company has signed a three-year strategic cooperation agreement with Shenzhen Qianhai DoWatch Technology Co., LTD. ("DoWatch Technology"), to jointly expand Taoping's smart rest stations to national tourist attractions and other areas.

Taoping Signs 3 Year Strategic Cooperation Agreement with DoWatch Technology; Companies to Jointly Work to Expand Adoption of Taoping's Smart Rest Stations at National Tourist Attractions and Other Areas

HONG KONG , Nov. 4, 2022 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping") today announced the formal launch of a new state-of-the-art rest station solution, a program backed by a government trial mandate. The Company's new smart rest station solution combines technology, portability, flexibility and cleanliness to boost smart city development.

Taoping Launches State-of-the-Art Rest Station; New Solution Combines Technology, Portability, Flexibility and Cleanliness to Boost Smart Cities

HONG KONG , Oct. 24, 2022 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company" or "TAOP"), today announced a new, state-of-the-art dual-sided, thin film, photonic-crystal display. The cutting-edge displays have already been successively deployed in numerous major shopping malls in China.

Taoping Launches Innovative Dual-Sided, Thin Film, Display; Targeting More than 200 High Value, Mall Installations in 2023

HONG KONG , Oct. 18, 2022 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company" or "TAOP") today announced that its wholly owned subsidiary, Taoping Digital Tech. (Jiangsu) Co., Ltd.

Taoping Enters into Strategic Cooperation with Jiangsu SuLiXin

HONG KONG , Oct. 11, 2022 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "TAOP") today announced the Company has achieved a record high user engagement level with its smart elevator program in Tianjin. The program, which is focused on smart elevator modernization and maintenance, now covers more than 8,000 elevators, reaching an estimated 7% local market share in Tianjin, including residential, office and government buildings, the Binhai New Area government, Xiyingmen Sub-district Office Building, Binhai New Area Financial Media Center, Tianjin Municipal Engineering Design and Research Institute, Tianjin Binhai One Hotel, Nankai University, Tianjin Eye Hospital, and more.

Taoping Smart Elevator Modernization and Maintenance Program Now Covers 8,000 Elevators in Tianjin

HONG KONG , Oct. 6, 2022 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company" or "TAOP"), today announced that it entered into a strategic framework contract with an estimated value at US$3 million. Under the agreement, over the next six months the Company will leverage Taoping's smart cloud platform and the cloud-based ad terminal network of Taoping Alliance to provide digital advertising services to Shenzhen Taitao Electronic Technology Co., Ltd.

Taoping Announces Strategic Framework Contract Valued at US$3 Million

HONG KONG , Sept. 27, 2022 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "TAOP"), today announced that the Company is accelerating its growth in the large smart panel market by leveraging active promotion from Taoping's smart Cloud and alliance networks, combined with its wholly-owned subsidiary, iASPEC Bocom IoT Tech.

Taoping Accelerates Growth in Large Smart Panel Market, Leveraging the Advantages of the Taoping Smart Cloud and Taoping Alliance Networks

HONG KONG , Sept. 20, 2022 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "TAOP") today announced it plans to expand its Cloud platform for smart elevator upgrades and enhancements, including even more specialized applications, as it continues to diversify its revenue base, leveraging the Company's valuable property owner relationships and market insight developed in the buildout of its site-based digital advertising platform.

Taoping to Expand Cloud Platform for Smart Elevator Upgrades and Enhancements

64% Increase in Revenue 180 Basis Point Improvement in Gross Margin 86% Improvement in Net Loss HONG KONG , Sept. 7, 2022 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "TAOP") today reported financial results for the first six months of its fiscal year ending December 31, 2022.

Taoping Reports First Half 2022 Financial Results

HONG KONG , Aug. 23, 2022 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "TAOP"), a provider of blockchain technology and smart cloud services, today announced it plans to accelerate the expansion of its e-bike charger network into 50 cities in China by the end of 2022. Taoping is leveraging its trusted brand, extensive partner network and safe chargers, which are used today in major cities including Shenzhen, Guangzhou, Shenyang, Quanzhou, Zhenjiang, Nanyang, Meizhou, and Maoming, among others.

Taoping to Expand e-Bike Charging Network to 50 Cities in China by End of 2022

Revenue Increased 124.6% YoY and Gross Margin increased to 37.6%

TAOP Reports Fiscal Year 2021 Financial Results

--With more than 200,000 valid orders completed and over 20,000 new users registered

TAOP Smart Charging Pile Service Now Available in Six Chinese Cities

HONGKONG, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company” or “TAOP”), a provider of blockchain technology and smart cloud services, today announced that it has entered into a share purchase agreement to acquire 95.56% equity interest in Zhenjiang Taoping IoT Technology Limited (“Zhenjiang Taoping”), aiming to accelerate the Company's smart charging pile and digital media businesses in East China.

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