Taoping Announces Strategic Framework Contract Valued at US$3 Million
Taoping Inc. (Nasdaq: TAOP) announced a strategic contract valued at US$3 million to provide digital advertising services to Shenzhen Taitao Electronic Technology Co., Ltd. over the next six months. The contract capitalizes on Taoping's smart cloud platform and advertising terminal network. CEO Lin Jianghuai expressed optimism about the recovery in the new media and advertising sectors in China, emphasizing the potential for increased brand visibility and profitability through innovative solutions aimed at improving efficiency and reducing costs.
- Secured a strategic contract worth US$3 million for digital advertising services.
- Leverages technology advantages to enhance customer efficiency and reduce costs.
- Anticipates increased brand visibility and revenue growth from recovering demand.
- None.
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
Mr. Lin Jianghuai, Chairman and CEO of Taoping said, "We are very excited to be regaining business momentum led by the recovery of the new media and advertising business in China. This agreement is a direct recognition of our proven track record and extensive success to date in the buildout and overwhelmingly positive response from customers."
"We look forward to the acceleration of our buildout strategy as we continue to help customers to leverage our technological advantages in the field of new media information platforms. By making full use of the competitive advantages of our different partners, we are able to provide comprehensive solutions to customers that improve efficiencies and reduce operating costs. Accelerating and expanding the promotion and implementation of Taoping's new media and information integration solutions will help further raise our brand visibility and drive growth, as we benefit from rapidly recovering demand amid the ongoing economic reopening in the post-epidemic era. By continuing to develop the two core advantages of Taoping's more than 200 city alliance network and Taoping intelligent cloud platform, we expect to increase our profitable revenue growth and promote the vigorous development of Taoping's digital ecological business."
About Taoping Inc.
Taoping Inc. (NASDAQ: TAOP) is a blockchain technology and smart cloud services provider. 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 encrypted digital currency industry. Relying on its self-developed smart cloud platform, TAOP also provides solutions and cloud services to industries such as smart community, new media and artificial intelligence. To learn more, please visit http://www.taop.com/.
Safe Harbor Statement
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SOURCE Taoping Inc.
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