SHENZHEN, China, May 15, 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 reported a total contract revenue value of RMB 20.8 million (approximately USD $2.9 million) for the month of April 2024, representing an increase of 25%
compared to the month of April
2023.
The Company highlighted that its impressive growth was driven
by its commitment to innovation, as evident by the increased
demand for its wide array of AI-based products, including its Smart
City solutions.
Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: "We are
greatly encouraged by our ongoing expansion and the enthusiastic
reception of our solutions portfolio from customers. Our focus on
AI and cloud-based products has strategically aligned us with the
solutions that customers find most compelling. These solutions,
which are designed to enhance efficiency, improve end-customer
interactions, and deliver a higher return on investment, have
resonated well with the market."
"We have implemented multiple growth strategies that leverage AI
to meet the dynamic needs of our customers. A key example is our
recent introduction of Smart Terminals, which we believe will serve
as a significant long-term growth driver for the Company. This
initiative. is expected to play a pivotal role in enhancing
shareholder 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 on X.
Safe Harbor Statement
This press release contains "forward-looking statements" that
involve substantial risks and uncertainties. All statements other
than statements of historical facts contained in this press
release, such as statements regarding our estimated future results
of operations and financial position, our strategy and plans, and
our objectives or goals, are forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
We have attempted to identify forward-looking statements by
terminology including "anticipates," "believes," "can," "continue,"
"could," "estimates," "expects," "intends," "may," "plans,"
"potential," "predicts," "should," or "will" or the negative of
these terms or other comparable terminology. Our actual results may
differ materially or perhaps significantly from those discussed
herein, or implied by, these forward-looking statements. There are
a significant number of factors that could cause actual results to
differ materially from statements made in this press release,
including: our potential inability to achieve or sustain
profitability or reasonably predict our future results due to our
limited operating history of providing smart cloud services, the
effects of the global Covid-19 pandemic, the emergence of
additional competing technologies, changes in domestic and foreign
laws, regulations and taxes, uncertainties related to China's legal system and economic, political
and social events in China, the
volatility of the securities markets; and other risks including,
but not limited to, those that we discussed or referred to in the
Company's disclosure documents filed with the U.S. Securities and
Exchange Commission (the "SEC") available on the SEC's website at
www.sec.gov, including the Company's most recent Annual Report on
Form 20-F as well as in our other reports filed or furnished from
time to time with the SEC. The forward-looking statements included
in this press release are made as of the date of this press release
and the Company undertakes no obligation to publicly update or
revise any forward-looking statements, other than as required by
applicable law.
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SOURCE Taoping Inc.