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 , April 9, 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 60.1 million (approximately USD $8.3 million) for the first quarter of 2024, representing an increase of 53% compared to the first quarter of 2023. The record growth continues to be driven by customer demand for the Company's cutting-edge Smart City solutions, AI-related products and innovative off-grid wastewater treatment solutions.

Taoping Reports Record 1Q 2024 Contract Revenue with 53% Increase Compared to 1Q 2023

SHENZHEN, China, Feb. 7, 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 78% year-over-year growth in contract revenue for the month of January 2024. With a total value of RMB 25.8 million (approximately USD $3.6 million), the record monthly contract revenue level was driven by demand for the Company's recently launched AI-related products and its innovative new off-grid wastewater treatment solution.

Taoping Reports Record 78% Year-Over-Year Contract Revenue Growth for January

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SHENZHEN, China , Jan. 25, 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 that the Company's revenue momentum is being driven by increasing demand for its innovative off-grid wastewater treatment solutions. The Company is capitalizing on this demand by offering high-efficiency, market-priced solutions that come with comprehensive support throughout the entire project lifecycle.

Taoping Continues to Build Revenue Momentum With its Innovative Off-Grid Wastewater Treatment Solutions; New Project Completions and Order Pipeline Both Continue to Expand

SHENZHEN, China , Jan. 16, 2024 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), today reported an 80% increase in the Company's contract revenue value for the full year of 2023, as compared with the full year of 2022. The Company entered into contracts totaling RMB 270 million (approximately US$37.94 million) during 2023, with the majority of the revenue expected to be recognized within fiscal year 2023 and the balance in fiscal year 2024.

Taoping Reports 80% Increase in Contract Revenue Value for the Full Year 2023

SHENZHEN, China , Dec. 11, 2023 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), today announced the Company was awarded a RMB16.2 million contract to provide AI servers to Fuzhou Shenpeng Technology Co. Ltd. The Company expects to recognize the revenue from this contract by the first quarter of 2024.

Taoping Awarded RMB16.2 Million Contract to Provide AI Servers to Fuzhou Shenpeng Technology

SHENZHEN, China , Nov. 8, 2023 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), today announced the Company was awarded a RMB15 million contract to provide integrated, cloud-based data analytics services to Shenzhen Chuangzhi Tiancheng Tech Co Ltd. to facilitate the intelligent operation and management of its mining project located in Northwest China, while greatly improving operating efficiency and safety.

Taoping Awarded RMB15 Million Cloud-Based Data Analytics Services Contract; Expands Reach to Mining Industry

SHENZHEN, China , Oct. 31, 2023 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), today announced the Company was awarded a RMB10 million contract to provide cloud-based advertising services to Shenzhen Zhaoyou Tech Co. Ltd. Taoping expects to recognize the full RMB10 million in revenue in 1Q 2024.

Taoping Awarded RMB10 Million Cloud-Based Advertising Services Contract

SHENZHEN, China , Oct. 12, 2023 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), today reported a nearly 100% year-over-year increase in the Company's contract revenue value for its cloud-based product, software and advertising businesses in the first nine months of 2023. The Company entered into contracts totaling RMB 191 million (approximately US$26.55 million) during the first nine months of 2023, the revenues from which the Company expects to recognize within fiscal year 2023.

ALERT: Taoping Contract Revenue Value Jumps Nearly 100% in First Nine Months of 2023

93% Increase in Revenue Compared to First Half of 2022 10% Improvement in Net Loss Compared to First Half of 2022 Company Expects Continued Growth in Second Half of 2023 SHENZHEN, China , Sept. 1, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company") today reported financial results for the first six months of its fiscal year ending December 31, 2023.

Taoping Reports First Half 2023 Financial Results

SHENZHEN, China , Aug. 16, 2023 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company" or "Taoping"), today announced that on August 15, 2023, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has cured the bid price deficiency, and that the Company has regained compliance with Listing Rule 5550(a)(2). Accordingly, this matter is now closed and the Company's ordinary shares will continue to trade uninterrupted on NASDAQ under the ticker "TAOP".

Taoping Regains Compliance with Nasdaq Minimum Bid Price Requirement

SHENZHEN, China , July 31, 2023 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company" or "Taoping"), today announced that the board of directors of the Company approved a one-for-ten reverse stock split of the Company's issued and outstanding ordinary shares, no par value (the "Ordinary Shares"). Beginning August 1, 2023, the Company's Ordinary Shares will be trading on a split-adjusted basis under the same symbol "TAOP" but with new CUSIP number, G8675V 127.

Taoping Announces 1-for -10 Reverse Stock Split

SHENZHEN, China , July 11, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping"), today reported a 95% increase in contract revenue value for its cloud-based product, software and advertising businesses for the first half of 2023 on a year over year basis. The Company has received contracts totaling RMB 106 million (approximately US$14.65 million) in the first half of 2023, all of which are expected to be completed and recognized as revenue within fiscal year 2023.

Taoping Contract Revenue Value Surges 95% YoY 1H 2023

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. Anyuan County is located in Jiangxi Province, China, with 18 towns under its jurisdiction and a population of about 400,000.

Taoping Expands in Jiangxi Province with AI-Aided Smart City Strategic Cooperation

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.

Taoping Launches AI-Aided Innovative New, Rapid, Off-grid Wastewater Treatment Solutions Bring "Clean Water for a Cleaner World"

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.

News for Taoping Inc. Stock (TAOP)