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

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's integrated cloud-based solution leverages AI and the Company's proprietary intelligent data collection and analysis platform to uncover and accelerate opportunities for intelligent operations and business management. This latest win for Taoping also expands the Company's reach, representing the first application of the Company's powerful new Cloud Nest AI system and intelligent cloud platform solutions in the mining industry.

In response to the Company being awarded the RMB15 million contract, Taoping's Chairman and CEO, Mr. Lin Jianghuai, commented, "This is another exciting win for us, further exemplifying the consistent and powerful capabilities of our cloud-based data analytics solutions to help customers drive increased operating efficiencies and strengthen returns on investment. The consistency and quality of our data analytics impressed Shenzhen Chuangzhi Tiancheng Tech and resulted in the exploration of opportunities to incorporate our solutions into its mining project. This also opens the door for Taoping to further expand our footprint throughout the broader natural resources industry and help businesses address the critical need for improved management of scarce natural resources with the power and intelligence of Taoping's AI-driven cloud-based data analytics solutions."

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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SOURCE Taoping Inc.