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 on June 21, 2024, it received a written notification letter (the "Notification Letter") from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of US$1.00 per share.
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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 29.8 million (approximately USD $4.1 million) for the month of May 2024, representing an increase of 52% compared to the month of May 2023. This represents a 43% increase over April 2024, which had a total contract revenue value of RMB 20.8 million.
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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.
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SHENZHEN, July 01, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ:TAOP, the "Company" or "TAOP"))), a provider of blockchain technology and smart cloud services, today provides an update of its business and announces the promotion of Huan Li, current director of Digital Culture Business Division, to concurrently serve as the Company's Chief Marketing Officer. Mr. Li will oversee all product marketing, brand strategy, direct and digital marketing, data analytics and marketing operations. "Since joining TAOP in March, Mr. Li has proven to be an experienced marketing leader with keen market observations and strong market development abilities, and his presence has been felt across the entir
SHENZHEN, May 19, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ:TAOP, the "Company"))), a provider of Internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced the establishment of its majority-owned subsidiary, Taoping Digital Assets (Hong Kong) Limited ("Taoping Digital Assets"). Taoping Digital Assets is a Hong Kong limited liability company and its main business is expected to be managing Taoping G Cloud Hong Kong Data Center and providing support to the Company's five business divisions from Hong Kong. Mr. Chi To Ip was appointed as president of Taoping Digital Assets. Mr. Ip has more than 20 years of experi
SHENZHEN, May 10, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ:TAOP, the "Company"))), a provider of Internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced the appointment of Ms. Liqiong (Iris) Yan as Chief Financial Officer and the launch of two newly-created business divisions- Digital Server Business Division and G Cloud Computing Power Business Division. The Company also announced the appointment of Mr. Zhiqiang Zhao, president of TAOP, concurrently as director of Digital Server Business Division, and the appointment of Mr. Zhixiong Huang, COO of TAOP, concurrently as director of G Cloud Computing Power Busi
SHENZHEN, March 18, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced the launch of a newly-created Digital Culture Business Division that covers Taoping’s new-media business and education business, and the appointment of Zhixiong Huang, COO of TAOP, as director of Digital Culture Business Division concurrently, and Huan Li as Executive Associate Director of the Division. Huan Li has over 15 years’ experience in the culture and media field. He has worked as a reporter for several media outlets including Asia Pacific Media Gro
SHENZHEN, March 09, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced the launch of a newly-created Blockchain Business Division and the appointment of Linxi Deng as director of Blockchain Business Division. Linxi Deng has over five years’ experience in Bitcoin mining operations. Before joining TAOP, she served as chief operating officer at Polar Bear Mining in charge of the construction of a 10MW Bitcoin Mining Unit powered by natural gas in Alberta, Canada. From December 2016 to December 2018, Ms. Deng worked at New Block
SHENZHEN, March 03, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced the appointment of Dongfeng Wang to Chief Strategy Officer. Mr. Wang will be responsible for blockchain and digital assets business development and will be a driving force for the Company to uncover marketplace opportunities. “We are pleased to bolster our management team by adding Mr. Wang’s experience and expertise in blockchain and investment. As we seek to tap into the blockchain and digital asset market, Mr. Wang is exactly the transformational leader
SHENZHEN, China, June 24, 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 on June 21, 2024, it received a written notification letter (the "Notification Letter") from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of US$1.00 per share.
SHENZHEN, China, June 10, 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 29.8 million (approximately USD $4.1 million) for the month of May 2024, representing an increase of 52% compared to the month of May 2023. This represents a 43% increase over April 2024, which had a total contract revenue value of RMB 20.8 million. Led by growth of its cloud-based Smart City products and solutio
SHENZHEN, China, May 30, 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 receipt of a new AI-powered Smart Terminal contract valued over US$1 million. The Company concurrently entered a strategic cooperation agreement with Zhenjiang Fengchao Information Technology Co., Ltd. ("Zhenjiang Fengchao Technology" or "ZFT") to accelerate market penetration of Taoping's cutting-edge AI-powered Smart Terminals. Taoping's recently l
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,
SHENZHEN, China, May 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 unveiled a new, upgraded AI-powered smart terminal. This cutting-edge platform integrates AI Generative Artificial Intelligence (AIGC) with Taoping's intelligent cloud platform technology and product capabilities, paving the way for intelligent, AI-driven smart terminals. Taoping's new enhanced AI-powered smart terminals leverage high-end video displays to seam
SHENZHEN, China, April 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 reported 59.4% revenue growth for the year ended December 31, 2023, and anticipated continued growth for the full year 2024. The Company expects to file its annual report on Form 20-F for the year ended on December 31, 2023 with the U.S. Securities and Exchange Commission ("SEC") on or about April 25, 2024. Mr. Lin Jianghuai, Chairman and CEO of Taoping, com
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.
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. The Company noted it
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. This one-stop support spans project planning, construction, implementation, operation, maintenance, and integration with Taoping's powerful Cloud Nest AI system
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 achieved strong growth throughout 2023, with demand led by the Company's city partner ecosystem and comprehensive portfolio of core high-value, high-traffic area software development and advertising business solutions. The Company
Revenue Increased 124.6% YoY and Gross Margin increased to 37.6% HONG KONG, May 02, 2022 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ:TAOP, the "Company" or "TAOP"))), a provider of blockchain technology and smart cloud services, today announced its financial results for the year ended December 31, 2021. Fiscal Year 2021 Financial Highlights Revenue was $24.8 million for the year ended December 31, 2021, an increase of $13.8 million from $11.0 million for the year ended December 31, 2020. The revenue increase was mainly attributed to products and software sales totalling $5.8 million, advertising from the recently acquired subsidiary, Taoping New Media Co., Ltd. ("TNM") of
Hong Kong, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ:TAOP), a provider of blockchain technology and smart cloud services, today announced its unaudited financial results for the six months ended June 30, 2021. Revenue was $6.4 million for the first six months of 2021 as compared to $3.7 million for the same period of last year, representing an increase of $2.7 million, or 71.9%. The increase was primarily due to the increase of the sale of high-end data storage servers and software, the addition of advertising revenue as a result of the acquisition of Taoping New Media Co., Ltd. ("TNM") on June 9, 2021, and the new revenue stream from cryptocurrency mining that the Compan
SHENZHEN, China, April 30, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ:TAOP), a provider of Internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced its financial results for the year ended December 31, 2020. Revenue was $11.0 million for the year ended December 31, 2020, a decrease of $2.8 million, compared to $13.8 million for the year ended December 31, 2019. Revenue was $7.3 million for the second half year of 2020, an increase of $3.6 million or 96% from $3.7 million for the first half year of 2020, and an increase of $0.6 million or 9% from $6.7 million for the second half year of 2019. The decrease in rev
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SHENZHEN, March 03, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced the appointment of Dongfeng Wang to Chief Strategy Officer. Mr. Wang will be responsible for blockchain and digital assets business development and will be a driving force for the Company to uncover marketplace opportunities.
“We are pleased to bolster our management team by adding Mr. Wang’s experience and expertise in blockchain and investment. As we seek to tap into the blockchain and digital asset market, Mr. Wang is exactly the transformational leader we need to seize the opportunities," said Mr. Jianghuai Lin, Chairman and CEO of TAOP.
Mr. Dongfeng Wang, age 45, has 22 years of work experience in the Internet industry. He has gone through the era of PC Internet and mobile Internet, and deeply participated in the growing blockchain Internet. His rich entrepreneurship experience put him in the forefront of development trends in digital revolution, and enabled him to accumulate great management expertise in enterprise positioning and corporate innovation.
In 2004, Mr. Wang founded Zcom Digital Magazine, one of the earliest e-magazine platforms in China. In 2009, Mr. Wang co-founded Forgame Group, a company engaged in the business of game and fintech in China, and successfully listed the company on the Main Board of The Stock Exchange of Hong Kong Limited in 2013. In 2017, Mr. Wang started investments in blockchain technology and digital assets mining operations as a venture partner of Longling Capital Co. Ltd, a Chinese venture capital firm specializing in seed stage, early stage and angel investments. Mr. Wang graduated from Beijing Construction University with a bachelor’s degree in International Trade.
About Taoping Inc.
Taoping Inc. (TAOP), is a leading provider of smart display terminals and solutions for targeted advertising and online retails. The Company provides the integrated end-to-end digital advertising solutions enabling customers to distribute and manage ads on cloud-based ad display screens. Connecting owners of Taoping screens, advertisers and consumers, it builds up a resource sharing "Smart IoT Screen Network- Taoping App - Taoping Go (e-Store)" media ecosystem to ultimately achieve the mission "our technology makes advertising and branding affordable and effective for everyone." To learn more, please visit http://www.taop.com/.
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of Taoping Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as "believes", "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For further information, please contact:
Taoping Inc.
Chang Qiu
Email: [email protected]
http: //www.taop.com/
or
Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: [email protected]
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