New High-Profile Taoping Pilot Projects Aim to Accelerate Growth

HONG KONG, Nov. 29, 2022 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping") today announced two exciting new pilot projects for the Company's smart rest station products in high profile areas on the Shenzhen Baywalk and the Dasha River Ecological Corridor (Guangzhou). The new pilot projects reflect a continued commercialization and acceleration of growth.

The popular Baywalk in Bao'an Central District of Shenzhen is a sky garden designed after New York's famous High Line Park that hosted an estimated 14 million visitors in 2021. The Dasha River Ecological Corridor, located in Liwan District, Guangzhou, is the largest free-entrance wetland park with an ecological leisure function and Cantonese cultural characteristics in the central urban area of the city. Both parks are major initiatives designed to boost ecologically friendly city spaces.

Mr. Lin Jianghuai, Chairman and CEO of Taoping, said, "We are proud of these latest showcase projects and our ability to create tailored solutions to fit the unique needs of each destination. These are high profile, high traffic areas, that need to accommodate millions of monthly visitors. We won the pilot project mandates because our sleek new smart rest station products are a seamless fit, with the sleek aesthetics and modern features needed. Our faster installation time and lower cost of ownership were also key selling points."

The Shenzhen Baywalk and the Dasha River Ecological Corridor represent two completely different application scenarios. In one case, Taoping designed a fashionable and trendy LED large-screen facade, which fits into the stylish and modern atmosphere surrounding it. In the other installation, Taoping developed a more natural and fresh facade, with great attention to details and integration of tourist service functions.

Mr. Lin continued, "Based on customer demand, we are evaluating additional commercialization options, as we continue to focus on driving profitable revenue growth from product construction and delivery, as well as from advertising operations of large display screens integrated into the smart rest station products. We plan to add additional value to our products as we leverage our modular design, with plans to integrate even more services. This is in line with our strategy for the N space of the smart rest station, with the launch of additional services according to the needs of each specific target user attributes. At the same time, we continue to leverage the channel advantages of Taoping's city partners and other strategic cooperation parties to promote our innovative smart rest products in more high-value, high-traffic areas."

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. To learn more, please visit www.taop.com.

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