Business
Taoping Announces 3-year Strategic Cooperation with ZhongShengShi Expected to Generate More than US$14 Million
Companies to Jointly Promote Accelerated Adoption of Taoping's New Smart Rest Station Product and Large Screen Display Products HONG KONG, Nov. 17, 2022
About this update from Taoping Inc.
[{"type":"text","content":"Companies to Jointly Promote Accelerated Adoption of Taoping's New Smart Rest Station Product and Large Screen Display Products\nHONG KONG, Nov. 17, 2022 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the \"Company\" or \"Taoping\") today announced the Company signed a three-year strategic cooperation agreement with ZhongShengShi Co., Ltd. (\"ZhongShengShi\") and expected to generate more than US $14 million for Taoping over the term of the agreement. The two companies will jointly promote the accelerated adoption of Taoping's new smart rest station and large screen display products across China.\n\n \n \n \n \n \n \n\n \nTaoping's recently launched smart rest station product combines technology, portability, flexibility and cleanliness to boost smart city development. Taoping's new product integrates its three core businesses: intelligent cloud service, advertising media operation and smart business display systems, to create an all-new smart rest station product with modular and mobile space features. Taoping and ZhongShengShi will work together to drive penetration of Taoping's new smart rest stations at high-tech industrial parks, manufacturing bases and other high traffic areas nationwide.\nTaoping's smart rest station combines multiple functional rooms suitable for clean, routine usage of individuals and families with different needs and scenarios. With its unique and novel appearance, as well as its flexible and rich function area layouts, the Company believes the smart rest station is quickly winning the favor of Taoping's partners and the market.\nMr. Lin Jianghuai, Chairman and CEO of Taoping, said, \"We are excited to be partnering with ZhongShengShi, as we combine our compelling new product with another strong partner, able to further strengthen our capabilities and resources as we accelerate adoption across China. We look forward to the mutual benefit to be gained by leveraging ZhongShengShi's operating expertise and the platform it has built through its investments in domestic high-tech industrial parks and manufacturing bases, commercial office areas and government-supported business growth cooperations.\"\nMr. Lin continued, \"The addition of ZhongShengShi as another important partner underscores the extensive market potential of Taoping's smart rest station product given how customizable it is and the extensive imp...