AI
Taoping Secures $5.2 Million in Smart Elevator Orders, Advancing AI-Powered Growth Strategy
Taoping Inc. (Nasdaq: TAOP) ("Taoping" or the "Company"), a provider of innovative cloud-based technologies, Smart City IoT platforms, and related products and services, today announced that its wholly owned subsidiary, Skyladder (Tianjin) Technology Development Co., Ltd. ("Skyladder Technology"), has secured approximately $5.2 million in new smart elevator project orders.
About this update from Taoping Inc.
TIANJIN, China, July 27, 2026 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP) ("Taoping" or the "Company"), a provider of innovative cloud-based technologies, Smart City IoT platforms, and related products and services, today announced that its wholly owned subsidiary, Skyladder (Tianjin) Technology Development Co., Ltd. ("Skyladder Technology"), has secured approximately $5.2 million in new smart elevator project orders. The new orders represent another important milestone in Taoping's "AI + elevator" growth strategy and further validate the Company's expanding role in China's elevator modernization and intelligent infrastructure market. The projects cover a broad range of high-demand use cases, including urban renewal, affordable housing, commercial housing, vocational education parks, emerging industrial bases, and science and education facilities. Taoping believes these new orders strengthen its near-term revenue visibility while also creating valuable reference cases that can support broader market expansion with larger customers, property managers, local platforms, and public-sector-linked projects over time. Mr. Bin Ma, Co-Chief Executive Officer of Taoping, commented, "Securing approximately $5.2 million in smart elevator orders is a strong validation of our strategy and execution. These wins strengthen our revenue visibility, expand our customer base, and demonstrate the market's need for smarter, safer, and more efficient elevator solutions. We believe Taoping is well positioned to convert this momentum into a larger, recurring growth opportunity as China's elevator modernization market continues to develop." The Company believes China's elevator aftermarket represents a large and increasingly technology-driven opportunity, as older elevators requiring upgrades or replacement, urban renewal programs, and the growing need for more proactive maintenance continue to create demand for intelligent solutions. Taoping's smart elevator platform is designed to help customers improve elevator management, increase service efficiency, and shift from traditional reactive maintenance toward more predictive operations. About Taoping Inc. Taoping Inc. (Nasdaq: TAOP) has a long history of successfully leveraging technology in the development of innovative cloud-based technologies on the Smart City IoT platform, and related products and services. The Company has buil...