Taoping New Contract Showcases Shenzen’s Best Technology Company

Taoping Inc. (NASDAQ: TAOP), a blockchain technology and smart cloud services provider, recently announced that it entered into a strategic framework contract with an estimated value of US$3 million sending the stock up 14% premarket.

According to the agreement, for the next six months Taoping’s smart cloud platform and the cloud-based ad terminal network of Taoping Alliance will provide digital advertising services to Shenzhen Taitao Electronic Technology Co., Ltd. The technology solutions provider is headquartered in Shenzhen, China.

Taoping Inc.

Taoping focuses on blockchain technology and digital assets research and application, and is committed to increasing computing power while also creating value for the encrypted digital currency sector.

TAOP also offers cloud services and solutions to sectors including smart community, new media, and artificial intelligence, all based on its own developed intelligent cloud platform.

Taoping – A Top Shenzen Company

Taoping has been designated a “Shenzhen Top Brand” by the Shenzhen Top Brand Evaluation Committee, which assessed the company as a leading supplier of internet-based smart display screens and a new-media environment that allows for targeted advertising and internet shopping. 

After a thorough and fiercely competitive selection process, Taoping was named one of China’s 66 most reputable brands in 2020.

TAOP Stock Forecast & CEO Predictions

Upon the news of the latest framework contract, CEO and Chairman Mr. Lin Jianghua took a few moments to share his thoughts. Mr. Lin noted that he was “very excited” about the company regaining business momentum led by the recovery of the new media and advertising business in China. 

The CEO believes the agreement is a direct recognition of Taoping’s proven track record and extensive success to date in the buildout and overwhelmingly positive response from customers.

Additionally, he touched on future plans for Taoping.

“We look forward to the acceleration of our buildout strategy as we continue to help customers to leverage our technological advantages in the field of new media information platforms. By making full use of the competitive advantages of our different partners, we can provide comprehensive solutions to customers that improve efficiencies and reduce operating costs,” said Mr. Lin.

Accelerating and expanding the promotion and implementation of Taoping’s new media and information integration solutions will help further raise the company’s brand visibility and drive growth as the organization benefits from rapidly recovering demand amid the ongoing economic reopening in the post-epidemic era.

By continuing to develop the two core advantages of Taoping’s more than 200 city alliance network and Taoping intelligent cloud platform the company expects to increase profitable revenue growth and promote the vigorous development of Taoping’s digital ecological business.

Taoping is a pioneer in digital advertising solutions, including smart display terminals and cloud-based ad management tools. Our end-to-end solutions enable customers to create and distribute targeted ads across a network of digital screens.

The Taoping ecosystem screen owners, advertisers and consumers to create a resource-sharing ecosystem called the “Smart IoT Screen Network”. The ultimate goal of this network is to make advertising and branding more affordable and effective for everyone.