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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Taoping Inc.    TAOP   VGG8675V1013

TAOPING INC.

(TAOP)
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Taoping Cooperates with BOE Technology to Engage Third Party New Screens for Taoping New Media Ecosystem

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01/21/2020 | 08:31am EST

SHENZHEN, China, Jan. 21, 2020 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a leading provider of internet-based smart display screens, and a new-media ecosystem that enable targeted advertising and online retails, today announced its cooperation with BOE Technology Group Co., Ltd.(“BOE Technology”) to pre-install Taoping Cloud Window App on BOE iGallery Screens. The cooperation integrates BOE iGallery screens into the Taoping ecosystem, helps Taoping to expand its market opportunities in targeted advertising.

BOE Technology (SZ000725) is a Chinese electronic components producer founded in 1993. Its core businesses are interface devices, smart IoT systems and smart medicine and engineering integration. BOE iGallery is a display screen specially designed for displaying artworks, including oil paintings, traditional Chinese paintings, photographs as well as classic and emerging artworks. So far, BOE iGallery is mainly used by art museums for interactive information services.

In its cooperation with Taoping, BOE Technology pre-installs Taoping Cloud Window App for its BOE iGallery Screens. Once activated after the pre-installation, the iGallery screens will operate on Taoping smart cloud platform to publish targeted advertisements just like dedicated Taoping smart display screens, offering screen owners more purchase choices (i.e. not required to buy dedicated Taoping smart screens to join us) as these iGallery screens look like a piece of art and do not have video camera, and helping Taoping penetrate to more scenes of high people traffic and helping us expand into overseas market.

 “We are pleased to cooperate with BOE Technology by pre-installing our new cross-platform App for BOE iGallery,” said Mr. Jianghuai Lin, Chairman and CEO of TAOP. “By integrating BOE iGallery screens into Taoping ecosystem, we are enabling third-party new screens and more scenes of high people traffic for targeted advertising. With Taoping Cloud Window App, we can now grow the number of display screens in our ecosystem not only by increasing number of dedicated Taoping smart display screens, but also by increasing number of third-party installed screens and third-party new screens. All such screens are expected to generate service revenues for us and create value for our shareholders.”

About Taoping Inc.

Taoping Inc. (formerly known as China Information Technology, 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: chang_qiu@taoping.cn
http://www.taop.com/

or

Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: taop@dgipl.com

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© GlobeNewswire 2020
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Managers
NameTitle
Jiang Huai Lin Chairman & Chief Executive Officer
Zhi Qiang Zhao President, Chief Financial Officer & Director
Zhi Xiong Huang Chief Operating Officer
Guang Zeng Chen Chief Technology & Product Officer
Yun Sen Huang Independent Director
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