Taoping's Next Generation Smart Rest Station Launches in Shenzhen's Highly Popular Xiangmi Park

HONG KONG, Jan. 11, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "Taoping") today announced that its next generation smart rest station, which integrates fully autonomous street sweeper functionality, has been launched in Shenzhen's highly popular Xiangmi Park. The successful launch serves as a high-profile showcase of the Company's next generation smart rest station, which is expected to greatly facilitate the transformation of smart sanitation in both public and commercial settings.

Shenzhen's "Citizen Park" or Xiangmi Park is one of China's more famous and scenic spots and serves as a popular site ranging from online influencers and people taking a stroll to children and elderly exercising. The high volume of daily visitors enjoying the 424,000 square meter park also creates a considerable amount of waste, which is time consuming and costly to clean. Taoping's next generation smart rest station was selected to help alleviate costly daily cleaning, while providing an attractive, much needed rest station for park patrons to use.

With the integration of the fully autonomous street sweeper, featuring collision avoidance, human detection, advanced route guidance and extended battery life, the Company's new smart rest station solution offers a docking, charging and cover option, thereby eliminating the cost prohibitive need to install separate charging sites. For more detailed information and accompanying videos click here (https://en.taop.com/video/stage-adv2.mp4).

For Shenzhen's "Citizen Park" or Xiangmi Park, Taoping tailored its intelligent street sweeper and intelligent garbage sorting applications, with multi-functional autonomous cleaning, garbage transfer, overflow detection, and more.

Mr. Lin Jianghuai, Chairman and CEO of Taoping, said, "We thank the Shezhen park authorities for their confidence in Taoping and our next generation solution. We are very excited to be in this high profile, high traffic location, which showcases our innovative solution and will allow others to see firsthand how effective our solution is and how we can help directly solve high-cost pain points associated with cleaning and labor. Park visitors want stress-free, clean greenspace, which our solution helps provide, while improving many other aspects of the overall experience."

"We see this as the latest step in what will be a multi-year growth journey. We already have relationships with more than 200 cities in our alliance network, which we are sharing detailed information on the benefits of our new solution with. We also continue to promote the application of new technologies and new products to meet the ever-changing needs of the market, as we build on our platform of providing services, products and solutions to enhance public sites, and indoor and outdoor destinations across the country, while ultimately leading a new low-carbon and efficient lifestyle."

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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This press release contains "forward-looking statements" that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, such as statements regarding our estimated future results of operations and financial position, our strategy and plans, and our objectives or goals, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," or "will" or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.  There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our potential inability to achieve or sustain profitability or reasonably predict our future results due to our limited operating history of providing blockchain technology and smart cloud services, the effects of the global Covid-19 pandemic, the emergence of additional competing technologies, changes in domestic and foreign laws, regulations and taxes, uncertainties related to China's legal system and economic, political and social events in China, the volatility of the securities markets; and other risks including, but not limited to, those that we discussed or referred to in the Company's disclosure documents filed with the U.S. Securities and Exchange Commission (the "SEC") available on the SEC's website at www.sec.gov, including the Company's most recent Annual Report on Form 20-F as well as in our other reports filed or furnished from time to time with the SEC. The forward-looking statements included in this press release are made as of the date of this press release and TAOP undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

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SOURCE Taoping Inc.